Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Buying a home (or two) away from home
Old 02-15-2012, 11:08 AM   #1
Confused about dryer sheets
 
Join Date: Feb 2012
Location: Victoria, BC
Posts: 1
Buying a home (or two) away from home

Hi,

I am on my way to "partial retirement" since I have much flexibility with my work. I live in Canada but I plan to purchase a property in the Caribbean (Mexico?) and another in Europe (France?) in order to live there part of each year. I'd like these properties to be rented out when I'm not there and have that aspect managed for me. I'm guessing what I need are condos in existing resort complexes offering rental management services... probably do-able in the Caribbean but not so sure about Europe as I've never been there. Any suggestions or ideas? I'd also love to hear from people who have invested in similar properties.

Dominique
__________________

__________________
saltyfoam is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 02-15-2012, 02:36 PM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
kcowan's Avatar
 
Join Date: Jul 2006
Location: Pacific latitude 20/49
Posts: 5,739
Send a message via Skype™ to kcowan
We have friends currently staying at Vallarta Shores, a condo hotel in PV. As an owner or renter, you get full service by the hotel staff. They rent the units for owners and keep 30% of gross. For about $360K, you get a unit that will generate $60K gross receipts. They are evaluating whether to acquire it as an investment. They also would pay a monthly condo fee of $500.

So yes there are facilities such as you describe but they are pretty rare here.

(BTW the larger resorts here are selling timeshare so they are not good investments.)
__________________

__________________
For the fun of it...Keith
kcowan is offline   Reply With Quote
Old 02-15-2012, 03:42 PM   #3
Recycles dryer sheets
 
Join Date: Feb 2009
Location: Cville
Posts: 399
Quote:
Originally Posted by kcowan View Post
We have friends currently staying at Vallarta Shores, a condo hotel in PV. As an owner or renter, you get full service by the hotel staff. They rent the units for owners and keep 30% of gross. For about $360K, you get a unit that will generate $60K gross receipts. They are evaluating whether to acquire it as an investment. They also would pay a monthly condo fee of $500.

So yes there are facilities such as you describe but they are pretty rare here.

(BTW the larger resorts here are selling timeshare so they are not good investments.)
We had some friends when we lived in Germany about 20 years ago, and they had a similiar setup in Valencia Spain. The management company rented it for them when they were not there. So, I would imagine there are similiar setups many places in Europe. I like Spain for the beach and the realestate sux there right now, so you may find a deal where you can buy at a distressed price, or maybe not
__________________
RetireBy90 is offline   Reply With Quote
Reply

Tags
property investing, rental property, second home, vacation rental


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Poll: Should Peyton FIRE From the Colts? easysurfer Other topics 49 03-20-2012 05:18 PM
Hello from CO CMH in CO Hi, I am... 11 02-17-2012 07:43 AM
Am I exempt from 10% early withdrawal penalty?? rdjrn FIRE and Money 8 02-16-2012 08:17 AM
Confused about back door Roth from 401K tinlizzy FIRE and Money 10 02-14-2012 09:47 PM

 

 
All times are GMT -6. The time now is 01:34 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.