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Updated almost 4 years ago on . Most recent reply

buying a second home for retirement 1+ year early
We are wanting to buy a retirement home as a second home and plan to turn it into our primary residence. We are concerned about leaving it vacant for a year. I recently read that we could rent it (through a property mgmt co. in this case) for up to six months without having to mortgage it as a rental property. We would be putting about 40% down, so I don't think we would have trouble getting the second mortgage. Any advice would be appreciated!