Buying A - Second Home To Rent

: Your DTI (including both mortgages) should generally remain below 41–45% .

: Expect to put down at least 10% for a vacation home and 20–25% if it is classified as a pure investment property. buying a second home to rent

Buying a second home to rent requires balancing your personal use with strict tax and financing rules. If you occupy the home for more than 14 days (or 10% of the days it is rented), the IRS classifies it as a , which limits your ability to deduct rental losses against other income. 1. Finance & Qualifying : Your DTI (including both mortgages) should generally