Looking for creative ways to fund a STR without 20% down-payment.

[Paul Herman]

Currently, I am saving to purchase my first STR. I'm hearing from most lenders that they require 20% down if the property is not considered a primary residence. Does anyone have any creative methods to obtain funding without huge loads of cash?

[Quinn Olivarez]

Originally posted by @Paul Herman:

Currently, I am saving to purchase my first STR. I'm hearing from most lenders that they require 20% down if the property is not considered a primary residence. Does anyone have any creative methods to obtain funding without huge loads of cash?

Ask lenders if they offer a vacation home mortgage. These typically have a 10% down payment if the property qualifies