Updated almost 4 years ago on . