Reply To: Vacation investments

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Kyle Norton

I think about this every time I travel. The downside is that the places I go to are too expensive for me to actually buy something as an investment property. For example, on a recent trip to Florida, the building we stayed in had condos for sale, but in the million dollar range. It takes a lot of rental days to cover a nut like that.

Alternatively, for an investment at that price, I’d be more comfortable buying an apartment building here locally that has a more stable and consistent cash flow.

Am I just being too conservative?