The Best Loans for Vacation Rentals (10% Down!)

Looking for the best loans for vacation rentals? Look no further—Tony and Ashley have both secured low down payment, low interest loans for their own short term rentals! This week’s question comes from Xavier through Ashley’s Instagram direct messages. Xavier is asking: Can I use an FHA loan for a vacation rental? What’s the best way to scale without paying high down payments?

Xavier brings up a great question that many rookies have been asking. We all know we can get a conventional loan with very low down payment requirements for an owner-occupied investment like a house hack, but what about a vacation rental loan? Before you bombard your mortgage lender with questions, listen to what Tony (short-term rental expert) has been using for his vacation rental financing.

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Join BiggerPockets for FREE:
https://www.biggerpockets.com/signup?utm_source=youtube&utm
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Join the Real Estate Rookie Facebook Group:
https://www.facebook.com/groups/realestaterookie
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Find a Mortgage Lender for Your Next Property:
https://www.biggerpockets.com/loans?utm_source=youtube&utm
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Check Out Tony’s Interview with his Vacation Rental Lender:
https://youtu.be/p_T25OJwD24
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7 Tips for Financing Your First Vacation Rental Property:
https://www.biggerpockets.com/blog/tips-financing-vacation-rental-property?utm_source=youtube&utm
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Connect with Tony and Ashley on BiggerPockets:
Ashley: https://www.biggerpockets.com/users/echopm?utm_source=youtube&utm
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Tony: https://www.biggerpockets.com/users/tonyr75?utm_source=youtube&utm
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Shoot Ashley or Tony a Question on Instagram!
@wealthfromrentals or https://www.instagram.com/wealthfromrentals/
@tonyjrobinson or https://www.instagram.com/tonyjrobinson/

Episode 156

Show notes at: https://www.biggerpockets.com/rookie156