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Ocean City, MD Real Estate, Buying Ocean City, MD Vacation Rentals, Investment Property in Ocean City, MD

Buying Second Homes Vs. Investment Properties: What’s the Difference?

Often, the intentions of buyers in the Ocean City, MD real estate market are to own a getaway place at the beach or to generate rental income. Many buyers are unfamiliar with the difference between buying a property as a second home or as an investment property. In fact, depending on your purchasing strategy, it could affect you financially.

In this article, I’ll breakdown the differences between buying a second home verse an investment property in Ocean City, MD. Even if you’re considering options in other markets, this could help you too!

Michael Nolen of Coldwell Banker Realty
By Michael Nolen of Coldwell Banker Realty
on September 20, 2018 at 2:43 PM
   
Buying Second Homes Vs. Investment Properties: What’s the Difference?

Often, the intentions of buyers in the Ocean City, MD real estate market are to own a getaway place at the beach or to generate...

Michael Nolen of Coldwell Banker Realty
By Michael Nolen of Coldwell Banker Realty
on September 20, 2018 at 2:43 PM
6 Benefits of Owning a Vacation Rental in Ocean City, MD

Many buyers seek to own a beach house in Ocean City, MD. Whether it’s your first place, you’re up-sizing, down-sizing,...

Michael Nolen of Coldwell Banker Realty
By Michael Nolen of Coldwell Banker Realty
on July 12, 2018 at 11:46 AM
5 Reasons You're Not Buying a Vacation Home in Ocean City, MD

It’s not uncommon for buyer’s to be on the fence about buying a home in Ocean City, MD. For many, owning a slice of paradise at...

3 Ideal Ways to Manage Your Ocean City, MD Vacation Rental

Often, owners want to generate rental income from their beach condo or home in Ocean City, MD. Since Ocean City is a resort...

Michael Nolen of Coldwell Banker Realty
By Michael Nolen of Coldwell Banker Realty
on May 16, 2018 at 10:00 AM
Michael was patient, accessible, knowledgeable, honest, and kind [5 STAR REVIEW]

Michael was patient, accessible, knowledgeable, honest, and kind throughout our recent beach condo buying experience. He was...

8 Best Practices for Buying Coastal Real Estate in Ocean City, MD

Buying Ocean City, MD real estate can be a bit different from many inland real estate areas. From flood areas to researching...

How Rising Interest Rates Impact Home Buying Power?

Interest rates today are much lower compared to rates before the collapse of the US housing market when a good rate was around...

I cannot stress enough how impressed we were [5-STAR REVIEW]

My wife and I worked with Mr. Nolen on a short sale, and a purchase of a new home. His expertise on underwater mortgages and...

Michael Nolen sold our house in 2 weeks! [Client Review]

Michael Nolen has expert sales, marketing, technology, and communications skills. He is trustworthy and dependable, and cares...

Michael Nolen of Coldwell Banker Realty
By Michael Nolen of Coldwell Banker Realty
on March 31, 2018 at 9:50 PM
Consumer's Guide to the Maryland Foreclosure Process

Let’s face it, the Maryland foreclosure process is confusing! With lender's giving homeowners the run-around, and the notices...

Michael Nolen of Coldwell Banker Realty
By Michael Nolen of Coldwell Banker Realty
on December 21, 2017 at 12:32 PM
Ultimate Guide to Ocean Pines, MD Living [FREE GUIDE]

If you're thinking about buying a home in Ocean Pines, MD, you'll want to get a copy of my new free 21-page guide. This guide...

Michael Nolen of Coldwell Banker Realty
By Michael Nolen of Coldwell Banker Realty
on November 9, 2017 at 11:56 AM

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