Are you interested in buying second home? You may be wondering how to go about buying a second home. Whether you’re looking to buy a second home as a vacation property for summers/winters, or looking for an investment property to rent out. You need to be aware of the ins & outs.

Here are some key topics you need to consider:

• Financing - Typically, you cannot obtain a government loan unless this will be your primary residence. Conventional mortgagees will often have a large down payment criteria.
• Tax Benefits - A second home or investment property does come with some tax deduction benefits that a qualified tax consultant can fill you in on.
• Property Tax - Depending on the state and which property you spend more time in, there can be advantages & disadvantages based on current tax laws.
• Planning to rent out? Let us guide you on issues you may not have considered such as short term vs long term rentals, property management, sales tax that may apply & registration that may be required for your rental property.

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