What are the concerns when buying a new primary home, and keeping other as 2nd residence?

Tips and Deals Forums Home Insurance What are the concerns when buying a new primary home, and keeping other as 2nd residence?

This topic contains 0 replies, has 1 voice, and was last updated by  Anonymous 6 years, 9 months ago.

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    Anonymous

    I own a 2bd/ba condo in a ski town. I bought it in Feb of 2005. Because of circumstances way beyond my control, I have to move away, perhaps indefinitely.
    It is possible that I will return in a year, or find that over the next 12 months I have to sell. At this stage, the investment is increasing at 7% a year. I expect that trend will continue for the next 15 years, or longer.
    If I buy another home, what concerns should I consider, ie taxes, second-home owner, rent out the 1st place, etc.
    I will also be moving out-of-state which I know changes some tax or something… From Colorado to Wisconsin

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