Comments on: Vacation Home Status Clarified by IRS

By: North Georgia Cabin Rentals

North Georgia Cabin Rentals — Sun, 23 Mar 2008 13:59:54 +0000

I think many of these foreclosures in resort areas will become vacation homes and I think may choose to be vacation rentals and use the 1031 option on taxes. But I think most will just become second homes.

By: Kathleen

Kathleen — Sat, 22 Mar 2008 22:03:09 +0000

That sounds interesting. If you find that blog again, please post the link here!

By: Vacation Home Rentals In Florida

Vacation Home Rentals In Florida — Sat, 22 Mar 2008 14:38:04 +0000

You be surprised how much it takes to invest. I read a blog one day on investing and stated there are 160 ways to invest and only 3 are using cash. Gives you something to ponder when we all see great deals out there and wonder if this might be out way to make a little investment for our future benefit.

By: Kathleen

Kathleen — Fri, 21 Mar 2008 21:19:53 +0000

I wish I had the problem of making that decision!

By: Vacation Home Rentals In Florida

Vacation Home Rentals In Florida — Fri, 21 Mar 2008 13:57:28 +0000

Many may be having trouble getting an investment loan and not liking the interest rates and may just choose to buy a vacation home for themselves and not rent it out.

By: Kathleen

Kathleen — Thu, 20 Mar 2008 22:54:37 +0000

Hello Jaxson,

I agree – knowing how to justify a 2nd home as an investment would be a great skill to have. A simple way to illustrate that might even be a good “irrestible offer”, too!

Kathleen

By: Jaxson Smith

Jaxson Smith — Thu, 20 Mar 2008 20:53:35 +0000

Great article, I love tax breaks and that would be a great incentive to sell with. Jaxson Smith - To learn more about Vernal Real Estate opportunities.

By: North Georgia Cabin Rentals

North Georgia Cabin Rentals — Thu, 20 Mar 2008 13:27:39 +0000

Another great reason to invest in a vacation rental house or condo. Tax breaks are a welcome addition to low interest rates and discounted property.

By: North GA Land For Sale

North GA Land For Sale — Wed, 19 Mar 2008 13:10:50 +0000

Interesting comment on raising the capital gains tax after next election. Time will tell! I think many are buying vacation homes for themselves and second homes.

By: Jacksonville Real Estate

Jacksonville Real Estate — Tue, 18 Mar 2008 14:53:47 +0000

I read in an article that less people are doing 1031 exchanges because they are concerned that Democrats might roll back the capital gains tax to the older, higher limit after the next election. So the investors rather pay less capital gains now then in the future when they would eventually sell.

Unfortunately, I can’t find the article. I think it was in the Wall Street Journal.