Updated over 3 years ago on . Most recent reply
Financing Down Payment for STR
Recently purchased a STR but unable to use the equity to purchase another one to help with the downpayment. Suggestions on how to raise capital for down payment to purchase another STR? Also, I no longer have a W2 income :(
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John Underwood
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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
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Go back to work and save for downpayment.
Get a partner who has money for downpayment.
Equity line against your house.
Find a seller that will owner financenthe downpayment in the form of a 2nd mortgage.