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Specialty & Investment Property • June 27, 2024

Your Place to Stay – Second Home and Vacation Properties

by Dave Jensen

Have you ever thought of buying vacation properties?

 

Do you have a favorite vacation spot?  Or is there some town you visit often?

 

If you manage it right, vacation properties can pay for your vacation and may help lower your personal tax bill and help grow your wealth faster at the same time!

With the run up in our property values, homeowners are sitting on a sudden pile of useful equity in their homes.

For others, maybe you have spare funds that can be leveraged.  It’s good to explore how powerful that resource can be for you.

 

Maybe you got a big bonus recently?  Leverage that good fortune to increase your physical asset holdings.

 

A second home or several vacation properties can be a good fit for you.  When you go on vacation or visit a favorite place during a given season, you can stay in YOUR home.

 

Also, while you’re not using the place, put it out there as a short term rental.  Income plus appreciation and possibly lower your personal tax liability.

It’s not beyond your means, though it’s definitely worth your time to learn how this can benefit you and your family.

 

Ask your Realtor, CPA, and Estate Planner.  Together they can help you map out the path that works best for you.

 

Your money is sitting there on the table.  Grab it and put it to work.

 

Want more info?  Explore other informational articles on my quick reads blog. And contact me today.

 

Also, definitely check out my recent transactions – a mix of investment and residential properties.  It’s best to know the experience of folks you’re working with.

 

Dave Jensen

Broker Associate

SRS, ABR, RENE, CLHMS, RSPS

 

Mobile:       615-495-7531

Email:        dave.jensen@cbrealty.com

  • Residential
  • Vacation & Second Homes
  • Luxury Properties

 

Coldwell Banker Realty

The Woodlands, TX

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