All Forum Posts by: Valentina El Frih
Valentina El Frih has started 2 posts and replied 4 times.
Post: Is it true that down payment for a second house purchase is 10%?
- Posts 4
- Votes 2
Quote from @Kenneth Garrett:
I used a second home/vacation home for my STR. 10% down. I had to agree to use it 14 days a year, which was no problem to enjoy family time there once or twice a year. I could not have a lease on the property (more then 30 days), but STR no problem as long as stays are less then 30 days, which typically is the case.
Post: Is it true that down payment for a second house purchase is 10%?
- Posts 4
- Votes 2
We are looking for an STR in the Tampa area. We are from DC and when looking at cabins for a STR here in VA, our real estate agent told us since we already have 1 mortgage, the second house purchase would have to be a 10% down instead of 3%. Everyone I asked about this said this is not true. Please advise.
Thank you so much for the input. You definitely get a good bang for your buck out there in that area by Wesley Chapel and surrounding it. Will try to focus more on the west (citrus park and surrounding). We are looking for something very specific (1800sqf, 3 beds, 2 bath, pool) and must be visually pleasing haha.
Hi everyone
My husband and I are just starting out and getting into the game. We are from DC and want to invest in Tampa. We are ready to start looking and putting in offers.
Question: how would cities such as Lutz, Wesley Chapel, Temple Terrace etc do as far as occupancy rate and popularity compared to Tampa proper?