An American couple with dual U.S.-Italian citizenship is considering buying a dream home in Abruzzo, Italy using a home equity line of credit. The fully furnished, renovated property costs 220,000 euros and generates $7,000 annually from Airbnb rentals. They have a low 2.6% interest rate on their U.S. mortgage, but opinions on Reddit vary about juggling two mortgages. Some caution against risking their U.S. home, while others suggest seller financing. Alternative options include refinancing primary homes or using a home equity loan. Many Americans are exploring real estate investments, with various platforms offering alternative ways to invest.
Read more at Yahoo Finance: They Want To Use HELOC To Buy A Vacation Property In Italy. Turns Out, Many Americans Had The Same Idea. Here’s How Some Of Them Pulled It Off
