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Travel Discussion
Reply to "Where is your vacation house? Where would you get one?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Ok, let's make one thing clear: if you rent it out, it's not a "vacation house." It's an investment. If you "have a condo in Rehoboth" and "block out a week" for yourself, it's an investment. Got it?[/quote] I’m the pp. can’t it br both? All homes purchased are considered an investment aren’t they? We go one weekend a month approx year round, few days at Thanksgiving and Christmas. And yes block out a week in August. It’s both. [/quote] Nope. It's an investment property that you make personal use of on occasion. We've been there, and done that. If you have to have an "owner's closet" and can't leave your personal stuff out in the open and need to empty the fridge before you go, it's an investment property. [/quote]
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