The resort and second-home marketplace differs in a true number of ways from primary residential marketplace. Buyer attention ranges from little, rustic getaways to extravagance properties, and includes a global clientele and the retirement and investment markets. Purchasing, selling, or managing 2nd homes in a vacation resort, recreational, and/or destination requires understanding of the lifestyle and recreation market, tax therapy of vacation and 2nd homes, and owning a home.

How do you maintain a second home if it’s far away?

If you own a second home, chances are it’s not in the neighborhood. And there will be repairs and maintenance tasks, especially if you’re dealing with salt air, snow, or other harsh elements. How will you cope?
How do you maintain a second home if it’s far away?
weekly house check
How do you maintain a second home if it’s far away?
pool maintenance
How do you maintain a second home if it’s far away?
reception of guests
How do you maintain a second home if it’s far away?
garden maintenance
How do you maintain a second home if it’s far away?
arrange building/renovation
How do you maintain a second home if it’s far away?
key holding service
How do you maintain a second home if it’s far away?
general maintenance
How do you maintain a second home if it’s far away?
repairs and problem solving
How do you maintain a second home if it’s far away?
installation of Wi-Fi and TV
How do you maintain a second home if it’s far away?
cleaning & laundry
man with blue geans and sneaker shoes in stair

Looking to build an investment portfolio in order to bring in passive income and reach financial independence? Financial independence and retiring early (FIRE) can be achieved faster than the average person thinks—that is, if you have the discipline to devote money and time to it.

View the full article: 4 Easy Steps to Make Extra Money ($3-5K Every Month!) on The BiggerPockets Blog | Real Estate Investing & Personal Finance Advice. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

When people ask me about whether or not they should pay off their car, it always leads to an interesting discussion. I like to tell stories, so I tell them about the time I bought an office building that ended up immediately paying for itself and a new car.

View the full article: How to Pay Off Your Car Loan Early (& Never Pay for Your Car Again!) on The BiggerPockets Blog | Real Estate Investing & Personal Finance Advice. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

It doesn’t matter where you are in your journey to defend your assets: these basic yet essential asset protection concepts can keep you out of unnecessary legal trouble. Regardless of which specific tools you end up needing, a thorough asset protection plan should at least include the features described here.

View the full article: 5 Ways to Protect Real Estate Assets & Avoid Lawsuits on The BiggerPockets Blog | Real Estate Investing & Personal Finance Advice. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

vacation-rental

Investing a little time, effort, and money in your vacation rental can make a huge difference in profits and create a better experience for you and your guests. Follow this checklist, and you’ll be well on your way to owning a successful and profitable vacation rental.

View the full article: 4 Tips to Turn Your Home Into a Profitable Vacation Rental on The BiggerPockets Blog | Real Estate Investing & Personal Finance Advice. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

laptop on desk with person typing in well lit room

Recently I noticed the utility expense for one of my properties was 30 percent higher than projected. Sure it wasn't fun, but solving this problem by auditing my bills ended up saving me $250 a month! Worth it! Here's how to go about auditing your utility expenses (and keeping more of your profits!).

View the full article: How I Saved Thousands by Auditing Utility Expenses on The BiggerPockets Blog | Real Estate Investing & Personal Finance Advice. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

Cute young woman with feet on table in cozy home office. Coffee cup with saucer beside her.

Top performers position themselves to be victorious by having a plan, remaining focused, and being efficient. So what’s the best way to accomplish this in order to achieve our goals? The answer: leverage others. To keep costs low, you don't even need to hire someone locally. Instead, find a virtual assistant, or VA.

View the full article: Hire a Virtual Assistant for These 21 Tasks (& Supercharge Your Productivity!) on The BiggerPockets Blog | Real Estate Investing & Personal Finance Advice. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

landlord-roles

Is being a real estate investor and being a landlord the same thing? Or are they two completely different roles? Knowing the distinction is incredibly important and can make all the difference in getting what you really want out of real estate.Get insight from an experienced investor here!

View the full article: The Difference Between “Rental Owner” and “Landlord” on The BiggerPockets Blog | Real Estate Investing & Personal Finance Advice. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

On this episode, real estate agent and investor Robert Jones discusses how he built a cash-flowing portfolio with millions of dollars in equity in an expensive market. He’ll blow you away with his knowledge on making deals work (even through the MLS), choosing what to buy, and so much more.

