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.
David, if the property is less than 50 miles away from his primary home, most lenders will view this as an investment property â which will require 20% down (unless the home is a Fannie Mae Homepath property, which would allow 10% down on an investment property).i Rhonda, I have a question about a primary residence as it relates to the first-time homebuyer tax credit. To be eligible, you have to have not owned a primary residence in the last 3 years. Within the last 3 years, my brother and I owned a house together.