OWNING A SECOND HOME

Locations makes a huge different where to land your next investment. The surrounding Dr Phillips area serves an abundance of homes, from condo's to single family homes. Disney theme parks, universal studios and sea world are minutes away for the whole family to enjoy. There are many benefits of owning a second home. The joy is showing your kids that they can do it too and see what they can enjoy as you and the whole family utilize it. This also helps you out by showing how to build your own self supported income producing wealth from this stream of income.

Of course you have to purchase the right property and the right time and price must be right. Generally you maintain the home maintenance just like you do your own and great to have knowledge of how this process works.

You have the option of hiring a worthy property manager to manage the property year round for you. Provided the price you bought the home at determines on your return on investment which is called (ROI) for short. This is the beginning of your wealth portfolio that has the ability to take you to your next level to help make another real estate purchase.

TAX WRITE OFF

Everyone is in a different tax bracket when it comes to filing taxes. Generally this will benefit the owner of the second home when it comes to filing your annual taxes. Your accountant can go into more detail on this regarding your tax profile and status.

It would also be great to have a financial advisor as well. Multiple streams of income is great, however real estate has a continual trend and long term upward consistency. So why not let your money work for you. 

VACATION HOME

You always have the option to use as a vacation in the Dr Phillips surrounding area each year or several times throughout the year. Just schedule accordingly around your vacationeers. Even your family members can rent the home out from you. While you are looking for a change of pace, this will definitely renew the atmosphere. So why not contact your superstar realtor today to find that perfect match for you and your family today. Trust your local home advisor Kevin Strawter at 850 496-6412 or email kevinstrawter@gmail.com to steer you in the right direction. Serving Dr Phillips and Central Florida. Click here to know more about Kevin Strawter /ABOUT-KEVIN-STRAWTER-P-A---MRP--GRI--ABR-6-14330.html