Florida is one of the most popular destinations for tourists and seasonal residents the world over. With numerous theme parks, zoos, beaches, and consumer-friendly tax laws, Florida is an ideal place to invest in rental property. However, Florida's competitive real estate market can easily lead to potential buyers overextending themselves to acquire rentable properties. Because of the diversity of available properties, buyers seeking a vacation rental should look for property with year-round appeal.
Buy a Vacation Home With an IRA 1031 Exchange
Section 1031 of the Internal Revenue Code provides for the tax-deferred exchange of investment properties. That complicates the task of acquiring vacation property using such an exchange, but does not make it impossible. If you are planning such a 1031 exchange, do it with investment properties that you occasionally use yourself, under the careful guidance of real estate professionals.
Book an All-Inclusive Mardi Gras Vacation
One of the latest Mardi Gras vacation trends is the all-inclusive trip. This type of trip typically includes your airfare, hotel and amenities for one price, because travel planners develop close relationships with New Orleans hotels. You need to look at the value of an all-inclusive vacation before you book your trip. Does this Spark an idea?
House Sit for People on Vacation
House-sitting is a great way to escape your own life and try on a new home while somebody is on vacation. It's also a great way to make extra money and can be a lot of fun, if done responsibly. Read on to learn how to house sit for people on vacation.
Plan a Family Vacation in Alaska
For the experience of a lifetime, take a family vacation to a remote and untouched area in North America. A vacation to Alaska can be active and full of adventure, or peaceful and relaxing.