Using a 2nd Home or Vacation Loan

[Sean Ade]

Hey everyone- I'm interested in learning if people have had success investing with a 2nd Home loan or a vacation loan (I realize at this current second both of these might not be options, but looking in a historical view). I live in Portland OR and my parents live in Raleigh NC, and they've recently came around to the idea of putting some of their retirement savings into a real estate investment. So we're talking about splitting an investment in Raleigh, and I was curious if it's possible to use a 2nd Home loan to buy a small multi family, 2-4 units, in the Raleigh area, and if that would allow me to put a lower down payment down, similar to an owner occupied? Is this a realistic option? Or would this only work with a SFH, in which case, the BRRRR strategy should be what we explore? Would love to talk to anyone who's purchased an investment using one of these types of loans.