Talk of The Villages Florida - View Single Post - Buying a home then renting it out
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Old 05-31-2008, 10:41 PM
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handieman handieman is offline
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Default Re: Buying a home then renting it out
We rented our villa part time while we worked our jobs up North. Used our villa the maximum number of times the IRS would let us before they strike some of the deductions. We bought right and furnished it as if it were ours to live in. The tax benefits were wonderful plus the rent absorbed some of the upfront costs. We had wonderful tenants and now that we are ready to move in ourselves, I have a list of callers wanting to rent mine or any home I suggest. I now assist others in the rental process and I can say there is no glut of nice rentals and no end of potential renters. The two go hand in hand. Don't be afraid to follow your dream. The Villages is a win-win situation for everyone
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