No doubt, this has to be Airbnb as you want to rent out your real estate property only part time, i.e., when you are not using it as your own second home. Here’s the latest list of the top 25 places to invest in a vacation rental home from Portland, Oregon-based Vacasa, the largest vacation rental management company in North America. Previously, she worked in economic policy research and fundraising. What Kind of Airbnb Occupancy Rate Can You Expect? It’s located right in the middle of Los Angeles and Irvine, which puts it far enough away from the city and beach to avoid tourists, but close enough to visit anytime. To be honest, the situation is quite complicated. The name literally means “beautiful mountain” in French, and the name doesn’t disappoint. If you’re looking for second homes in Southern California, you’ve got a tough decision to make. Dallas Housing Market 2019: Is It Smart to Invest Here? Daniela is Marketing Director at Mashvisor. Our Top 25 Best Places to Buy a Vacation Home report was designed to help those actively in the market to buy a vacation rental home make an informed decision on where to purchase. Napa, California. What are the best places to buy a vacation home? The laid-back vibes and year-round sunshine set the scene for full days of paddle-boarding, surfing, or sailing down the Pacific coastline, with long evenings spent dancing and dining under the stars. However, it all depends on for how long you live in your own second home and for how long you rent it out to tenants. The third in the list of the best places to buy a vacation home in California according to Mashvisor’s rental property calculator is Coachella. Florida and the Great Smoky Mountains place well in Vacasa's survey of the best places in the U.S. to purchase a vacation home. To learn the answers to these important questions and many more, just keep reading. The location makes an ideal investment. If so, you should think about buying a vacation home. It is good news that Airbnb is still legal in California. ; 2. The area is still developing so there will be growth in the future. What does it take to become a real estate investor through a vacation home? An additional benefit is the fact that property prices are quite affordable. If you rent out your real estate property for 15 days or more per year and live there for up to 14 days, your own second home is considered a rental property and the rental expenses can be deducted from the taxes. Before discussing the best places to buy a vacation home in California, it’s important to clarify what the best rental strategy is for this kind of investment property. Because it’s an affluent area, you can charge higher rent and expect a higher quality of tenants. As the name suggests, this city is located in Orange County, surrounded by orange trees and beaches. Actually state legislators have not taken any major actions to facilitate or prevent the Airbnb rental strategy. This town is located a couple of hours from the beach in the mountainous region near San Bernardino county. 10. Sunny California holds many house hunters’ hearts, and it’s no mystery why. 10 Best And Most Underrated Spots For Buying A Vacation Home Log In Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. Browse 8,615 cheap houses for sale in California, priced up to $350,000. The vacation rental management website Vacasa studies the top 25 U.S. destinations to buy a vacation home, based on median home cost and capitalization rates (potential return on investment). If you rent out your vacation home for up to 14 days per year, it is still considered personal use, so you don’t have to report to the IRS. Tulsa, Oklahoma. 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