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Updated about 3 years ago on . Most recent reply
Vacation rental loan for a mutlifamily
I am currently looking to purchase a triplex. Does anyone have experience in using a vacation rental loan to purchase a multifamily unit where a portion of the property (2nd/3rd floor) would be rented by long term tenants and one floor used as an STR? The 1st floor would be used as a STR and used as the vacation portion of the house. I am attempting to utilize less money down (10%) if possible by using a rental property loan. Thanks!
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Luke Carl
#3 Short-Term & Vacation Rental Discussions Contributor
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#3 Short-Term & Vacation Rental Discussions Contributor
- Rental Property Investor
- Tennessee Florida
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Luke Carl
#3 Short-Term & Vacation Rental Discussions Contributor
Pro Member
#3 Short-Term & Vacation Rental Discussions Contributor
- Rental Property Investor
- Tennessee Florida
Sorry I replied before your post had generated. No it can’t be done. But you could live in one of the units and get even better loan terms