Buying 2nd Airbnb Property in same location question

[Rachel Stallings]

Hey everyone. I just purchased my first STR property in Gatlinburg area of the Smokies a few months ago. I'm looking to buy another cabin soon in the same area for STR purposes. For my first one, I was able to do a conventional loan, put 10% down and got a mid 3's interest rate. I was told from my lendor that I wouldn't be able to put 10% down again and get that low of an interest rate for my second cabin in this same location. They'd consider the second one an investment property in the same market. Any way or workarounds for this or can I only get a 10% down payment, lower interest rate, if I decide to purchase in another market?

[Brendan Curley]

You should be able to do another 10% down if you have a spouse. Put it in their name.