A Second Home and Real Estate - Investing in a Second Home - Internal Revenue Code 121 and Second Homes
GMAC Real Estate

Articles & Resources

Specialty Real Estate

Real Estate Calculators

Room Planner

Internal Revenue Code 121 and Second Homes

Takeaways

  • Get into a rentable temporary second home.
  • Let your tenants help pay down the mortgage.
  • Use the experience to continue investing in real estate

Did you know?

  • Investment second homes can be traded through a 1031 exchange.
A temporary second home is only the first step. Real estate has long been considered a great long-term investment, and a second home is great way to get into the action. After making the plunge into a second home you want to maximize the value of that investment. Review the topics in this section to learn more about how to get started in investing in second homes, and protecting your second home investment.

For even more information relating to second home investing, explore Second Home Rentals, Second Homes and Taxes, and Second Homes and Retirement.

Search for Second Homes for Sale

To search for a selection of second homes for sale, please visit lifestylehomesearch.com, or visit the website of a GMAC Real Estate Office that serves the area where you'd like to buy a second home. To learn more about buying Second Homes or Vacation Homes, explore the rest of this section, or contact a GMAC Real Estate Agent.