Owning a second home isn't for only the well healed who are concerned about financing their children´s college education, finding an alternative to languishing company 401K plans or individual IRAs in order to have a secure retirement, or simply for a way to attain additional monthly income. In fact, you may be surprised to learn that second homes are becoming mainstream all across the country, whether they're used for rental income or as vacation homes. Today, more than 10 million dwellings in this country are second or third homes and they account for better than 6 percent of residential sales. Three-quarters are considered vacation homes and the rest are investment properties or undeveloped land.

With all the equity that has been earned and often sitting in your primary residence, there would be no better use for it than to re-invest in a second home or an income property providing a nest egg for the retirement years. There is no better long term investment than Real property, be it a second home or invested into income producing property.