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Vacation Home Fever: What You Need To Consider Before Buying a Second Home
Manage episode 430546261 series 3561532
In this week's episode of Last Paycheck Podcast, financial planners Rob and Archie Hoxton talk about the enticing yet complex decision of buying a vacation home. Rob initiates the conversation, reflecting on the appeal of owning a second home in a favorite vacation spot.
They discuss the dreams versus realities of such an investment, emphasizing that while a second home can enhance your lifestyle and bring family together, it also involves significant financial and non-financial considerations. They cover key aspects such as financing, property taxes, insurance, and the pitfalls of relying on rental income to afford the property. They also caution against emotional decisions made during a vacation.
If you'd like to chat with Rob or Archie further, please schedule a consultation: https://calendly.com/archiehoxton/last-paycheck-consultation
Call or text Hoxton Planning & Management: +1 (304) 876-2619 and visit their website www.hoxtonpm.com
Watch on YouTube: https://youtu.be/Npgtb3De_8w
Listen in on conversations with Certified Financial Planners Archie and Rob Hoxton as they share weekly wisdom to help you retire and stay retired. Have you ever wondered what it will feel like when you get your last paycheck? Whether it’s excitement, anxiety, or anything in between, this show is for you.
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