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Buying a rental property with no money down is possible but it requires some legwork and isn’t commonly done with vacation rental properties. You need to find the property, convince another investor to put the money down or find a lender to finance it with no money down.
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People typically buy a vacation property to use as a second home and also as an investment property that brings in rental income to offset some of the costs of ownership. When buying a vacation rental property, it’s important to choose an area that is a popular vacation destination so.
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How to Buy a Home With No Money Down (You Really Can!) – Which may have you fantasizing: Is there some secret out there, somewhere, that could show you how to buy a home with no money down? Believe it or not, it’s not just a pipe dream. First, some background: Home buyers who apply for a mortgage are typically advised to put down at least 20% of the price of the home.
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