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How is Your Vacation Rental Doing?

Prairie Eco-Thrifter

We paid around $200,000 in 2007 for the property with an extra amount for furnishings and a slip in a yet-to-be-built boat dock. If we had put that quarter of a million dollars into a tax exempt bond fund at the time, it would have earned around 4% in yearly income, or around $8000 – every year for the past 10 years.

Vacation 124
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Seven Retirement Lessons Learned

Prairie Eco-Thrifter

Hubby retired in July 2007. Remember to include taxes as an expense. This lets us see them enjoy the money, saves on death taxes and helps them out when they are young and poor. I’m retired! I have been since April 7, 2010. We found that we could afford it (Happy, happy days!). Lesson Two – Exit Smartly.