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Updated about 2 years ago on . Most recent reply
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Any lenders able to do airbnb loans for less than 20% down?
I am looking to purchase my first Airbnb property and wondering if there are ways around having to put the traditional investment property down payment of 20% down.
Thanks!
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Quote from @Heather Skow:
I am looking to purchase my first Airbnb property and wondering if there are ways around having to put the traditional investment property down payment of 20% down.
Thanks!
you need to be very careful on what you sign in the loan documents regarding your occupancy - different loan type options will typically have requirements in both directions - some you can't stay in the property yourself more than 14 days per year, others there will be a minimum amount of days you must stay in the property (or not use it as a short term rental)