Being located in the majestic Pacific Northwest, we chat with clients daily about financing a vacation home. Beyond the obvious recreational benefits of owning a vacation home, a secondary residence or investment property is a smart way to diversify your assets. In the current era of Airbnb, renting (even if only seasonally) can be a smart long-term strategy. There have never been more ways to create positive revenue streams from owning real estate.
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Beyond offering well-deserved rest and relaxation, a vacation home can be a sound “lifestyle” investment. What do we mean by that? The decision to invest your money into a physical sanctuary, or special place to retreat with your loved ones isn’t always always driven with cash flow or income in mind. However, simply owning real estate will usually create positive equity over time in addition to the positive lifestyle effect.
Today, with platforms like Airbnb and others, it’s easier than ever for owners to automate the entire booking process and simply sit back, relax, and watch the assets pile up from afar. With the right plan, location, and digital infrastructure in place, it’s totally possible for a mortgage on rental property to pay for itself.
It’s important to note, that the vast majority of first-time landlords don't actually buy rental property. Instead, these individuals buy primary residences, live in these homes for a few years, and then acquire a new primary residence while converting the last home into a rental property.
Sierra Pacific Mortgage Company, Inc. - NMLS 1788
ML: 1098221 Licensed in Oregon ML-460
& Licensed in Washington CL#1788
Not Licensed in New York
Sierra Pacific Mortgage May not be the lender for all products offered on this website. Some loans may be made by a lender with whom Sierra Pacific Mortgage has a business relationship.