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You should always do due diligence before you spend your hard earned fortune on a real estate property. Part of doing due diligence is seeking out recent real estate market reports from unbiased sources and comparing the data with the information your local real estate agent tells you. Most real estate agencies publish their own market reports using their own…

Thanks to home exchange programs, seniors now have an opportunity to travel to their favorite destinations and experience those places as a local would. By staying in a private residence instead of a hotel, a traveler earns the freedom to interact with the host community as authentically as possible. They also end up spending very little on accommodation costs. While…

The main argument people have against the idea of owning a vacation property is that someone who buys a vacation property commits themselves to vacation in the same place every time. By vacationing at the same spot, critics say, the homeowners miss out on the novelty of travel. This line of thinking could have been correct 50 years ago. Today,…

One of the factors you should consider when scouting for a second home or vacation rental is the tax regime of the hosting state. Tax laws will determine if the mortgage interest on the home is deductible, how much in property taxes you end up paying, and if you rent out the place, how much of your rental income you…

If you in the market for a second home, you are probably wondering how you will make money off it when you are away. You actually can make decent money off your vacation home if you go about the endeavor the right way. As you would expect, the location of your property will be a key factor in whether or…

You can make a lot more money off a second home than the average owner of a second home does. The average owner of a second home rarely explores all the income generation opportunities available to them. They end up leaving a lot of money on the table in the process. Here are some creative ways to squeeze more money…