​Part Time Second Home - A Great Way To Buy A Vacation Home While Earning Income

​Have you considered buying a second house in Florida, but aren't quite ready to take that financial leap?

Here is an idea that's perfect for first-time real estate investors:   A PART TIME SECOND HOME.

Using our PRIVATE CLIENT PORTFOLIO PROGRAM, you can finance the home as a PART-TIME SECOND HOME. Doing it this way, you get to use the property as your personal getaway or vacation retreat whenever you want, while also enjoying the freedom of renting it out to generate investment income, all without breaking the mortgage terms of a Conventional mortgage. Simply put, it transforms the home into an excellent investment and gives you the best of both worlds.

Did you know?

For CONVENTIONAL mortgages, real estate properties fall into one of three occupancy classifications: 

• A) Primary Residence
• B) Second/Vacation Home
• C) Investment Property

HERE ARE THE OCCUPANCY RULES FOR EACH:

• Primary Residence - This is where you live each day. You may NOT rent the home out for rental income.
• Second Home / Vacation Home - You are allowed to have one second/ vacation home, and it is designed for the sole use and enjoyment of the owner. You are NOT allowed to rent out a vacation home under the terms of a second home Conventional mortgage.
• Investment Home - This type of financing is designed for having renters and generating rental income. You may have multiple investment homes; but because you are not expected to live there, the loan terms are usually higher than those for your primary residence.

Here's How it Works

Using our PRIVATE CLIENT PORTFOLIO PROGRAM, you buy the home as a PART-TIME SECOND HOME, making it one of the more lucrative side hustles ever, allowing you to both enjoy the home and generate passive income at the same time. 

HERE ARE SOME OF THE DETAILS: 

• Down Payment - 30% Minimum Down Payment Required

• Down Payment - 30% Minimum Down Payment Required

When you're not using the home to have a good time, the home can be legitimately leased for rental income and, if you choose, have it managed by a rental management company who deals in vacation property and rental property management. 

Again, this is something you simply can't do with a traditional Conventional Mortgage.  Buying a home as a PART TIME SECOND HOME could be the one of the most lucrative side hustles, allowing you to enjoy the home while generating passive income at the same time. It can be a sound investment. 

The home ownership of a secondary property can now be profitable, and best of all it's perfectly ok with the terms of our Private Client Portfolio Mortgage Program.

To learn more about our PRIVATE CLIENT PORTFOLIO Program, click HERE »

If you're ready to take that first step or simply want to discuss your scenario, give us a call so we run some numbers for you, and answer all your questions to see if buying a Part Time Second Home is right for you! 

You can also drop us a line HERE »

Yours in successful homeownership,

Derek Bissen
Loan Originator
NMLS#365627
Unconventional Lending Program Director