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Advice for Buying a Second Home: Beach House – Coastal Living – Our expert shares tips and advice for buying a second home on the beach. Our expert tells you what you must know before buying at the beach.. So what looks like a bargain today may not turn out to be one a year from now, warns housing economist and consultant Thomas Lawler..

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Buying a Beach House: Things to Consider | LendingTree – But thanks to the new tax law, taxpayers may only deduct interest on mortgages up to $750,000 (down from $1.1 million prior to tax reform). Example: Say you take out a $500,000 mortgage to buy your primary residence, then take out a $200,000 mortgage to purchase a vacation home.

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The Beach Condo Rental Tax Write-Off? Not So Fast. – Even assuming its a rental property for part of the year the condo tax break option doesnt mean it will work out.. buying a beach house or condo with the intent of having a summer vacation spot.