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Updated over 3 years ago, 05/30/2021
Need advice on second home investment
New invested need help in understanding this option. I am buying a SFH in Palm Spring area which is has lease with a vacation rental company for two more years and buyer has to assume the lease. I am wondering if this will still qualify as a second home or investment property ? If I am able to work out with leasing company that I will be also using property during Down time? Would like to get second home loan which has better interest rate and lower down payment.