(This is Part 5 of an eight-part series. See Part 1, Part 2, Part 3, Part 4, Part 6, Part 7 and Part 8.) In addition to owning your home, do you own one or more investment properties? If you do, or you would like to own real estate held for investment, it pays to understand the pros and cons so you can obtain maximum benefits. You are not alone. Millions of U.S. homeowners own second homes and other investment properties. Purchase Bob Bruss reports online. At the recent International Builders Show in Orlando, economists David Berson of Fannie Mae, David Seiders of the National Association of Home Builders, and Frank Nothaft of Freddie Mac agreed house and condo sales to investors are major residential sales factors, perhaps as much as 10 percent of the market. Their concern is these short-term speculators might all "dump" their properties on the market at the same time, thus causing significant local home-price declines. For this reason, many builders will sell their new houses a...
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