View the full article: BiggerPockets Podcast 336: $900 to $4.5MM Net Worth by 34 with Robert Jones on The BiggerPockets Blog | Real Estate Investing & Personal Finance Advice. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

step-by-step-multifamily

Overwhelmed by the thought of landing that first multifamily property? Break down the process to make it achievable! Here's how.

View the full article: The Achievable 8-Step Process to Land Your Very First Multifamily Deal on The BiggerPockets Blog | Real Estate Investing & Personal Finance Advice. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

for rent tag and cardboard cutout of house

Converting your home into a rental property means more than just signing a lease! Protect yourself—and your home—with these six money-saving tips.

View the full article: Converting Your Home to a Rental: 6 Tips to Protect You & Your Property on The BiggerPockets Blog | Real Estate Investing & Personal Finance Advice. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

27 ways to find deals brandon turner

People are constantly telling me that they can't find deals in today's real estate market. It's too competitive. So I want to eliminate all those excuses and give you 27 ways to find good deals. Here they are.

View the full article: 27 Ways to Find Real Estate Deals on The BiggerPockets Blog | Real Estate Investing & Personal Finance Advice. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

rental-property-listing

Is your rental listing getting lost in a sea of competition? Stand out -- and attract the tenants you want -- with these 5 smart tips.

View the full article: 5 Tips for Writing Rental Property Listings Your Ideal Tenants Will Read on The BiggerPockets Blog | Real Estate Investing & Personal Finance Advice. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

Stressed sick mulatto freelancer is having headache and thinking how to finish his work. He is in a casual smart, at his home office

Investors beware: Today we’re talking about the top three people who might rip you off the most when you invest in real estate.

View the full article: The Top 3 People Most Likely to Rip You Off in Real Estate Investing on The BiggerPockets Blog | Real Estate Investing & Personal Finance Advice. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

Attractive man in eyeglasses and charming woman is pointing at the laptop screen, laughing together, resting at cafe with cup of coffee.

Let’s talk about gender in terms of investing. Here are some basics on how women are the same as men when they purchase an investment: we like money. We like when our money makes us more money. Now that we’ve established that, here are some ways women are different than men when it comes to buying properties.

View the full article: 4 Differences Between the Way Women & Men Invest in Real Estate on The BiggerPockets Blog | Real Estate Investing & Personal Finance Advice. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

young African American male sitting in cafe with open book on table and head resting on hand thinking

Real estate investing is a competitive business. There are lots of talented people looking for the same awesome deals, because as the saying goes, you make money when you buy. This is why it’s important to create a buying strategy that has considerable equity capture at the time of purchase. Enter: the short sale.

View the full article: Short Sales: Make Money on Deals That 98% of Investors Would Pass On on The BiggerPockets Blog | Real Estate Investing & Personal Finance Advice. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

real-estate-networking

Let's talk about networking—both locally at meetups and digitally on sites like BiggerPockets. Most people know they need to step up their networking game to succeed in business, but they can’t get past a certain mental hurdle. So, here's a short list of tips to point you in the right direction, even if you're shy.

View the full article: Hey, Introverts! Here Are 4 Ways to Be a Better Networker on The BiggerPockets Blog | Real Estate Investing & Personal Finance Advice. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

suburban-house-hack

House hacking is an innovative strategy that only requires the purchase of one property to completely eliminate your biggest expense: your housing! And if you do it right, you could even create monthly cash flow on top of that. It's simple. Here's how.

View the full article: House Hacking 101: How to “Hack” Your Housing (and Get Paid to Live for Free!) on The BiggerPockets Blog | Real Estate Investing & Personal Finance Advice. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

You’ve got an idea; you’re ready to take over the world. Where to start... Write a business plan? Buy equipment? Take out a loan? Wrong, according to guest Alan Donegan. Alan founded the PopUp Business School to teach a different approach—one that encourages entrepreneurs to measure feedback before they go into debt.

View the full article: BiggerPockets Business Podcast 09: The Secret to Starting a Risk-Free, Debt-Free Business QUICKLY with Alan Donegan on The BiggerPockets Blog | Real Estate Investing & Personal Finance Advice. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

Happy young man on phone, indoors - inside. Close up of businessman talking on mobile phone - smartphone. Comunicative friendly hispanic man

In this roundup of different deal structures, market pressures and liens brought the sellers to us and our due diligence paid off. Here I’ll explain how you can navigate exceptional circumstances to favorable terms by sharing two stories about motivated sellers who benefited from non-traditional deals.

