Baby Boomers - Five Reasons to Buy Vacation Property

1. Value: Buy low - Sell high! Sounds easy, right?your friends can hang out at the pool all day?
So, why not take advantage of today's lowerMaybe you like to fish in fresh water lakes and
property values? Real estate values have droppedwould like to own your very own cabin. Whatever
significantly making it more affordable for buyers.your hobbies are, make sure you choose the
With the market being flourished with homes forlocation that's right for you! Imagine, having
sale, it is a great time to make offers to homessomeone else pay your expenses while you get
with great values. The same applies to vacationto use it whenever you choose.
properties. The choice is yours.5. Age: Now is the time to reflect and a time for
2. Income: Buying a vacation property will giveplanning. When can I retire? What can I do to
you the opportunity to generate cash flow whichcreate a cash flow to supplement my income
is something most retirees are looking for whenwhen I retire? How do I maintain the life style I
they no longer have salaries.have become accustom? This could be a great
3. Equity: While collecting rental income from yourtime to purchase a vacation home, use it for
vacation property, your equity over timeseveral years and when the time is right, sell it
(historically proven) will continue to grow. That isfor a profit. Thus, giving you a nice lump sum to
of course, if you pay the right purchase price. Beadd to your retirement fund. As with any financial
careful not to over pay for your property. Withmatter, always talk to your financial advisor and
today's prices, you may be able to get a realor tax consultant before making major decisions.
bargain.We all talk about what we would like to do when
4. Pleasure: Wouldn't it be fun to own a condo onwe retire. It can happen if you plan for it. Design
a golf course so you could play golf every day?your plan today and make your dream a reality.
Or how about on your favorite beach so you and