A Second Home and Real Estate - Renting a Second Home
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Renting a Second Home

Takeaways

  • There are four basic types of 1031 exchange.
  • A delayed exchange doesn't change the 180-day replacement deadline on the trade.
  • Only get into a reverse exchange if circumstances demand that option.

Did you know?

  • Before the 1031 exchange a straight swap of titles was the only real property "trade" option.
Many second homes generate income through rentals, and becoming a landlord is the purpose of buying investment second homes. Browse these articles for ideas on maximizing your rental and to learn about tax considerations that specifically apply to investment real estate.

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.