Lil Miller-Fox had heard about a less cumbersome way to invest her retirement savings into a house or other rental property. But the co-founder of a popular web site that helps people identify future retirement property never knew of anyone who actually did so.
We hear these words spoken more frequently as people shift towards wanting to live more sustainably on the planet and help take better care of Mother Nature. How can one tell the difference between a truly green community offering a sustainable way of life, and slick marketing that is mostly “greenwashing”?
There's a whole other world of master-planned communities that often go unnoticed by even the most savvy second home seeker. Buyers from all over America can miss these opportunities because they often do not appear on public multiple listing service (MLS) databases sorted by zip code, price point and other search terms designed to appeal to a wider variety of shoppers.
A few years away from retirement but still not quite ready to pull the trigger and buy a place in paradise? Maybe you're eager to buy but not interested in moving just yet? Then you might want to take advantage of a little-known opportunity to buy now and occupy later. It's not common knowledge, but builders in many amenity-laden destination properties are willing to sell their model homes and lease them back from their buyers for anywhere from a few months to ...
Uncle Sam offers taxpayers plenty of ways to reduce the cost of owning a beach front house at the shore or a cabin in the woods. Here is a basic primer on the tax aspects of vacation home ownership. While it is intended solely for information purposes, it will give you a good idea of what's deductible and what's not. For more detailed information, be sure to consult professional tax counsel.
In the world of fractional real estate ownership, nothing could be more, err, fractured. There are so many forms of ownership that it's extremely difficult for potential purchasers to get their arms around what they are actually buying - not to mention the advantages and disadvantages each one has to offer.
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State Tax Guides for Homebuyers
These handy guides are designed to help you understand taxes by State. Sales tax, personal income, real estate, vehicle, estate taxes and more are summarized in these free guides which you can print or download in PDF format.