Contact Information
Jim Signor Key Largo Realty, Inc. 99550 Overseas Hwy PO Box: 371214 Key Largo, Florida, 33037
Office: 305-451-2111 ext 301
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Should I buy a vacation home? |
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Should I buy a vacation home in Florida Keys including Key Largo, Tavernier, Islamorada, Marathon, Big Pine Key and Key West ?
Today a vacation home can be purchased for investment purposes as well as enjoyment. And yes, there are tax benefits.
Some people buy a vacation home in the Florida Keys including Key Largo, Tavernier, Islamorada, Marathon, Big Pine Key and Key West area with the idea of turning it into a permanent retirement home down the road, which puts them ahead on their payments. Another benefit is that the interest and property taxes are tax deductible, which helps to offset the cost of paying for a second home. A vacation home also can be depreciated if you live in it fewer than 14 days a year, or 10 percent of the rented days - whichever is greater.
Resources:
* "Real Estate Investing From A to Z," William Pivar, Probus Publishing, Chicago; 1993.
* "The Ultimate Language of Real Estate,'' John Reilly, Dearborn Financial Publishing, Chicago; 1993.
Questions about Florida Keys including Key Largo, Tavernier, Islamorada, Marathon, Big Pine Key and Key West Real Estate?
Ask us below or Call us Now at 305-451-2111
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Last Updated ( Thursday, 04 September 2008 )
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