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Step 6: In the course of the 6th step the purchaser arranges financing and purchases the property for the home-proprietor-in-training. If you’re financing the house, renting it out means lenders will consider it an funding property and offer you much less favorable terms. Consider how simple it is to commute out of your main residence to your trip dwelling, and whether that’s a journey you’d welcome making each weekend or long vacation. If you’re planning on spending less than a month or two every year at your trip house, you’re most likely higher off sticking with a rental.

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