Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Short-Term & Vacation Rental Discussions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 3 years ago on . Most recent reply

User Stats

20
Posts
9
Votes
David Taylor
  • New to Real Estate
  • Wisconsin
9
Votes |
20
Posts

Renovation loan with a 10% down vacation home loan?

David Taylor
  • New to Real Estate
  • Wisconsin
Posted

Is this a thing? My wife and I are considering taking advantage of 10% down vacation home loan for our first STVR property. Is it possible to include renovation costs into this kind of loan, or would we be forced to take out a separate loan for renovations?

What did you do when you were first starting out? Thanks in advance!
This group has been a wonderful resource for us newbs. 

Most Popular Reply

User Stats

10
Posts
13
Votes
Eric Gebhardt
  • Milwaukee, WI
13
Votes |
10
Posts
Eric Gebhardt
  • Milwaukee, WI
Replied

We just took advantage of the 10% down on a second home for STR and it's much better than having to bring 25% on a similar income property.

We used the remainder of our down payment for minor renovations and for furnishings.

If you have any questions message me as my wife and I just setup our first STR and it's been our life for the last 4 months but it was super fun and rewarding.


Loading replies...