Investing in a cottage Purchase?
I’m looking to purchase a home, as a rental and to use periodically like a couple weeks of summer.
Normally, I‘m Aggressive on real estate, having two Rental condos in Toronto (1 completed, 1 closing in 4 years) Along with my primary residence. Considering a cottage is $1 million plus in the Muskoka region, with prices continuing to go up. Leveraging to buy such a property would make sense financially to me, Considering I know the rental demand is strong and can be used for our own enjoyment.
Any thoughts or feedback would be appreciated, OK? Any personal experiences? Or any thoughts on such decisions?