Investment Property Vs Owner Occupied. A second home doesn't count. To qualify as a second home, the property typically must be at least 50 miles from the primary residence, and it cannot appear that the real estate is being purchased for rental investment purposes.
Investment property is land or a building (including part of a building) or both that is: For most lenders, a holiday home that is not. To qualify as a second home, the property typically must be at least 50 miles from the primary residence, and it cannot appear that the real estate is being purchased for rental investment purposes.
