St. John Podcast #31: So you want to own a villa

So you want to own a villa, part 1

Many people dream of having a villa on St., John.  And they figure that if they put it on the rental market, maybe - just maybe - it'll breakeven.  They'll have free vacations, appreciation, and no cash out of pocket.

Right.  I did say "dream", didn't I?

Now, some people can make such a deal work.  The big "gotcha" is mortgage payments.  But for Bob Faucett, the owner of the three-bedroom house Sundancer in Fish Bay, the dream has come true. 

In a conversation, Faucett explained how his first smart move was what's called in retail, "buying right."  He purchased the property in 1998, when the average home price was about $450,000.  Then he made some other smart moves, which he reveals in this first part of the conversation.

Links:  Sundancer.com, BlueTang.vi, newsofstjohn.com