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Updated over 3 years ago,

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7
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1
Votes
Chris Taylor
1
Votes |
7
Posts

buying a second home for retirement 1+ year early

Chris Taylor
Posted

We are wanting to buy a retirement home as a second home and plan to turn it into our primary residence. We are concerned about leaving it vacant for a year. I recently read that we could rent it (through a property mgmt co. in this case) for up to six months without having to mortgage it as a rental property. We would be putting about 40% down, so I don't think we would have trouble getting the second mortgage. Any advice would be appreciated!

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