Countries that actually refer to themselves in some way as social democracies or democratic socialist nations in their respective constitutions include Bangladesh, India, North Korea, Portugal, Sri Lanka and Tanzania.
Second Home. To qualify as a second home, the property typically must be at least 50 miles from the primary residence, and it cannot appear that the real estate is being purchased for rental investment purposes. Investment Property. A property that is not occupied by the owner and is typically utilized for rental income purposes.
The most common reason for having two mortgages is that you're buying a second home -- typically as a vacation or investment property. For example, you might already own a home and want to use a new mortgage to buy a rental property across town.uying, Then Selling. It's possible to have two mortgages for two different primary residences while transitioning from the ownership of one home to another. In this case, you have two mortgages because one of the residences is being sold or turned into rental property.