Purchasing an investment property in a mountain resort can be both exciting and daunting. Before taking the plunge, it’s important to consider all the factors involved. Here’s what you should know before purchasing an investment property in Big Bear Mountain Resort. 

First, familiarize yourself with the area. Big Bear has been a popular destination for skiing and snowboarding, however, it is also home to a range of summer activities such as fishing, camping, hiking, biking, and more. Knowing the area’s climate, top attractions, and potential rental demands can help when considering different properties.

Second, understand the local real estate market. Research market trends, consider various areas, neighborhoods, and types of housing, and take into consideration the distance from amenities like shopping and public transportation.

Third, respecting the environment is key. The mountain resort is known for its beautiful natural setting, so look for homes that are energy efficient, sustainable, and adhere to relevant regulations.

Fourth, rental income is important. Understand the rental market and research your projected return on income. Consider taxes, insurance, care costs for tenants, and more.

Fifth, be prepared for some unexpected costs. Depending on the condition of the property, there may be additional renovation costs or other expenses needed. It’s important to factor these costs into the budget and be sure to have a little padding in the budget for unexpected surprises. Lastly, be sure to have a plan for the long-term maintenance and upkeep of the property.

Finally, seek professional help. An experienced real estate agent or financial adviser can provide valuable insight and knowledge to help you navigate the great adventure of investing in a mountain resort property. Over my decades in business here I've been proud to assist many satisfied clients through the highways and byways of purchasing a Big Bear investment property, both residential and commercial. I'd be honored to assist you as well.