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Reply to "Second home purchase - Where do I take the money from?"
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[quote=Anonymous]if you are buying a vacation home and don't intend to stay in it all the time why not borrow money from the paid off house(get a mortgage or signature loan) for about 15yr so you can manage the payments and maybe pay it off early if you want to. Then you rent out the 2nd home when you aren't there. Then you can get some tax breaks from the house as a rental and make some money at the same time to pay off the 100k mortgage from the 1st house.[/quote]
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