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11 Things I learned After Owning a Vacation Property

Prairie Eco-Thrifter

My sister-in-law and her husband had one that they used and rented out and indicated that it was doing well. I wanted a place for our family to gather – adult children and grandchildren along with us. To top it off, she owned one of the units; and her brother owned another. This really took a bite out of our income.

Vacation 100
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What Can Go Wrong – Naming a Beneficiary

Prairie Eco-Thrifter

Since you are single, you make your Mom and Dad or your brother or sister your beneficiary. Grandchildren inherit but can’t get use of the money. Maybe you left a chuck of money to your ‘surviving grandchildren’ and they are not yet 18.