Should You Buy a Second Home? What to Consider

With two homes, all the financial responsibility of homeownership will fall on your shoulders—twice.

To earn rental income: As long as your property is located in an area that allows short-term rentals, you can make money by listing it on Airbnb, VRBO or any other home-rental platform. This can provide a passive revenue stream and allow you to build wealth over time. Almgren/Dreamstime/TNS

By Mia Taylor Bankrate.com

If you’re thinking about purchasing a second home, you’ll first want to carefully weigh the full impact it will have on your finances.