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Updated over 3 years ago on . Most recent reply

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10
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3
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Melanie Rodriguez
3
Votes |
10
Posts

First-time Investor looking for STR Lender in Orlando Area

Posted

Hello everyone!

My husband and I are looking to invest in our very first STR in the Disney/Universal area.

We need some guidance as to how to go about securing financing as we are not able to purchase cash. We also don’t have any form of down payment.

I realize this is not an ideal situation but I have heard of others who were able to make it work somehow. 

Please send me any tips and recommendations to steer us in the right direction so we can develop a proper strategy. 

Thank you!



Most Popular Reply

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695
Posts
252
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Jonathan Soto
  • Lender
  • Newark, NJ
252
Votes |
695
Posts
Jonathan Soto
  • Lender
  • Newark, NJ
Replied

have you looked into a 2nd home/ vacation home in that area. depending on your debt to income ratio that might be good idea. and it can be 10% down

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