Lake of the Ozarks Real Estate

When looking for real estate that is in addition to your primary residence, it's important to know the facts about that property. There are different rules from the mortgage to the insurance, and even tax info for your additional real estate and the Gattermeir Davidson team would love to share some insight. Here are a few differences in a second home and an investment property. Investment Property The main purpose of an investment property is to do exactly what the name implies - give you an investment. What defines an investment property is that it's not your primary residence, and it's purchased or used in order to generate an income or profit. This can help take advantage of certain tax benefits as well. Basically, if you purchase real estate at the Lake of the Ozarks that will be used to make a profit rather than it being used as your personal residence, it's an investment property. There are also many different types of investment property. You can get a