This custom built home is close to New Orleans in Covington.

Nice dormers accent the view of this nice custom home.A great way to invest in real estate is in either a second home or an investment property. This type of real estate is a sound and profitable way to build wealth and generate a passive income. Fixed mortgage rates keep mortgage payments the same each month, so investors can predict their cost and profit. There is a risk with investment properties, so consider these four tips to find out if you are ready to purchase an investment or a second home.

Be sure to do your research and get advice

Like any decision, you will want to do your research before making the decision to purchase. There are many factors you will need to consider such as the condition of the property, location, and the area’s demand for rentals. Before you take a step, do your due diligence when it comes to your finances. You will want to make sure your income can support two mortgages even if you plan on renting your second investment. Also keep in mind that there will be additional expenses such as home repairs, maintenance, and furnishings.

Budget for the expected and the unexpected

Second properties have some expenses that are different than your primary home. If you purchase a second property either to sell for a profit or rent, many areas have permitting fees and additional taxes for investment properties. Remember to work with a tax preparer who will help you with capital gains or an increase in income.

Knowing when the time is right

Right now home prices are rising, so you may be able to use the equity on your primary home to pay for your second home. This can be done through a cash-out refinance or a home equity loan. A cash-out refinance is the most popular choice. There are no limitations on what you can use the money for. A home equity line of credit is secured by your primary home’s collateral. Right now is a great time to take advantage of these types of financing with such low rates.

Understand how you plan to use the second home

Either way, you need to speak with a mortgage lender whether you a using the second property for rental income or a second residence. Lenders follow the guidelines of Fannie Mae and Freddie Mac to ensure that you are able to afford both mortgages. There are different terms you must meet to be approved for a mortgage on a second home.

If the property will be a renovation or resell you will more than likely have to pay a higher downpayment and interest rates. Lenders take more of a risk when they lend money to someone who is purchasing a second home or investment property. Do not plan on trying to obtain a VA or FHA because these two types of loans cannot be used on second properties.

Not only do you want to secure a lender, but also secure a Realtor to help you with your purchase. A realtor can navigate the purchase from searching for your second home to closing the deal.

 

Click Here For the Source of the Information.

VISIT THIS NEW, CUSTOM HOME FOR SALE DURING THE 2020 FALL TOUR AT BEDICO CREEK!

 

437 Blue Heron Lane
Lot 703, Bedico Creek Preserve
Madisonville, LA 70447

 

COMMUNITY OPEN HOUSE
SUNDAY, NOVEMBER 15, 2020
11:00AM – 2:00PM

CLICK HERE TO VIEW MORE INFORMATION ABOUT THIS NEW HOME FOR SALE!

 

There Is Still Time to Personalize This New Home for Sale With Color & Style Selections! Contact Ron Lee Homes at 985-966-0086 or E-mail Info@RonLeeHomes.com For More Information!

 

NEW CUSTOM HOME FOR SALE IN RIVER CLUB!

OPEN HOUSE THIS WEEKEND!

While You Are Out Touring New Homes for Sale This Weekend, Stop By River Club, a New Waterfront Community in Covington!

1657 Ox Bow Lane
Homesite 74
River Club
Covington, LA 70433

 

 

1657 Ox Bow Gorgeous Modern Farmhouse

1657 Ox Bow Luxurious Master Bath

1657 Ox Bow Sitting Area

OPEN SATURDAY, MAY 19, 2018
12:00PM – 5:00PM

OPEN SUNDAY, MAY 20, 2018
12:00PM – 5:00PM

 

CLICK HERE TO VIEW A SPECIAL NEW HOME BUYER INCENTIVE
ON THIS NEW HOME FOR SALE!

Incentive Ad

 

For More Information About the Features of This New Home for Sale, Contact Ron Lee Homes at 985-966-0086 or E-mail Info@RonLeeHomes.com.

CLICK HERE FOR DIRECTIONS TO & INFORMATION ABOUT RIVER CLUB!


THIS NEW HOME FOR SALE FEATURES THE FOLLOWING AWARDS!

WINNER OF 2017 NORTHSHORE PARADE OF HOMES
REALTORS’ CHOICE AWARDS

BEST OVERALL FLOORPLAN
BEST MASTER BATH

 


 

NEW CUSTOM HOME FOR SALE IN RIVER CLUB!

OPEN HOUSE THIS WEEKEND!

While You Are Out Touring New Homes for Sale This Weekend, Stop By River Club, a New Waterfront Community in Covington!

1657 Ox Bow Lane
Homesite 74
River Club
Covington, LA 70433

 

 

1657 Ox Bow Gorgeous Modern Farmhouse

1657 Ox Bow Luxurious Master Bath

1657 Ox Bow Sitting Area

OPEN SATURDAY, MAY 19, 2018
12:00PM – 5:00PM

OPEN SUNDAY, MAY 20, 2018
12:00PM – 5:00PM

 

CLICK HERE TO VIEW A SPECIAL NEW HOME BUYER INCENTIVE
ON THIS NEW HOME FOR SALE!

