How Much Money Do You Really Need For a Second Home in 2025|Investment vsVacation Property Explained скачать в хорошем качестве

How Much Money Do You Really Need For a Second Home in 2025|Investment vsVacation Property Explained

How Much Money Do You Really Need For a Second Home in 2025|Investment vs Vacation Property Explained Thinking about buying a second home or investment property? In this comprehensive guide, I break down exactly how much money you need, the key differences between vacation homes and rental properties, and how lenders evaluate risk for each type. What You'll Learn: The 50-mile rule for second homes and why it matters Minimum down payment requirements (10% vs 15-25%) Interest rate differences between property types FHA, VA, and USDA loan restrictions explained How lenders calculate reserves and rental income Real examples with a $300,000 property breakdown Key Takeaways: Second homes require 10% down minimum (conventional loans) Investment properties need 15-25% down depending on units Expect 0.25-0.5% higher rates on second homes vs primary residence Investment property rates are 0.75-1% higher than primary homes Lenders require 6+ months reserves for investment properties Second homes CANNOT be rented full-time to qualify for better rates  Quick Comparison: Primary Home: 3-5% down | Lowest rates Second Home: 10% down | Slightly higher rates | Must be 50+ miles away Investment Property: 15-25% down | Highest rates | Can be rented  Download the free Excel spreadsheet calculator linked below to run your own numbers!  Important Note: Requirements shown are based on Michigan lending standards. Always consult local lenders and real estate agents in your area as rules may vary by state. Timestamps: 0:00 - Introduction [Add specific timestamps based on actual video]  Have questions about second home financing? Drop them in the comments below!  If you found this helpful, please LIKE, SUBSCRIBE, and hit the notification bell for more real estate investing tips! Excel Sheet: https://docs.google.com/spreadsheets/...