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Follow on Google News | Waterfront Vacation Rental Homes make the Best InvestmentBy: Jan Werner Savvy property investors know and abide by one ever-present fact--they purchase vacation rental homes in locations where people arrive as destination tourists. This holds true to the age-old real estate adage of the three largest factors in a property’s value being “location, location, location. ” No matter how many features and updates a home might have, if it isn’t located in a great, thriving, and often visited location, like Lake Gaston, North Carolina, it will never command a high rent, low vacancy rate. Income properties are great long-term investments for individuals and families wanting to expand their portfolio and be put on-track to increase their wealth. Such investments become substantial assets, gaining higher property value with increased equity. Experienced real estate investors commonly use these types of properties as leverage collateral for other purchases. A common hesitation is the entry price, which is higher than purchasing a vacation rental property in a less traveled area. However, the return is considerably higher, what’s more, rental rates are also higher while vacancy periods are short and irregular. End
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