Palm Springs has historically been a popular location for Second Home ownership. However, many of our clients at The Paul Kaplan Group, actually buy "second homes" in Palm Springs, without actually owning a "first home" in their place where they reside full time.
Here are a few tips from a recent article from Realtor.com which explains how a New Yorker, who never thought he could own a home, decided to buy a second home before he bought a "first home."
Many of these tips apply to those considering buying a "second home" in the Palm Springs area. In summary, these are the key things to consider.
1. Make sure you have enough money for a down payment. Make sure you have enough money for the 2nd home plus enough to pay rent where you…