Buy now retire later
Buy Now, Retire Later As baby boomers move through mid-life, they're migrating--right now--to the towns where they'll retire. Why wait? July 2004 by Marion Asnes ...If you're buying a second home now--especially one that you will use only occassionally until you retire--consider buying a property that you can rent out when you're not there.  EscapeHomes.com CEO Hehman says more second-home buyers are looking for rental income: "Buyers want to see a property's rental history."  Success at renting requires pulling together a lot of details, which may make it worthwhile to hire a property manager.  Check the going rates in your area; they can range from 10% to 50% of rental income.    ..."Match your destination to your lifestyle, then sharpen the pencil and make sure your choice makes economic sense for the long run," Hehman says. Visit Money Magazine for a complete copy of this article.