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Updated over 3 years ago on . Most recent reply
Financing your Vacation Rental
I have two vacation rentals in Crystal River, Florida and was just beat out to add a third to the mix. I happened to listen to Tony J Robinson's podcast out a few days ago where he discussed STR's and gave lots of great advice. He mentioned he has been getting second home or vacation rental mortgages with 10% down and very low interest close to 3%. I have done mine through the local small bank/credit union but they are still wanting 25% and the rate is in the low 4's.
Thanks for any help,
Chris Welch
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John Underwood
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- Greer, SC
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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
Pro Member
#1 Short-Term & Vacation Rental Discussions Contributor
- Investor
- Greer, SC
Try Associated Credit Union in Georgia. I got a 10% down loan from them for a second home.