ORLANDO, Fla. — Stirling Sotheby’s International Realty Second Home and Vacation Property Specialist Christopher S. Cain turned his 16-year experience of owning a seaside villa at Kiawah Island, S.C. into two popular self-help books — Maximize Your Resort Property Investment (1984) and Road Map to Your Vacation Property Dream (1998). Now Cain presents a new retirement strategy — investing in resort and vacation homes.
“Don’t just think IRAs, investments and savings,” Cain said. “Add some real estate to your retirement plan. Buy a vacation property at today’s low prices for a lifestyle strategy that will add fun, excitement, status and enjoyment as you wind down your career,” he said.
Cain said resort properties are great for family vacations, and if you rent your property when you’re not vacationing, it will help pay the mortgage.
“When you retire in five, 10 or 15 years, your retirement home is waiting for you,” Cain advised. “Simply stop renting it out and move in full time,” he said.
Cain isn’t alone with his strategy. According to a March 2011 National Association of Realtors survey, Investment and Vacation Home Buyers Survey 2011, 34 percent of vacation homeowners acquired their resort property to use as a principal residence in the future.
“Eighty percent of owners said now is a good time to invest in real estate,” said Cain. “Prices and interest rates are at record lows and that won’t continue forever,” he said.
Visit http://youtu.be/v8g7TPBPz0M to hear more from Cain on his strategy
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