second home

October 6, 2017

Vacation Home or Income-Producing Investment?

By Andrew Beattie for Investopedia.com The American Dream has undergone a fair amount of change over the last 50 years. It has expanded to include being able to buy a second home — a vacation home. These are the cottages on the lakeside, the cabins in the mountains and the huts on the beach that all sit empty 90% of the year while their owners are banking time for the next vacation — and footing the bill for the mortgage and property taxes. There is, of course, an alternative to letting your cottage collect dust during the down time. You […]