Do You Own a Second Home?

Lots of folks own a second home, but the house could sit empty much of the time. Even if it is, they’re still paying for the up keep and utilities. That’s why many people love the idea of renting a second home and generating income. But there’s a problem if your mortgage on the second home was issued by Fannie Mae. Listen to Ric Edelman explain the rule and some new guidance that could help owners who want to generate rental income from a second home.