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Updated almost 2 years ago,
Funding for my first investment property
I am looking to purchase my first investment property. I do a few shifts at a hospital 1.5 hour away from where I currently live. I plan to purchase this property near the hospital so can stay at the property only on the days I work (which is 10 days per month). The days I am not staying at the property, I plan to STR. Currently, I don't have a mortgage or own a primary residence. I don't want to move to the area where I work because of personal reasons. Is it wise to use a second home/vacation home loan or an investment property loan to purchase this property?