Funding Options for a vacation/AirBnb property

[Chris Anderson]

Hi BP,

I have a primary residence in Massachusetts and am looking to pick up a second property in New Hampshire (White Mountains region). My original mortgage broker that assisted with my first property told me to do a personal loan for the vacation home. Are there any other options or would this be the best course of action. I would be looking for a fairly cheap place between 40k-100k that possibly needed some upgrading but no major rehabs.

Thanks,

Chris