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Gene Azarskis ABR/MRP Cell (573) 745-1254 Office (573) 302-2313 Email gene@lakeozarkforsale.com Web www.zarkoftheozarks.com Spouses SELLING HOUSES RE/MAX Lake of the Ozarks team SECOND HOME OR INVESTMENT PROPERTY? An investment property is a property that is not your primary residence, and is purchased or used to generate income, profit from appreciation, or take advantage of certain tax benefits. Basically, if you purchase real estate that you'll use to make a profit, rather than as a personal residence for you and your family, that property is considered investment property. Investment property loans usually have higher Interest rates and require a larger down payment than properties that people use as second homes. Many lenders won't offer a second-home loan if the borrower intends to rent the property out for any amount of time. If you're considering taking out a loan to purchase either an investment property or second home, be sure you understand the differences between these terms and make your intentions clear to the lender when you start the process of applying for the loan. That way, you'll ensure that you get the correct type of loan for the type of property you intend to purchase. Featured Listing 33433 Emerald Rd Lakefront 5 Bedroom 3 Full Bath Home Detached Garage with Storage/Workshop Lower Level Spacious Lakeside Deck Private Dock With Boat Lift Included Relax in Your Very Own Hot Tub Nestled on 1/2 Acre Lot Built in 2012 MLS 3536004 $499,000 Join the fun at these upcoming Lake Events and more ! July 3 July 6-10 Miller County Fair 3rd Annual Stars & Stripes Bike Night July 9 Muscle Cars Show, All American Speed July 17 Aquapalooza 2021 @ Captain Ron's RE/MAX A Fireworks Displays every night the week of July 4th Find more happenings around the Lake at Children's Miracle Network Hospitals Gene Azarskis ABR/MRP Cell (573) 745-1254 Office (573) 302-2313 Email gene@lakeozarkforsale.com Web www.zarkoftheozarks.com Spouses SELLING HOUSES RE/MAX Lake of the Ozarks team SECOND HOME OR INVESTMENT PROPERTY? An investment property is a property that is not your primary residence, and is purchased or used to generate income, profit from appreciation, or take advantage of certain tax benefits. Basically, if you purchase real estate that you'll use to make a profit, rather than as a personal residence for you and your family, that property is considered investment property. Investment property loans usually have higher Interest rates and require a larger down payment than properties that people use as second homes. Many lenders won't offer a second-home loan if the borrower intends to rent the property out for any amount of time. If you're considering taking out a loan to purchase either an investment property or second home, be sure you understand the differences between these terms and make your intentions clear to the lender when you start the process of applying for the loan. That way, you'll ensure that you get the correct type of loan for the type of property you intend to purchase. Featured Listing 33433 Emerald Rd Lakefront 5 Bedroom 3 Full Bath Home Detached Garage with Storage/Workshop Lower Level Spacious Lakeside Deck Private Dock With Boat Lift Included Relax in Your Very Own Hot Tub Nestled on 1/2 Acre Lot Built in 2012 MLS 3536004 $499,000 Join the fun at these upcoming Lake Events and more ! July 3 July 6-10 Miller County Fair 3rd Annual Stars & Stripes Bike Night July 9 Muscle Cars Show, All American Speed July 17 Aquapalooza 2021 @ Captain Ron's RE/MAX A Fireworks Displays every night the week of July 4th Find more happenings around the Lake at Children's Miracle Network Hospitals