North America’s vacation property resource
North America’s vacation property resource
Introduction to Buying a Second Home As a real estate investor and owner of a vacation rental property, I’ve dealt with numerous ownership questions first-hand. I’ve also read various resources over the years in order to supplement my own experiences. Yet, there are many different resources out there on various topics, from the true costs…
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If you currently own a second home in the United States or Canada and are considering changing your ‘second home’ to an ‘investment property,’ you have several factors to consider. Generating rental income from your property can be a great way to earn more income, but there are mortgage, tax and insurance implications, among others,…
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Many Americans and Canadians have significant equity built up in their home, which may feel untouchable. However, a second mortgage makes it possible to tap into the equity. A second mortgage is an additional loan taken out on a property that’s already mortgaged. If you have equity built up, a second mortgage is a great…
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Looking for the best places to buy a lake house in Michigan? We’ve got you covered! These seven cities are close to some of the best lakes in Michigan to own a lake house. Whether you have a more modest budget or a large one, there is something for everyone. If you want to know…
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Owning lakefront property can be a dream come true for many Americans and Canadians. Like any investment, there are pros and cons to owning a second home, especially one right on the water. Understanding the pros and cons of lakefront property can help you decide if it’s right for you. Before you buy a lakefront…
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Last updated on August 28, 2021 Before buying a second home, you will likely ask yourself can I afford a second home and, if so, how much second home can I afford? While everyone’s financial circumstances differ, there are certain guidelines to follow in the United States and Canada when preparing to buy a second…
Read MoreOwning a home is a keystone of wealth… both financial affluence and emotional security.