Tag Archives: rental property

Purchasing a vacation home can be exciting when you consider that you will have a place to go anytime that you choose to do so, but along with the advantages, there can be disadvantages. Following are some drawbacks to purchasing a vacation home with your same sex partner. Mortgage Unless you have the money to purchase a vacation home outright, you will have to pay a mortgage. Generally, the required down payment and mortgage interest rate will be higher on a vacation home than it is on your primary home. […]

Buying rental property with your friends is a business deal and, as with any business deal, there are issues that should be considered before taking that step. Below are 5 keys to buying rental property with friends. 1. Be sure that your friends can be relied on. Entering into a partnership with friends who are not dependable or do not follow through with promises may not be your best choice for purchasing a rental home with. 2. Discuss how much you can collectively afford to spend on a rental property […]