KEYLADDER
How to save my vacation property from the recession
Your vacation home may need some help. The great recession we have been hearing about is here. The stock market became a bear market today. Your real estate investment was a good decision at the time but economic conditions have changed the business model.
Time to consider the worst-case scenario. You may need to earn rental income to help make those monthly payments. It may be the right time to join other short-term rentals available for vacationers or rent on a long-term basis.
If the recession hit you hard and you are having trouble with cash flow there are basically four choices. Hold on to the property until tough times are over for you financially, consider using it as a vacation rental, convert to a long-term rental or sell it. The slowdown of the real estate market is causing real estate prices to decline. If you have good equity in your property now is the time to sell if that is what you want to do.
Continued as a blog article at https://keyladder.com/2022/09/25/how-to-save-my-vacation-property-from-recession-now/
Please visit our website and read other blog articles KEYLADDER.COM consider taking our education courses on residential rental property investments. If you are interested in owning a short-term rental property take our free mini-course on "how to invest in vacation rental property". https://keyladder-training.teachable.com/p/short-term-rental-investment-mini-course
Thank you for listening to this podcast, please listen to our other podcasts.
Your vacation home may need some help. The great recession we have been hearing about is here. The stock market became a bear market today. Your real estate investment was a good decision at the time but economic conditions have changed the business model.
Time to consider the worst-case scenario. You may need to earn rental income to help make those monthly payments. It may be the right time to join other short-term rentals available for vacationers or rent on a long-term basis.
If the recession hit you hard and you are having trouble with cash flow there are basically four choices. Hold on to the property until tough times are over for you financially, consider using it as a vacation rental, convert to a long-term rental or sell it. The slowdown of the real estate market is causing real estate prices to decline. If you have good equity in your property now is the time to sell if that is what you want to do.
Continued as a blog article at https://keyladder.com/2022/09/25/how-to-save-my-vacation-property-from-recession-now/
Please visit our website and read other blog articles KEYLADDER.COM consider taking our education courses on residential rental property investments. If you are interested in owning a short-term rental property take our free mini-course on "how to invest in vacation rental property". https://keyladder-training.teachable.com/p/short-term-rental-investment-mini-course
Thank you for listening to this podcast, please listen to our other podcasts.