Find out the difference in the next home and investment property, and find out how it make a difference the type of mortgage you can aquire.
Some body both make use of the terms “investment property” and “2nd domestic” interchangeably to spell it out real property this is not its number one house. Nevertheless these types of qualities differ.
An investment property are property you get to make money, need to rent so you’re able to renters or flip market to possess a beneficial finances.