Your Investment Property Guide: Adding A Home To Your Investment Portfolio
Your Investment Property Guide: Adding A Home To Your Investment Portfolio
Since real estate — like the stock market — tends to ride out its up and downs well, providing good long-term results, record numbers of people have been buying second properties as investments. Purchases have risen 25% over the last five years to $50 billion and are expected to reach $150 billion by 2005. In fact, forecasters expect Americans to purchase 3.6 million second homes over the next 10 years. That’s about 1,000 a day! While the majority of all second homes are used for recreation, a b