Should I Buy a Second Home or Investment Property

preview_player
Показать описание
What's the difference between a vacation home, second home, and investment property? Second home loans vs investment property loans. Pros and cons of a vacation home vs rental property.

0:00 Intro
0:23 Second home or next home
0:52 Second home mortgage financing
2:00 Investment and rental mortgage financing
3:13 Pros and cons, of an Investment property
5:25 Pros and cons of a 2nd home or vacation property
6:10 Why we bought a 2nd home in Charlotte, NC

--------------------⬇️ Watch Next ⬇️------------------

----------⬇️ Mortgage Pre Approval ⬇️----------

------------------⬇️ Contact Me ⬇️-------------------

📱 Mobile: 612-868-1688
Рекомендации по теме
Комментарии
Автор

Chris, I live in Oregon. My close friend past away last year leaving me everything. I want to know if I can assume his VA loan at its current 3% interest or if its possible to purchase this home as an investment property. The home values at $515K he owed $323K current mortgage payment is $1, 970 monthly. Market comparison for potential rental income is $3, 250 a month. I have my own mortgage on a home and I rent our ADU to offset our mortgage payment our payment is $3, 369 per month and I rent the ADU for $2, 400 per month all of our monthly bills come to $2, 406 I gross 115K salary. Can I afford to take on this new home or Should I sell it?

DerrekBean
Автор

So can you eventually choose to rent a second home. As in a rental property?

Oluwa_Sarah