Airbnb Financing with Vacation Home Loan

[Daniel Pitner]

I recently heard a podcast on Biggerpockets where somebody was using Vacation Home financing at 10% down to purchase an Airbnb property.  I've looked for quite some time to see if this is a feasible option, however I haven't found any information on it.  Does anybody have input on if this is legal/a good idea? 

[Guifre Mora]

Originally posted by @Daniel Pitner:

I recently heard a podcast on Biggerpockets where somebody was using Vacation Home financing at 10% down to purchase an Airbnb property.  I've looked for quite some time to see if this is a feasible option, however I haven't found any information on it.  Does anybody have input on if this is legal/a good idea? 

It's a good option if the property DSCR fits with the financing. Airbnb can give you higher rents than market rents in certain areas.