So, you’re on vacation, this week, enjoying the beach, and you think, boy, I should buy a second home. Rent it out, most of the time, to cover the mortgage, use it whenever I like, it’ll be great.
It can be.
A couple tips to remember, if you decide to do this – first, about how many nights you can rent out a place, and not report ANY income to the IRS; second, how to spend a couple weeks in a second home you rent out, all the time.
More information: Rent out vacation home, get tax-free cash – By Tom Kelly, Inman News, by way of The Boston Globe