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Updated over 1 year ago on . Most recent reply
Best way to finance my first investment/short term rental
This will be my first investment property. It will be a short term rental property. When it comes to financing, is it best to finance this first deal as a second home/vacation home? Only 10% down payment necessary. Or, should I be in financing another way? Any advice is appreciated. I am a newbie!
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John Underwood
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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
Pro Member
#1 Short-Term & Vacation Rental Discussions Contributor
- Investor
- Greer, SC
Read up on the topic in this forum.
You generally have to say you this be a 2nd home for you and you will not be renting it to get a 10% down mortgage.