Factors to Consider Before Purchasing a Vacation Home

Before you buy a vacation home, you need to consider a number of factors, including whether it fits with your overall financial plan, how often you’ll use it and its potential as a rental property. In this podcast, Chad Burton, CFP®, reviews the ins and outs of buying vacation property, including the importance of working with your CPA to project the tax impact of buying property, determining if you can afford to take on another mortgage, and choosing the right location for your second home.

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