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Vacation Home Rental and Ownership

By Leanne Paynter | 2:12 PM on Aug. 18, 2006 | Florida Real Estate Blog


Considering buying a second home? Read on.In recent years there has been a surge in the number of people purchasing a second home to be used as a vacation home.  The majority of vacation homes are located near lakes, ski resorts, or along coastal areas.  Some people have purchased second homes to be near other family members (especially children or grandchildren).  According to the reports I've read, this is in large part thanks to the baby-boomer generation and low interest rates. 


Buying a second home for many people sometimes means taking on a second mortgage and some opt to treat the vacation property as an investment by renting it out part of the year.  Dozens of websites dedicated to assist you in finding renters for your second home have popped up on the Internet.  Owning a vacation home does not come without additional responsibilities.  Below are links to some articles that go into further detail on the different aspects of buying or owning a second home: 


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re: Vacation Home Rental and Ownership

Posted by Bonnie Erickson at 11:23 PM, Aug. 29, 2006

What a timely article for me.  My husband and I have a second home and we had decided to sell until we considered the capital gains issue.  To be able to do a 1031 exchange, we intend to rent our vacation property for the next few years and then sell as an exchange.  I'm going to check out your links for hints and suggestions on renting your cabin!    Thanks for doing the research!  BE
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