While people often use the terms “second home” and “investment property” as if they were synonymous, this is a mistake. It’s important to recognize that these two terms cannot be used interchangeably. The legalities, financing, and taxation are all different. You can find some high-value homes at affordable prices for sale in neighboring areas.
from 411HomeRepair.com http://www.411homerepair.com/diy/real-estate-finance/9847-Why-Your-Second-Home-Is-Not-an-Investment-Property.html
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