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.
Converting a Primary Residence into a Second Home or Investment Property. You may not be familiar with the term âbuy and bailâ but lenders are. And if youâre not familiar you may be very surprised when a lender denies your loan when you try to convert your primary, current residence into a second home or rental.