Steamboat Real Estate Home Search and Blog

It’s that time of year.  Tax time.  If you are considering purchasing Steamboat real estate, there are good reasons to own.  Here are some basic tax rules regarding real estate, although you should talk to your CPA or tax attorney about your particular situation.  (In other words, this is not advice.) When you buy a [...]

Billionaire John Paulson was quoted recently as saying: “If you don’t own a home buy one.” ”If you own one home, buy another one, and if you own two homes buy a third and lend your relatives the money to buy a home.” I like how he thinks, but should you buy property in Steamboat [...]

If you rent your Steamboat Springs vacation home, you should be aware of some of the tax rules regarding vacation rentals if you decide to rent your home, condo, or townhome.  (Make sure you check with your CPA or tax advisor about your personal circumstances.) Here are the basics: The tax rules depend on how [...]

If your IRA statements are looking a little lean and you want to purchase Steamboat real estate, you might consider combining the two.  You can purchase Steamboat real estate—a house, condo, or land—and hold it in your IRA. Right now you can get premium real estate at low prices.  (In ski resort terms, “premium” real [...]

Steamboat Springs second homeowners used to fall into one of two categories:  those that use their Steamboat vacation homes strictly for personal use, and those that see their vacation property as an income-producing investment. The current economic downturn has blurred the line as more people look to generate extra cash from their second home. With [...]

InvestmentNews.com had an interesting article entitled, “Now May Be the Time To Buy that Vacation Home.” While the numbers may be a bit low for the Steamboat real estate market, the concept is the same.  Anyone with cash sitting in a low-yield account who visits Steamboat Springs often will appreciate this article. Also, the author [...]

If you are a Steamboat real estate investor with 4 properties who was sitting on the sidelines drooling at the opportunities now available in the Steamboat market, your golden opportunity is here.  FNMAE just announced a change to the policy that will allow investors to own ten properties up from four properties. First, a little [...]

If you own a Steamboat vacation home or rental property in Steamboat Springs and plan to live in it full time to take the $500,000/$250,000 tax exclusion, the tax rules have changed. Owners of Steamboat investment property will lose some of the tax benefits when they convert their second home into a primary residence, then [...]

If you’ve been holding off purchasing real estate in one of the new projects going up on the slopes of the Steamboat Ski Area, look to Vail for investment reassurance. Right now, Steamboat has two pre-construction ski-in, ski-out properties—Edgemont and One Steamboat Place.  There will be others, but with financing sketchy and the notoriously finicky [...]

This article is from the October 17, 2008 Op Ed section of the New York Times.  My friend Holly Rogers from Capital Mortgage Advisors passed it along.  For real estate investors or those looking to get into/trade up in the Steamboat real estate market, substitute “Steamboat real estate” for “stock market.” It’s the same principle. [...]