My Florida condo purchase made me rethink vacation home advice

People always say buying a place in a hot tourist spot is a smart move for steady rental cash. After owning a condo near Disney for three years, I spent more on fees and management than I made from guests. The weeks it sat empty between bookings were a constant stress. I've come to believe that putting your money into a regular home in your own town is a safer bet.

4 comments

4 Comments

ben_nguyen336h ago

Used to believe in those vacation home dreams. Your experience proves it's a money pit. I'm rethinking my own plans now.

rileygarcia6h ago

Figured renting it out would pay for itself, but it barely breaks even most months.

claire9995h ago

My cousin swore his grocery delivery side hustle was easy cash until he added up his gas and car repairs. Seems like every "passive income" plan has a bunch of hidden costs nobody talks about.

uma43012m ago

Yeah, those hidden costs are real. My buddy bought into a vending machine route and the repair bills ate all his profit.