Updated about 11 years ago on . Most recent reply
Income Property or 2nd Home?
I am going to buy a property in Arizona. I can buy it as a second home for 20% down, then rent it out weekly. My bank will allow it as long as I live there part of the year. Or, I can buy it as an income property with 25% down and use it the same way. It seems like it would be better to buy it as an income property for the tax benefits, what do you experts think?