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Investment Real Estate >The Right Time to Buy

Are you waiting for "just the right time" to get into the real estate market? The signs indicate that there is no time like the present. Interest rates are still comparatively low and buyers are shopping for new and second homes in great numbers.

Vacation homes are very popular for investment purposes and personal enjoyment. You can use your vacation home as a getaway property now, and by the time you retire you will have paid a significant amount on the loan. If you live in a vacation home for 14 days a year or less, you can take depreciation on it.

Another important benefit is that tax deductions in the form of interest and property taxes help to offset the cost of paying for a second home. If the debt does not exceed $1 million, mortgage interest payments on principal residences and second or vacation homes are fully deductible for tax purposes.

Don't waste valuable time while interest rates creep upwards -- all you need is the right real estate agent to guide you!

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Q	What land did the U.S. Government buy for $7.2 million?
A	The U.S. bought all of Russian America (Alaska) from the Russian Czar in March 1867.
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The Lani Damm Team, REALTORŽ, real estate agents and broker for Colorado Springs, Monument and Woodland Park Colorado home listings, property and land for sale - NUMBER1EXPERT(tm)

The Lani Damm Team
ReMax Properties, Inc.
2630 Tenderfoot Hill St., Suite 100
Colorado Springs, CO 80906
Tel: 719-330-2333
Tel: 719-226-9150
Fax: 719-576-1746
Email: lani.damm@wesellmore.net
Lani Damm received her Bachelor of Science Degree from the University of Nebraska, has a Colorado Teacher's Certification, and is a graduate of the Jones College of Real Estate. She taught in the Colorado Springs schools for many years before becoming a licensed Colorado Broker Associate. She is now working for one of Colorado Springs' most prestigious and productive real estate agencies, ReMax Properties, Inc. and has excelled as one of the agency's top producers during the last five years.

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