Financing STR out of college

[Jake Greener]

Hello BP community,

I am a 22 year old college student graduating in December. I am looking to purchase a short term rental in the Kissimmee/Orlando area sometime in the next 7 months. The property will cost roughly $300k.

I have roughly $10k in savings and will be making about $65k a year. I’m looking at the possibility of getting a 10% down vacation loan but am not sure if you are required to have a primary home mortgage to qualify.

If you were me, what would be your strategy to achieve my goal of obtaining this property?

[John Underwood]

Pretty sure you don't have to have a primary home to get the 2nd home loan.