Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 2 years ago on . Most recent reply

User Stats

9
Posts
12
Votes
Asare Nkansah
  • Rental Property Investor
  • Castle Rock, CO
12
Votes |
9
Posts

Can I purchase a 'vacation home' without having a primary?

Asare Nkansah
  • Rental Property Investor
  • Castle Rock, CO
Posted

After doing some googling, it the answer isn't very clear to this question: If I currently don't own a primary residence (just renting), can I purchase a vacation home that I visit 2 weeks out of the year for 10% down? I know it's considered a second home loan, but does it actually need to be my 'second' home?

The reason I'm asking is because I have a friend that's interested in purchasing a property in a different state (Kentucky or Florida) to use as a rental property. We're looking for ways to lower the potential downpayment. Would appreciate any suggestions

Loading replies...