Sale of house proceeds have us considering investment options. Thinking about buying a beach (or slightly off-beach) home on the SC or NC coast to use as vacation rental. Would have realtor manage things and don’t intend to use it for ourselves much, if at all.
Properties stay rented late spring to early fall pretty reliably. We especially like Oak Island but exact location
TBD.
Anyone done this? Idea would be to have a reasonable mortgage, probably 50% of value. Trying to build an income foundation as planning for retirement.
Appreciate any insights or ideas.