Shawna Fluellen

Shawna Fluellen

Total zombie expert. Professional pop culture practitioner. Incurable coffee guru. Award-winning food guru. Award-winning sushi fanatic.

41 Articles Written
Is it hard to buy a vacation home?

Is it hard to buy a vacation home?

The cost of buying and maintaining a vacation home is high. You'll pay another mortgage, plus property taxes, insurance...

How much money should you have before buying a vacation home?

How much money should you have before buying a vacation home?

Getting a loan isn't as cumbersome as some might think, but it does require patience and paperwork. Mortgage loan rates...

What is the downpayment on a vacation home?

What is the downpayment on a vacation home?

Down Payment: Typically, you can purchase a primary residence with as little as 3 percent down payment. With a vacation...

Do vacation homes make for a good investment?

Do vacation homes make for a good investment?

Whether a vacation home turns out to be a good investment often comes down to how you plan to use the property. If the...

Are vacation homes profitable?

Are vacation homes profitable?

Creating a beautiful space for guests is one of the easiest ways to make money with your vacation rental. Not only does...

Do vacation homes appreciate?

Do vacation homes appreciate?

Vacation homes are also experiencing faster price appreciation than homes in non-vacation markets. A 13 percent increase...

Is a vacation home a waste of money?

Is a vacation home a waste of money?

For the vast majority of people, buying a vacation property is a waste of money. You just won't use the property enough...

How can a vacation home pay for itself?

How can a vacation home pay for itself?

Buy your vacation home with your IRA or retirement account. Rent seasonally or long term rather than short term.

What credit score is needed to buy a vacation home?

What credit score is needed to buy a vacation home?

For a vacation property, for which there are no FHA loans available, estimate that you will need a credit score of at...

How hard is it to get approved for a vacation home?

How hard is it to get approved for a vacation home?

If you have a lower credit score or a higher debt-to-income ratio, your mortgage lender may require at least a 20% down...

How much should you put down on a vacation home?

How much should you put down on a vacation home?

Expect to put at least 10% on a vacation home (compared to a 5% minimum, or even no down payment, for a primary...

Can you put 5% down on vacation home?

Can you put 5% down on vacation home?

The Differences Between Mortgages in Main Homes and Second Homes. On your primary mortgage, you may be able to put a down ...

Should i put 20% down on a vacation home?

Should i put 20% down on a vacation home?

If you have a lower credit score or a higher debt-to-income ratio, your mortgage lender may require at least a 20%...

How much money do you need for a vacation home?

How much money do you need for a vacation home?

In general, experts recommend setting aside 1 percent of the. To qualify for a conventional second-home loan, you'll...

How much of your net worth should you spend on a vacation home?

How much of your net worth should you spend on a vacation home?

Before buying a vacation home, first determine if you can afford it or not. Even if you can rent it or deduct part of the ...

What percent down do you need for a vacation home?

What percent down do you need for a vacation home?

Down payment: You can usually buy a primary residence with as little as 3 percent down payment. With a vacation home,...

Is it smart to buy a vacation home?

Is it smart to buy a vacation home?

Just like your main home, a vacation home will hopefully and probably increase in value. Especially in popular areas near ...

Can vacation homes pay for themselves?

Can vacation homes pay for themselves?

Owning a vacation property involves more than whether or not it will pay for itself in rental income. If you have a...

Can you make money on a vacation property?

Can you make money on a vacation property?

While any investment comes with a certain amount of risk, owning a vacation rental property can be rewarding and...

Can i put 10% down on a vacation home?

Can i put 10% down on a vacation home?

But you need at least a 10% discount to buy a vacation home and that's it. How to Buy a Second Home · About Second Home...

Do vacation homes make money?

Do vacation homes make money?

Renting vacation real estate involves much more than just buying the property and making people pay you to stay there. If ...

Can you make money owning a vacation rental?

Can you make money owning a vacation rental?

Renting vacation real estate involves much more than just buying the property and making people pay you to stay there. If ...

How do vacation rentals make money?

How do vacation rentals make money?

Creating a beautiful space for guests is one of the easiest ways to make money with your vacation rental. Not only does...

What credit score is good to buy a second home?

What credit score is good to buy a second home?

Lenders Have Stricter Requirements A high credit score will help you qualify for a second home. You'll likely want to get ...

What is the debt-to-income ratio for vacation home?

What is the debt-to-income ratio for vacation home?

The maximum debt-to-income ratio for buying a second home is 45%. With this DTI, you'll likely need compensating factors, ...

Is it worth it to own a vacation home?

Is it worth it to own a vacation home?

If owning a second home improves your quality of life, you should buy one, says Vander Stelt of vacation homes. If you...

How much should i spend on a vacation home?

How much should i spend on a vacation home?

Buyers often underestimate the cost of maintaining a home, especially when it comes to roof work, exterior paint, and...

How much should you spend on a vacation home?

How much should you spend on a vacation home?

Buyers often underestimate the cost of maintaining a home, especially when it comes to roof work, exterior paint, and...

Is it smarter to buy a vacation home or to rent?

Is it smarter to buy a vacation home or to rent?

If you plan to spend less than one or two months each year in your vacation home, it's probably best to stick with a...

How much can i borrow for a vacation home?

How much can i borrow for a vacation home?

But you need at least a 10% discount to buy a vacation home and that's if the. How to buy a second home · About second...

What credit score do i need to buy a vacation home?

What credit score do i need to buy a vacation home?

For a vacation property, for which there are no FHA loans available, estimate that you will need a credit score of at...

Can vacation property pay for itself?

Can vacation property pay for itself?

As you can see, finding a vacation rental property that can generate positive cash flow is very feasible. Whether you...

How do you break even on a vacation rental?

How do you break even on a vacation rental?

The easiest way to say this is to say that to break even in a real estate investment property is when your monthly...

Are vacation rental properties profitable?

Are vacation rental properties profitable?

Creating a beautiful space for guests is one of the easiest ways to make money with your vacation rental. Not only does...

What is a good return on vacation rental property?

What is a good return on vacation rental property?

If you use the limit rate calculation, a good return rate is around 10%. Using the cash-to-cash ratio calculation, a good ...

What are the benefits of owning a vacation property?

What are the benefits of owning a vacation property?

Everyone loves a good tax deduction. If you invest in a well-kept property, in a sought-after destination, with the...

Are vacation rentals profitable?

Are vacation rentals profitable?

Creating a beautiful space for guests is one of the easiest ways to make money with your vacation rental. Not only does...

Are luxury vacation rentals profitable?

Are luxury vacation rentals profitable?

A vacation rental property can be an incredible passive investment. As a result, the optimal profitability of most luxury ...

Is a vacation house a good investment?

Is a vacation house a good investment?

Many people who buy a vacation rental property see it as a personal investment, not necessarily a financial one....

Can you put 10 down on a vacation home?

Can you put 10 down on a vacation home?

But you need at least a 10% discount to buy a vacation home and that's if the. How to Buy a Second Home · About Second...