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Updated almost 4 years ago on . Most recent reply

User Stats

22
Posts
9
Votes
Joshua B Pruitt
  • Real Estate Agent
  • Jacksonville, FL
9
Votes |
22
Posts

Low money down for vacation rental

Joshua B Pruitt
  • Real Estate Agent
  • Jacksonville, FL
Posted

Good evening! First off, I’m a new investor. I currently have most of my capital tied up in a flip that I literally just closed on today! However, I just got a call from someone that I’m interested in buying their home in the Florida Keys as a second home/vacation rental. Unfortunately, I don’t have the capital to put 20% down. What other options am I looking at? Any and all help is appreciated.

I'm active duty, but have a VA loan on my primary residence. I could put together about 7-10% down. I have great credit. The seller is not willing to do any sort of seller financing.

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