What better place is there than the Caribbean for a wonderful vacation in paradise that you will never forget? But what about actually moving to the Caribbean, or at the very least purchasing a vacation property or second home there? And what about purchasing a property that you can rent out when you are not using it for yourself?
There are certain island locations in the Caribbean that are best for purchasing a property that you can then rent out to supplement your income, and some of them are listed below.
Anguilla
Anguilla is located to the east of the British Virgin Islands and Puerto Rico, as well as to the north of the French West Indies. The people who live on the island tend to live quite long, so it provides healthy food, clean water and air, and plenty of outdoor activities that make getting some much-needed exercise easy. With all of the amenities and beauty that this island has to offer, it is no wonder that vacationers love it, too, so it will be easy to purchase a rental property that will make you a lot of extra money.
The Bahamas
The Bahamas are a chain of islands located conveniently close to Florida, making them really easy to get to, and making them a popular spot for tourists who want a tropical island destination while cruising. With several different islands to choose from, you can work with a realtor to find the ideal rental property, such as the luxury beachfront properties that are available through One Cable Beach.
St. Thomas
Yet another gorgeous island in the Caribbean is St. Thomas. With its pristine air, lovely beaches, friendly locals, and shops, it is a prime tourist destination, as well as a popular cruise destination. Plus, because it is located so close to St. John, many people who stay in St. Thomas have the added convenience of island hopping to see even more of what the Caribbean has to offer.
Aruba
The motto of Aruba is "One Happy Island," and once you are there, you will quickly realize why. There is a thriving tourist industry there, and the residents are also quite prosperous as well, so you can purchase a rental property that you can enjoy whenever you need a getaway, and use it to supplement your income when you are back at home.
With over 1.5 million people visiting the island every year, the services industry makes up 66% of the island's GDP, and the low crime rate of this island is also an attractive feature for property buyers and visitors alike. Plus, you need not worry about your rental property succumbing to natural disasters because Aruba is conveniently located beneath the hurricane belt, keeping it safe.
With so many amazing islands to visit or set roots in throughout the Caribbean, there is no reason why you shouldn't be able to invest in a great rental property and use it to earn some extra money without even trying all that hard.
