Let’s say the vacation home you recently purchased is a real show-stopper.
Amazing views of the mountains are reflected in the tranquil lake below. Beautiful fireplaces, heated floors, and vaulted ceilings – it’s everything you’ve ever dreamed of. Now, how are you going to afford the mortgage, on top of your primary residence?
Here are five tips to make your vacation home pay for itself:
1. Make That Mortgage Disappear
In reality, your cottage is a second home – a vacation spot. You will use it a couple of weeks out of the year. The rest of the time you will be paying a mortgage on a place you don’t use…or will you? Smart investors know the secret to owning a great cottage is making it pay for itself. By renting out your vacation home, you can
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