Items Tagged with 'investment properties'

ARTICLES

  • The latest rich-person problem: Vacation home guilt

    Half of second home owners said they feel bad for not visiting their property enough
    Do you have a lake house or home in the mountains that you don't make enough time to go to? You're not alone. Or, let's try that again... Do you wish you had a lake house or a home in the mountains? Don't worry, you probably wouldn't use it anyways. 
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  • Who buys a vacation home?

    Buyers may be younger and less affluent than you think
    You might think people who buy vacation homes are older, high-net-worth individuals, but a recent survey from Vacasa proves this is not necessarily the case. In fact, a number of older Millennials and young Gen Xers are looking to buy vacations homes, drawn to their investment potential, with one quarter of prospective buyers in their 20s and 30s.
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  • ATTOM names states with highest property tax rates

    Owner-occupied hold higher tax rates than investment properties
    A new report from ATTOM Data Solutions shows property taxes came in at $277.7 billion in 2016, or more than $3,000 per home. And taxes were higher for owner-occupied homes than for investment properties. The report shows which states had the highest property tax rates and which ones saw property taxes of more than $10,000 annually.
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  • Private jumbo underwriting remains tricky business

    It's difficult for borrowers looking to fund a second-home purchase to find a lender willing to lend to them -- especially if the mortgage is considered a jumbo loan, above current conforming lending limits. Per the WSJ, lenders aren't willing to let borrowers blur lines between vacation homes and investment properties.
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