- Self-Directed IRAs
- Other Tax-Advantaged Accounts
- Self-Directed Investment Options
- How to Get Started
- The Equity Trust Advantage
- Resources for Individual Investors
- Specialized Custody Solutions
- Custodial Accounts
- Alternative Investments
- Innovation & Technology
- Resources for Investments
- About Us
The resort area of Bear Lake, which spans from Idaho south over the Utah border, is sometimes referred to as “the Caribbean of the Rockies” due to its crystal blue waters. It’s a popular warm-weather destination for water recreation, camping, and more, and attracts skiers, snowboarders, and ice fishers in the winter months.
Utah resident Colin lives a few hours from the spot and owns a vacation home in the area. He heard about an acre of land on the market and saw the investment potential – possibly as a rental property for passive income.
“From past experience, I know that there is a hot rental market for cabins or campgrounds during the warm weather in the area,” Colin says, adding, “A friend of mine built a cabin and is financing its construction through seasonal rental of the property.”