How to Convert a Second Home to an Investment Property

AuthorAmanda Dodge.  Date: June 20, 2025 4:18 am

More homeowners than ever are converting their primary residences into investment properties, opting to hold onto the homes and rent them out instead of selling them when they move out. Some people believe they can earn extra money each month with these rentals, while others don’t want to sell the property and lose out on favorable mortgage terms.  While each homeowner has different experiences, three main scenarios are driving these conversions: accidental landlords (people forced to move because of job relocation), strategic investors (homeowners looking to maximize portfolio returns), and life transitions (retiring or downsizing homeowners). If you fall into one of these categories, make sure you think your home conversion through. Managing a rental property requires careful planning and professional guidance to avoid costly mistakes. Here’s how to convert a second home to an investment property and common pitfalls to avoid. Legal Difference Between Second Homes and Investment Properties … Continued

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