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Short-Term & Vacation Rental Discussions
HomeForumsShort-Term & Vacation Rental DiscussionsVacation rental financing
Matt B.'s profile image
Matt B.'s profile image
Matt B.
  • from Blue Point, New York
  • Member since Aug 12, 2015
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Matt B.'s profile image
Matt B.'s profile image
Matt B.
  • from Blue Point, New York
  • Member since Aug 12, 2015
Connect
Matt B.
  • Blue Point, NY
31
Votes |
88
Posts
Short-Term & Vacation Rental Discussions

Vacation rental financing

Matt B.
  • Blue Point, NY
Posted Jan 2 2018, 17:48
I am looking to purchase a vacation home/investment property in Rhode Island. I am currently in NY, my initial idea was to use home equity loan or LOC from my current home for the down payment. 1. Is this a good idea? 2. Should I use a bank in NY or RI for the loan/financing? Any one have any recommendations for lenders etc. in the Narragansett area? Thanks in advance...
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