When looking at the price of taking a family on a vacation – even down to Sea World in San Antonio – things can start to add up. If you start looking at places like Florida, Disney or New York it can feel like you have to turn over your children’s college fund. But what if you could have both? A place to vacation that could offer a return on your investment in fifteen years when you need the money for college? A second home can offer you the opportunity to let your family experience what’s it like to live in another place and be a good investment. The “good investment” part of the equation is critical. Over the next few weeks, I’m going to talk about second home purchases and highlight some areas.
A few years ago a client referred his good friend to me who was looking to buy a cabin in Broken Bow, Oklahoma. Like many in the Dallas area, I had heard of Broken Bow but had not visited there. While I had never done a loan for property in this area before, I was game. Through this relationship, I connected with the buyer’s Realtor, David Sacks, who has offices both here in Dallas and Broken Bow. Upon our first meeting, David’s industry experience was obvious and which is probably why he’s considered the “Go-To” guy for Broken Bow real estate. Since then, I’ve partnered on numerous Broken Bow homes with David and can see why it’s such a popular area.
What does Broken Bow offer that you can’t get every day at home? It’s not a suburb. It has pine trees that serenade you to build a fire and roast some marshmallows. It has pristine lakes, rivers and streams and offers some of the best trophy trout fishing in Oklahoma. Not to mention gorgeous hiking, 4-wheeling, hunting, boating, swimming…..the list goes on and on. Less than three hours away, Broken Bow provides year-around outdoor activities and tranquil, scenic beauty without driving fourteen hours to Colorado. If you don’t believe me, Southern Living magazine just rated Broken Bow as one of the top places to visit in Fall.
Best of all, it gives you a gathering place you can spend with family and close friends-while building equity at an affordable price point. Want to learn more about financing options? Email me and I’ll send you the top things to consider when investing in a second home.
If you’re interested in learning more about the Broken Bow area, I recommend reaching out to David. He has over thirty years experience in real estate spanning residential, mortgage and the investment side. He’s intimately familiar with the nuances of the local market, being a frequent visitor to the area since the early 80s and owning property for almost fifteen years. He understands the investment opportunity the area represents to those who want to enjoy Broken Bow’s beauty . Learn more about David at his website here.
For general information on Broken Bow, the local Chamber of Commerce is a great resource featuring local activities and businesses.