Yes, you can buy a second home.? The 2 things to make note of are your debt-to-income ratios and down payment.? Those two things will be the deciding factors in obtaining a second home.
I have a client from CA that is buying a second home in NY as we speak. He has similar plans as yourself.? He?is retiring soon and wants to rent out his current home and move to his future NY home in a couple of?years.? The new home in NY will be his vacation home until then.
Source: http://www.zillow.com/advice-thread/Buying-a-condo-in-another-state/498687/
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