One thing very few people realize about the Poconos is that besides it being a great vacation destination, it has been an investment hot spot for decades.
Why is that? Well, historically there’s been no better investment as secure and as reliable over time as real estate. So people have invested in second homes here in the Poconos and not only made memories with family and friends, but made money as their investment increased in value over the years.
The truth is that people look for value when they invest in anything, including real estate. They invest in assets that are going to appreciate – grow in value over time, and they are looking for a return on that investment. That return does not just have to come when the investment is sold. Increasingly, more and more people are generating significant income from real estate while they own it. You can too.
A second or even third home in the Poconos, especially a chalet can build significant wealth and return value to you well beyond just a great place to vacation.
Here are 6 REASONS to consider investing in a new Pocono home today.
1. Values are increasing. Now’s the time to invest in order to take advantage of appreciation as prices rise. Long-term price appreciation in real estate is one of the safest investments out there.
2. As interest rates begin to fall, it is expected that prices are going to rise, because of demand. You can get more home now for your dollar, than when prices increase. Buying now means a better return on your investment.
If you’re sitting on money in a savings account or a low interest investment of any kind, don’t kid yourself, you are losing money every single day because the cost of living continues to rise. So instead of losing money year over year, put your money to work for you and use today's opportunities in real estate to grow value for you.
3. The use benefit. Unlike a stock portfolio, you can use your Pocono home; You can live in it, vacation in it or rent it. There’s no other investment that grows in value while you and your family can enjoy it.
4. Renting a vacation home, especially a chalet or A-frame, is the best passive income you can have and it allows the property to pay for itself. It's nice to know that you will benefit from appreciation over time, but for the greatest financial reward now and to cover the cost of the investment itself, renting is the real key to success. Short-term or "vacation rentals" has become extraordinarily popular and has opened up a world of opportunity for individuals and families, like you, who work for a living. And it's not the nightmare some people think. It's actually a very rewarding business, both financially and emotionally. We've been doing it for two decades and have helped many customers do the same. You can earn between $300 and $2,000 per night, if you follow our formula.
By building a home in a popular tourist area, especially one that has year-round appeal, you can make a significant return in a short period of time. Incomes of $60,000 and up are the norm. We specialize in helping people turn their vacation home into a successful vacation rental. It's much easier than you think. And we share our 20 years of success with our customers at absolutely no cost.
5. A good real estate investment now can help you buy the home you really want in the future. Investing in real estate now and capitalizing on appreciation and the additional income it can generate can help you move toward building your perfect dream home. Starting now with a small vacation home / vacation rental and working your way up is the smartest approach. We've had many customers who have done just that... and you can too. We take you through it, step by step.
The best part about a vacation rental is you don't have to trade your time for an hourly wage to earn a great return or to pay your mortgage and expenses . All you need to do is invest wisely and then let the market demand and appeal of the Poconos work for you.
6. There are significant tax advantages to investing in a second home or even multiple investment properties. So not only can you generate a great second income and pay for your new vacation home, but you can give less to Uncle Sam in the process. Your accountant or tax preparer can tell you more, but don't discount this huge tax benefit.