Buy an Airbnb for only 10% Down

[Luke Carl]

Truth be told I stumbled upon this because i'm about to get an appraisal to drop the MI on a second home I purchased a few years ago that I have been Airbnb-ing since day one. 

While it used to be unspoken, The Fannie "Second Home Rider" now allows 10% down second home loans to allow homeowners to Airbnb (VRBO) their property. 

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First and foremost.... make sure the numbers work before you opt for a small down payment. 

Also... The home would need to be a minimum of 65 miles from your primary residence - which you do not have to own.