Personal Finance
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 2 years ago, 12/29/2022
Is it true that down payment for a second house purchase is 10%?
We are looking for an STR in the Tampa area. We are from DC and when looking at cabins for a STR here in VA, our real estate agent told us since we already have 1 mortgage, the second house purchase would have to be a 10% down instead of 3%. Everyone I asked about this said this is not true. Please advise.