Real estate is fast becoming one of the top investments for Americans, and if you’re contemplating the pros and cons of investing in a second house, you may have a lot of fears and worries that could potentially keep you from following through on your dreams. We at Sunset Realty Services understand, and when you choose to start the hunt, we want you to be completely informed on what to expect from your second house investment. We have compiled this list of things you probably didn’t know to expect when you make that second Branson real estate investment.
If you are considering purchasing it as a vacation rental property, but also want to spend some time there yourself, it’s ok, even if you use a property management company. Simply arrange ahead of time to have the days you think you may be headed there blocked, and if you want to make an unscheduled trip, check to see if
While there are many programs and options available to people buying their first home, when you purchase a second house, more than likely you will need to invest 20 percent of the purchase price as a down payment, so plan accordingly.
If you rent your house out for less than 15 days a year, you don’t have to pay taxes on the income, but you also can’t deduct any expenses that you incur in
They’ve been out partying until the clubs close and can’t find their key, that storm knocked a branch through the window and it’s raining in, or the hot water heater has decided to turn your utility area into a small pond. Unexpected adventures happen no matter how diligent a property owner you are, and if you don’t live close to the unit, you need an alternate plan to help deal with the problem immediately; vacation property management companies can be the solution!
Although you may think you are saving money by purchasing a For Sale By Owner (FSBO) and foregoing realtor expenses, the reality is you may be hurting yourself in the long run. Local