Vacation Rental Ownership

From: <BobWo@aol.com>
Subject: Vacation Rental Ownership
Date: Mon, 10 Aug 1998 19:46:08 EDT

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>  Subject: Real Estate
>  
>  I am considering buying a beach-condominium as rental/investment 
>  property. I've never owned a house at all before, what are the best
>  references to learn about the ins and outs?
>  
>  The cash flow is negative by approx $100 per month, but the prices have  
>  been climbing fast in these developments for several years, and they will
>  make ideal retirement homes for aging baby-boomers (pool, beach, golf,
>  tennis).
>  
>  Appreciate any input
>  
>  Scott Mabel

Aloha Scott,

Three years ago we bought a small condo in Kihei, Maui, Hawaii. We are
very pleased with the condo. We live in Maui at the condo four months a year.
We did not realize that we would enjoy coming back to our own place as much
as we do. 

When we are not at the condo we rent it out for $60.00 a night in the summer
and $80.00 a night in the winter. We have been very successful with our rental
program, but we do work at it on the web.

Our best teacher has been just doing it and talking to other, similar condo
owners. Please e-mail if you would like to discuss further.

Bob



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