second home: What effect will the new 1031 ruling have on vacation rentals? - 03/01/08 09:45 PM
The IRS recently issued a ruling that will force second home owners to rent their properties if they want to sell and do a 1031 tax deferred exchange into another property. With two years of rentals and only 14 days or less of owner use per year, they will be able … (16 comments)
second home: What makes a house a vacation home? - 05/24/07 11:51 PM
In Summit County Colorado, most of our homes are vacation homes. The ideal vacation home has a big garage, but not because you have lots of cars parked in it. You need a place to store your skis, your snowmobile, the bikes and your raft. Oh yeah, and the canoe and the … (2 comments)
second home: Vacation home sales up nationwide - 05/02/07 11:48 PM
The National Association of Realtors lumps investment homes and vacation homes together into one category called second homes. The latest report shows that second home sales in 2006 were only 36% of all residential sales compared to 40% of all sales in 2005. However, when the category is broken down, one can see … (0 comments)
second home: Easy referrals you are probably missing - 04/20/07 10:55 PM
Have you ever asked one of your clients if they have thought about buying a second home? Not just a rental property, but a vacation home at the beach or mountains. If your clients are baby boomers and they live in a nice house, chances are they already have a second home or they … (10 comments)
second home: Tips to make a vacation home pay for itself. - 04/19/07 11:36 PM
I own a condo at Copper Mountain, Colorado. It is just a little one bedroom condo and I try to rent the heck out of it. It is about 8 miles from my primary home, so I don't use it myself. I have four major ski areas within 20 minutes of … (3 comments)
second home: Where is the hottest spot for second homes? - 04/18/07 12:26 AM
In Summit County, it is Breckenridge. Although if Frisco had more residential units it might be a close second. The average sale is priced 16% higher than it was this time last year, but we have 15% less sales. It is the old law of supply and demand. We only have … (1 comments)
second home: No blog entries.....why not? - 04/18/07 12:03 AM
My other blog is my main blog, where I post several times a week. There I write about everything to do with Summit County real estate. I live in the mountains of Colorado, surrounded by ski resorts in the winter and wildflowers in the summer. Oh yeah, and a few tourists here and there. My … (9 comments)
The Colorado mountains, real estate, ski resorts, lifestyle and vacation homes is my focus. We talk about buying and selling ski condos in Breckenridge, Keystone and Copper Mountain. Homes and land in Frisco, Dillon and Silverthorne are also in our market area
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The IRS recently issued a ruling that will force second home owners to rent their properties if they want to sell and do a 1031 tax deferred exchange into another property. With two years of rentals and only 14 days or less of owner use per year, they will be able … (16 comments)
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