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Reply to "Second home as an investment property - worth the stretch?"
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[quote=Anonymous]we have one, but we use it one month a year and close it one month a year for a refresh. House has tripled in value and after all expenses we net 42k/yr, which we have invested in the market ins. taxable account. we are planning on a 1031 exchange in 5 years when our youngest graduates college for a true retirement home that will have no mortgage, allowing us to pocket all the profits from our primary home when we sell. it’s been an excellent investment. [/quote]
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