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Updated almost 2 years ago on . Most recent reply

Shannon Green's profile image
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Shannon Green
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Shannon Green's profile image
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Shannon Green
  • Member since Dec 31, 2020
Shannon Green
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33
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Short-Term & Vacation Rental Discussions

Best way to finance my first investment/short term rental

Shannon Green
Posted

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
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John Underwood
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John Underwood
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Replied

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. 

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