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||Scenario I - Second/Vaction Home
You can use your equity from your current home or perhaps tap your retirement plans to make a substantial down payment on a purchase of your new residence. If you need help, we can estimate the new monthly payments and the subsequent tax reductions based on your investment.
|Scenario II- Non Owner Occupied
Out of State
if your purchase is your intended last home or not.
You must really be cognizant of "Aging in Place" features of your home if it is planned to be your abode into your twilight years.
Our team is only licensed in Virginia, but we have a national network of SRES® professionals that we can refer you to for help with your purchase throughout the USA.
of the managing your property long distance is most likely necessary.
If you don't have a trusted friend or relative to manage your rental,
most Real Estate firms have a property management branch that can help.
The use of a tax deferred exchange might be beneficial.
If you are unfamiliar with the rules of the exchange we can overview them for you, or refer you to our accountant.