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Updated over 4 years ago on . Most recent reply

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Robert Campbell
  • Rental Property Investor
  • Greenville, SC
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Condotels? Is that how you spell it?

Robert Campbell
  • Rental Property Investor
  • Greenville, SC
Posted

I'm looking in Boone, NC for a spot right off the ski slopes to Airbnb. I'm also thinking of moving there for six months or so and using a VA loan to finance the whole thing but I understand that makes vacation rentals more difficult. Y'all are all brilliant out there. I bet there's someone that know all about this. So if you're an agent in Boone, hi.

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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

You can't buy a comdotel (condo hotel) with a VA, conventional or fha loan. As an aside, they are typically a horrible investment.

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