Four Reasons Buying a Vacation Property is a Savvy Investment
Looking to buy a vacation home? There are many benefits of this type of investment. Keep reading to find out how you can reap the rewards that come with a second home.
Mortgage-Interest Tax Deduction
Whether you rent it out or not, you can deduct the mortgage interest as long as you use the home more than 14 days or more than 10 percent of the number of days the home is rented annually at a fair rental—whichever is longer.
Qualified second homes include houses, condominiums, cooperatives, mobile homes, house t... Read More
|