Notice: We are no longer accepting applications for Owner Occupied Private Money Loans as of January 2014.
A second home would be considered a residential property that you plan to live in during a portion of the calendar year. A Second Home is normally for vacation or resort-type properties such as a cabin in Lake Tahoe or a summer home on the beach or golf course.
Investment Property (Non-Owner Occupied)
This is for residential, commercial, and land properties to be purchased for investment purposes. The property will not be used as your personal primary residence. It is common for real estate investors to purchase investment properties for either long-term rentals or to quickly buy, fix, and sell (Flip) for a profit.