Buying and owning a second home brings expenses extra to that of owning a primary residence. Review list of expenses from second home ownership so you can budget accordingly.
Real Estate Investing
Understand the basic IRS Tax Rules For A Second Home before you purchase. Owning a second home is a great opportunity, but you need to know how the IRS will treat your actions.
Learn the benefits of working with the right property management company if you own a real estate investment property or if you are a renter.
Fannie Mae, as of March 2009 will allow a real estate investor to finance investment property up to ten properties provide the investor meet certain credit, income and asset requirements. Real estate markets should see a boost in activity with this underwriting guideline change.
Buying a second home or a residential investment property in Maricopa County or Pinal County Arizona if you are non resident alien Canadian requires research and knowledge regarding implications for property tax, sales tax, transfer taxes, US Capital Gains Tax, taxes on rental income, financing options, and the real estate transaction.
For the right reasons Timesshares can be a good deal. Buying into a timeshare for vacationing purposes is one very good reason to get one. Buying into a timeshare for investment purposes is not such a good idea.
Buying a Pre-Foreclosure or a Foreclosed Home is a great way to get a good real estate deal. As a real estate buyer use Investment Strategies like Fix and Flip, Buy and Occupy, Buy and Hold As A Rental. Knowing the right Investment Strategy helps in your buying decisions.
Real estate investing can be expensive to learn if you make mistakes. Undoubtedly you will, but with educational sources everywhere this is little excuse in minimizing your losses. With the vast resources available, real estate investing can be a lucrative way to make money.