View the full article: How We Found an Extra $400K on Two Properties on The BiggerPockets Blog | Real Estate Investing & Personal Finance Advice. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

Want to get your feet wet in the multifamily real estate business as an active investor but not sure where to start? Buying and holding an apartment is one of the easier real estate investment strategies, so it may just be perfect for you! Here's what you need to know. 

View the full article: Buy and Hold 101: How to Evaluate Investment Properties on The BiggerPockets Blog | Real Estate Investing & Personal Finance Advice. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

My company does real estate deals differently. Our systems dramatically increase the odds of getting a tenant buyer to the mortgage-ready stage, setting them up to succeed. Despite that, life events do occur. But once you understand how to pivot when this happens, you’ll remain profitable. Here's an example.

View the full article: A Deal Gone Awry (Twice!) & How I Recovered (Profitably!) on The BiggerPockets Blog | Real Estate Investing & Personal Finance Advice. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

closeup of judge's gavel and handcuffs

Wholesaling is a profitable way to get started in real estate, even when you have little money. But is it legal? The answer is: It depends. Make sure you're staying on the right side of the law (AND learn how to start profiting) with these strategies!

View the full article: Is Real Estate Wholesaling Illegal? (Maybe, But Not If You Follow These Strategies…) on The BiggerPockets Blog | Real Estate Investing & Personal Finance Advice. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

Parents are supposed to know everything, and talking about money is impolite. So how do you make sure your parents are taken care of and that their wishes are followed throughout their golden years? Author Cameron Huddleston shares the story of the journey through her mother’s finances pre- and post-Alzheimer's.

View the full article: BiggerPockets Money Podcast 78: How to Talk to Your Parents About Money with Cameron Huddleston on The BiggerPockets Blog | Real Estate Investing & Personal Finance Advice. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

Middle-aged people wearing sunglasses. A man and a woman together. Happy adult couple.

Timm and Sherri were flush with enough money to have a fourplex and significant savings by their 30s. With the goal of generating enough income to retire well-off, they decided to invest in more real estate and sought professional guidance. Fast forward to their 40s, and they've already met their goal—and then some.

View the full article: Couple Will Retire Early on $250K/Year Through Real Estate Investing—Here’s How on The BiggerPockets Blog | Real Estate Investing & Personal Finance Advice. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

section_8_housing_misconceptions

Let's talk about how to make money in high-crime areas and rougher parts of town. The first thing that you need to do is go to a pawn shop and get a bulletproof vest, a gun, and a taser. Because all of these things are important when it comes to collecting rents. Guys, I’m joking.

View the full article: How to Make Money on Real Estate in High-Crime Areas on The BiggerPockets Blog | Real Estate Investing & Personal Finance Advice. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

leadership-principle

When you're scaling your wholesaling business, it's VITAL to lead your team in the right direction. Learn a few lessons from famous leaders here!

View the full article: Top 5 Leadership Principles for Real Estate Wholesalers on The BiggerPockets Blog | Real Estate Investing & Personal Finance Advice. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

find-deals-hot-market

“The grass is always greener on the other side,” right? But then you hop the fence, take a closer look, and discover it was an illusion. The same can be said of buying properties outside your local area. Just because you live in a high-priced market doesn't mean investing elsewhere will be more profitable. Here's why.

View the full article: Tough Local Market? 3 Reasons Investing Out of State Is NOT the Solution on The BiggerPockets Blog | Real Estate Investing & Personal Finance Advice. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

negotiation, deal, real estate, compromise

People are a part of every deal, but in a recent case, we added an inherited renter—and their rent—to the package. We were actually happy to keep them at this multi-structure property, as we used it to sweeten the deal for the buyer. Here's how you can do the same.

View the full article: Tenant in Place? Here’s How to Turn It Into a Selling Point on The BiggerPockets Blog | Real Estate Investing & Personal Finance Advice. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

foreclosed-house

Looking to land a deal with a foreclosed house? Before you start looking, read this guide to understand where to find the best foreclosures, how to make offers (and not overpay), and what to keep in mind.

View the full article: How to Buy a Foreclosure: A Guide for Finding & Landing Foreclosed Deals on The BiggerPockets Blog | Real Estate Investing & Personal Finance Advice. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

photos-vacation-rental

If you want to compete in today's vacation rental market, you better have some truly awesome photos and videos of your property online! Here's how to sell your vacation rental to prospective guests by creating compelling videos and posting flattering photos.

