After years of working, many retirees dream of having a vacation home. A beautiful home in the mountains or by the sea would be a perfect retreat. But there are a few steps involved before buying a second/vacation home. It is important to think carefully about the project. It is a significant investment and most retirees live on a "fixed" income.
Investing in Sarasota Florida Real Estate -lucrative and rewarding – only if done right. “My problem lies in reconciling my gross habits with my net income.” Errol Flynn (1909 – 1959) Let’s start with a definition of ‘Investment Property’ first: “A real estate property that has been purchased to earn a return on the investment (purchase), either through rent (income), the future resale of the property (appreciation), or both. An investment property can be a long-term endeavor, such as an apartment building, or an intended short-term investment in the case of flipping (where […]