No. of Recommendations: 0

Last year, Kelley and Jeff Barton bought their first vacation retreat in Mammoth Lakes, Calif., a ski-resort area about 350 miles from their home in Seal Beach, Calif.

At $200,000, the condo unit was a bargain considering it had been priced at more than $400,000 in the past, says Ms. Barton, 52. Plus, since the couple rent out the home when the family isn't using it, they're able to cover their mortgage payments and all their expenses -- and make a profit.

Lately, more people are wondering if the market is ripe for turning the dream of owning a vacation retreat into a reality.

Even though we are very specific on our requirements, I have been finding many interesting properties available at prices I'm willing to pay. N GA in particular is very cheap right now. Not all properties are yet listed to reflect the current market, but if you do your research you can find bargains.

We just had an inspection of a property we are under contract for in VA, now waiting for it to pass the appraisal hurdle.

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.