Live every day like you're on a vacation by owning a second home and renting it out

Here’s a fun thought: Why not own your own vacation property and make some money on it, too? This is possible if you purchase a vacation home in a good location and rent it out. Research shows that renting out a vacation home can help pay for most of the mortgage on it.

But to get cheap financing and potentially turn a profit on your getaway house, you’ll have to shop around carefully for the best vacation home mortgage rates.

In my latest article for The Mortgage Reports (available here), I explore the top markets for buying a vacation home, why second homes are becoming more popular, how to purchase an inexpensive one, and more.