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Investment Real Estate >The Right Time to Buy
Are you waiting for "just the right time" to get into the real estate market? The signs indicate that there is no time like the present. Interest rates are still comparatively low and buyers are shopping for new and second homes in great numbers.
Vacation homes are very popular for investment purposes and personal enjoyment. You can use your vacation home as a getaway property now, and by the time you retire you will have paid a significant amount on the loan. If you live in a vacation home for 14 days a year or less, you can take depreciation on it.
Another important benefit is that tax deductions in the form of interest and property taxes help to offset the cost of paying for a second home. If the debt does not exceed $1 million, mortgage interest payments on principal residences and second or vacation homes are fully deductible for tax purposes.
Don't waste valuable time while interest rates creep upwards -- all you need is the right real estate agent to guide you!
The Levy Team RE/MAX Allegiance Realtors 1720 Wisconsin Avenue NW Washington, DC 20007 Office: 202-364-1515 Toll-Free: 800-880-8583 Fax: 202-726-2418 Email: levyteam@NUMBER1EXPERT.com Information: info@levyteam.com
The Levy Team consists of three experienced full time Realtors(R) plus support staff and a host of skilled workmen and allied professionals. As Top Real Estate Agents serving the entire Washington DC Metro area - from Northern Virginia to Baltimore, MD including Columbia Heights, 16th Street Heights, Silver Spring, and Takoma Park real estate market - Ellen and Barry Levy and Reverend Grace Caputo offer you an impressive array of resources for ALL of your real estate related needs. We truly mean it when we say "One call does it all."
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