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Home, Second Home

Purchasing another home has its perks. To make the most of them, get the facts before you buy.

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This story appears in the July 2007 issue of Entrepreneur. Subscribe »

Brian Maloney's Fort Lauderdale, , second home offers peace of mind and . He bought the two-bedroom condo in 2005 after living in for close to 20 years and running his marketing agency, Maloney & Fox, for 10. "I really felt [another] 20 years would go fast," says Maloney, 43. "I needed to have an to retire in, or at least to have it appreciate."

His search led him 1,300 miles south to a $650,000 high-rise condo with views of the Atlantic. "I didn't hesitate," he says. And while he waits for the property to appreciate, the condo provides a getaway for Maloney and his friends and relatives.

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