SHOULD I BUY A VACATION HOME? SECOND HOMES, CABINS, AIRBNB, VRBO AND 1031 EXCHANGES
Posted by Mike Seebinger on
Should I Buy a Vacation Home? Second Homes, Cabins, Airbnb, VRBO and 1031 Exchanges
Owning a second property is one of those real estate decisions that can be equal parts financial and personal.
For some Minnesotans, the goal is a cabin within a few hours of the Twin Cities — a place to spend weekends, get out of the city, be near the water, ski, fish, hike, or simply have a place that feels completely different from home.
For others, the second property is farther away: Scottsdale, Florida, Palm Springs, or another warm-weather destination that becomes part of a winter routine.
And increasingly, I talk with people who want a property to do more than one thing. They want to use it themselves part of the year but also rent it through Airbnb…
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