Vacation Home Loan question

[Bradley Snyder]

Hello, I’m looking at buying a vacation home loin Columbus Ohio. I heard a vacation loan would only require a 10% down payment and I can use it as a shot term rental, while I’m not using it. Has anyone had experience with this in the past? Would I be able to buy a multifamily using this strategy?

[Remington Lyman]

Originally posted by @Bradley Snyder:

Hello, I’m looking at buying a vacation home loin Columbus Ohio. I heard a vacation loan would only require a 10% down payment and I can use it as a shot term rental, while I’m not using it. Has anyone had experience with this in the past? Would I be able to buy a multifamily using this strategy?

 Alum Creek was voted the best beach in the world by me last year. It is about 5 minutes north of Columbus, Ohio. I rent a pontoon boat every year for my birthday in May and have a blast. My buddy brings his jetski. My friends and I murder a half dosen cases of Natty while our DD drives the boat. I would highly recommend picking up a vacation home here.