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Updated over 2 years ago on . Most recent reply

Keleisha Carter's profile image
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Keleisha Carter
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  • from Tampa
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Keleisha Carter's profile image
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Keleisha Carter
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  • Member since May 12, 2018
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Keleisha Carter
  • Investor
  • Tampa
106
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Short-Term & Vacation Rental Discussions

Financing Down Payment for STR

Keleisha Carter
  • Investor
  • Tampa
Posted

Recently purchased a STR but unable to use the equity to purchase another one to help with the downpayment. Suggestions on how to raise capital for down payment to purchase another STR? Also, I no longer have a W2 income :(

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John Underwood
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  • Investor
  • Greer, SC
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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
Replied

Go back to work and save for downpayment.

Get a partner who has money for downpayment.

Equity line against your house.

Find a seller that will owner financenthe downpayment in the form of a 2nd mortgage. 

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