View the full article: 10 Photo and Video Tips to Showcase Your Vacation Rental Property on The BiggerPockets Blog | Real Estate Investing & Personal Finance Advice. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

Break that duplex purchase into actionable chunks! Here's what you can do in the next 90 days to line yourself up for your very first deal.

View the full article: How to Buy Your First Investment Duplex in the Next 90 days on The BiggerPockets Blog | Real Estate Investing & Personal Finance Advice. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

businesswoman doing paperwork at office desk, working through finances, using calculator and making notes in her notebook with pen

Planning for a 1031 exchange can seem intimidating. As with many areas of the tax code, understanding what the IRS allows and doesn't allow is not always crystal clear. Learn what closing costs and fees can be included in your 1031 exchange to maximize your tax advantage here.

View the full article: 1031 Exchange: What Investors Should Know About Closing Costs on The BiggerPockets Blog | Real Estate Investing & Personal Finance Advice. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

Pensive young woman looking through the window

You want to get started in real estate investing, but your local market seems tough. Is it time to look elsewhere for opportunities? Probably! If so, when and how should you start investing from afar? And in which other markets should you be looking? Here's some advice.

View the full article: Difficult Market? Here’s How to Begin Investing Elsewhere on The BiggerPockets Blog | Real Estate Investing & Personal Finance Advice. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

Valuing land for development can seem like a daunting task. Using the land residual technique, though, you'll be able to price land for your development project with ease (AND build in a profit margin so you know you'll invest wisely!).

View the full article: 5 Easy Steps to Value Land for Development (& Work in a Profit!) on The BiggerPockets Blog | Real Estate Investing & Personal Finance Advice. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

How do you launch a profitable business without taking on a ton of employees or dealing with brick-and-mortar retailers? Peter Awad, co-founder of Mission Meats, explains. He also offers useful insight into what makes a great (and terrible) partnership, how he overcame his inability to focus, and so much more.

View the full article: BiggerPockets Business Podcast 10: Building a 7-Figure Meat Snacks Company and Forming a Perfect Partnership with Peter Awad on The BiggerPockets Blog | Real Estate Investing & Personal Finance Advice. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

know-submarkets

Thinking about getting into mobile home investing? One of the first things you'll want to do is gauge the competition in your market. Is it easy pickings or cutthroat? Market conditions could mean the difference between the success and failure of your investing strategy. Here's how to figure it out!

View the full article: How to Gauge Mobile Home Buying Competition in Your Local Market on The BiggerPockets Blog | Real Estate Investing & Personal Finance Advice. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

proactive-property-manager

The common advice from many real estate investors is to hire a professional property manager to handle your investment properties from day one. I wholeheartedly disagree! Here's why doing it yourself—at least initially—is so incredibly valuable.

View the full article: Opinion: New Investors Should Absolutely Self-Manage Their Properties on The BiggerPockets Blog | Real Estate Investing & Personal Finance Advice. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

Young man with smartphone in hand sitting in cafe, texting

Yes, cold calling still works. Sure, there are plenty of fancy digital marketing tools and creative funnels designed to generate real estate leads today, but cold calling remains one of the best and most affordable tools at your disposal as an investor—depending on how you do it. Give these proven techniques a go.

View the full article: 5 Cold Calling Techniques That Really Work on The BiggerPockets Blog | Real Estate Investing & Personal Finance Advice. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

elements_tenants_want

Ever wonder why the tenants you've screened diligently STILL end up wrecking your rental, paying late, or just generally causing headaches? Maybe it's time to add some advanced screening techniques into your process.

View the full article: 7 Advanced Tenant Screening Tips (So You’re Not Fooled by Wolves in Sheep’s Clothing) on The BiggerPockets Blog | Real Estate Investing & Personal Finance Advice. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

Carol Scott has a successful real estate investing company that she runs with her husband, Jay. They have two children, live where they want, and enjoy life on their own terms—free from the stress of having a “real” job, a boss, and all the time constraints that come along with it. But it wasn’t always this way...

View the full article: BiggerPockets Money Podcast 79: Financial Freedom Through Decades of Hard Work and Hustle with Carol Scott on The BiggerPockets Blog | Real Estate Investing & Personal Finance Advice. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.