are vacation homes an investment?

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Where do I get information about finding a real estate attorney?

To find a real estate attorney, contact your local bar association, which may offer local referral services. You may also ask friends or your real estate agent for their recommendations. When you have several names, call each to find out about fees and their level of experience.

Contact Information

Jack Thomas

Montana Legacy Real Estate

2013 Cromwell Dixon Lane Suite C

Helena, MT, 59601

Office: 406-431-0599

Cell: 406-431-0599

Fax: 800-496-5705

hydro@bresnan.net

www.jackthomasrealestate.com

Lic. #: 15573

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are vacation homes an investment?

What do you think of a Helena area vacation home as an investment?

You can buy a vacation home today for investment purposes as well as enjoyment. And yes, there are tax benefits.
Some people buy a vacation home in the Helena area to use as a permanent retirement home later, which allows them to get ahead on their payments. Another benefit is that the interest and property taxes on a vacation home are tax-deductible.
Some real estate experts predict that vacation homes will appreciate in value due to rising demand from the aging Baby Boom generation.
You also can depreciate the property if you live in the house fewer than 14 days a year, or 10 percent of the number of rented days - whichever is greater.
You also need to consider whether you can afford to carry two mortgages, pay for the extra utilities and maintenance costs, and how this investment fits into your total personal finance picture.

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