Looking at purchasing an RV

Optimistic Paranoid wrote:

Okichewy1 wrote:
I at least have 3 more years before we even purchase, but want to make sure we are doing the right thing. Me personally, I wanted to purchase a 2nd home on The Big Island, HI since I have found some for less than 200k. But the wife wants an RV.

Any way you could swing buying the home in Hawaii and turning it into a rental property? Done right, this would give you an APPRECIATING property to offset the depreciating motor home, and one that the rent could cover the mortgage and property tax costs. Maybe you could rent it to a military officer assigned to Hawaii, I would assume they would be a better class of renters, which is the one big problem with being a landlord.

Understand that you need an exit strategy. Your motor home will be depreciating, and sooner or later you will either get tired of being on the road, or you or your wife will get too old or ill to continue living in a motor home.

You've got time. Was I you, I would be exploring something like this with a certified financial planner to figure out all the angles.