Flip Tip Summary
Tom Bissmeyer joins us today to talk about why you should consider diversifying your investments and rental property portfolio with rental properties. It’s likely not something you’ve considered before…check it out!
Flip Tip Transcript:
Mike: Hey, it’s Mike Hambright from FlipNerd.com and we have a quick Expert Tip to share with you from Tom Bissmeyer who’s going to talk about the importance or the opportunity of diversifying your investments with vacation rental properties.
This Expert Tip is sponsored by RealtyMogul.com, B2R Finance, and AceBusinessFunding.com.
Tom: Thanks, Mike. One of the things I think that’s interesting as people look at the variety of classifications in real estate, typically the individual investor will focus on single family homes, duplexes, maybe in small apartment complexes. One of the things I’d like to encourage you to take a look at as well is vacation rental real estate. We have some of the greatest vacation destinations throughout North America, and there are so many great opportunities. The space has come alive.
Consumer awareness of vacation rentals has risen from the mid to upper teens over the last 5 to 7 years to now the mid 30%, 35, 36% consumer awareness. So people are looking for vacation rentals. We’re seeing increasing numbers of people. We’re seeing multi-generational vacations taking place, all of these dynamics. People are seeking alternative forms of hospitality when they vacation. Why not own a piece of that market through a vacation rental?
Mike: We’d like to thank Specialized IRA Services, National Real Estate Insurance Group, and VirtualStaffNow.com.
Please note, the views and opinions expressed by the individuals in this program do not necessarily reflect those of FlipNerd.com or any of its partners, advertisers, or affiliates. Please consult professionals before making any investment or tax decisions, as real estate investing can be risky.