Purchasing second home

[James Jones]

Hello, I am interested to hear what your opinions are on buying a second home. We currently live in our 3/2 home and are looking to purchase a second property to rent.

Should we look to purchase our second property as our primary, which would mean a lower down payment.

Or do we look for our second property as a rental property. Which we need 20% down.

Also, what are other options that might be available instead of putting 20% down on a second home that’s not a primary residence?