Learn the difference between an extra house and you may money spent, and find out how it make a difference to the kind of financing you can get.

Anyone sometimes make use of the terms and conditions “money spent” and you will “second family” interchangeably to describe houses this isn’t the number 1 household. However these type of features vary.

An investment property was property you get to make money, wanna lease so you can tenants otherwise flip and sell having an effective profit. not, the next residence is an individual-nearest and dearest dwelling that you intend to are now living in for some from the entire year otherwise go to regularly. Leggi tutto