Incentive Ad

 

For More Information About the Features of This New Home for Sale, Contact Ron Lee Homes at 985-966-0086 or E-mail Info@RonLeeHomes.com.

CLICK HERE FOR DIRECTIONS TO & INFORMATION ABOUT RIVER CLUB!


THIS NEW HOME FOR SALE FEATURES THE FOLLOWING AWARDS!

WINNER OF 2017 NORTHSHORE PARADE OF HOMES
REALTORS’ CHOICE AWARDS

BEST OVERALL FLOORPLAN
BEST MASTER BATH

 


 

NEW CUSTOM HOME FOR SALE IN RIVER CLUB!

OPEN HOUSE THIS WEEKEND!

While You Are Out Touring New Homes for Sale This Weekend, Stop By River Club, a New Waterfront Community in Covington!

1657 Ox Bow Lane
Homesite 74
River Club
Covington, LA 70433

 

 

1657 Ox Bow Gorgeous Modern Farmhouse

1657 Ox Bow Luxurious Master Bath

1657 Ox Bow Sitting Area

OPEN SATURDAY, MAY 12, 2018
12:00PM – 5:00PM

OPEN SUNDAY, MAY 13, 2018
12:00PM – 5:00PM

 

CLICK HERE TO VIEW A SPECIAL NEW HOME BUYER INCENTIVE
ON THIS NEW HOME FOR SALE!

Incentive Ad

 

For More Information About the Features of This New Home for Sale, Contact Ron Lee Homes at 985-966-0086 or E-mail Info@RonLeeHomes.com.

CLICK HERE FOR DIRECTIONS TO & INFORMATION ABOUT RIVER CLUB!


THIS NEW HOME FOR SALE FEATURES THE FOLLOWING AWARDS!

WINNER OF 2017 NORTHSHORE PARADE OF HOMES
REALTORS’ CHOICE AWARDS

BEST OVERALL FLOORPLAN
BEST MASTER BATH

 


 

NEW CUSTOM HOME FOR SALE IN RIVER CLUB!

OPEN HOUSE THIS WEEKEND!

While You Are Out Touring New Homes for Sale This Weekend, Stop By River Club, a New Waterfront Community in Covington!

1657 Ox Bow Lane
Homesite 74
River Club
Covington, LA 70433

 

 

1657 Ox Bow Gorgeous Modern Farmhouse

1657 Ox Bow Luxurious Master Bath

1657 Ox Bow Sitting Area

OPEN SATURDAY, MAY 12, 2018
12:00PM – 5:00PM

OPEN SUNDAY, MAY 13, 2018
12:00PM – 5:00PM

 

CLICK HERE TO VIEW A SPECIAL NEW HOME BUYER INCENTIVE
ON THIS NEW HOME FOR SALE!

Incentive Ad

 

For More Information About the Features of This New Home for Sale, Contact Ron Lee Homes at 985-966-0086 or E-mail Info@RonLeeHomes.com.

CLICK HERE FOR DIRECTIONS TO & INFORMATION ABOUT RIVER CLUB!


THIS NEW HOME FOR SALE FEATURES THE FOLLOWING AWARDS!

WINNER OF 2017 NORTHSHORE PARADE OF HOMES
REALTORS’ CHOICE AWARDS

BEST OVERALL FLOORPLAN
BEST MASTER BATH

 


 

Offering Decorative Furniture For Sale Which Was Used to Accessorize the 2017 Parade of Homes House for Ron Lee Homes.

 

Will Sell Altogether or as Individual Items.  Call 985-996-0086 or E-mail Info@RonLeeHomes.com If You Would Like to Discuss Pricing.

 

Furniture always seems to make a house a home, or maybe you need furniture for your children going to college.  If you don’t have a need for this furniture, please pass this info on to anyone you think might be interested in this new furniture for sale.

Family Room: 2 Sofas

$1,600.00

All Items Are Brand New – Never Even Been Sat On.

Living Room Furniture

Master Bedroom Set:    
Includes Bed, Mattresses, 2 Nightstands,
Comforter Set & Pillows

$2,000.00

All Items Are Brand New – Mattresses Still Have the Original Plastic on Them.

Bedroom Set

Call 985-996-0086 or E-mail Info@RonLeeHomes.com If You Would Like to Discuss Pricing.

 

DUE TO INCLEMENT WEATHER, THIS OPEN HOUSE HAS BEEN CANCELLED.

1-Lot 127 Maison du Lac Front Exterior

886 S. Corniche du Lac
Covington, LA 70433

Saturday, January 27, 2018
CANCELLED

Click Here for More Information About This New, Custom Home for Sale!