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Retirement and the Second Home

August 26, 2021
Buying a second home as rental property makes a great centerpiece to your retirement plan. It forces you to make regular savings in the form of mortgage payments that become your equity.
 
You only need cash for the down payment, and you should make sure that your monthly rental payments will cover the mortgage and any additional expenses. This is a real possibility if you buy the right house at the right price because a good single-family house should always stay rented. Your investment money is subject to less income tax, and the interest and property taxes may be deductible.
 
Housing has appreciated in value all over the country in recent years, making a second home an important hedge against inflation. Most experts predict that interest rates for fixed-rate and adjustable mortgages should remain in single digits for the foreseeable future, so it should be easy to acquire financing with a small down payment.
 
Use an agent that utilizes the latest integrated marketing techniques to feature your property to an ideal target audience. 
 

To Learn More, Contact Bill Cullin Today.

Call or text Bill Cullin at 302-841-7147 today!

Bill Cullin, REALTOR®

Your Real Estate Source at the Delaware Beaches

Email: Bill.Cullin@LNF.com

Websites:
www.DelawareBeachRE.com
www.TheHenlopen.com

Direct: 302-841-7147
Office: 302-227-2541
Toll Free: 1-800-462-3224, ext. 117
Fax: 302-227-8165

Long & Foster Real Estate, Inc.
37156 Rehoboth Avenue Ext, Suite 5
Rehoboth Beach, Delaware 19971

 

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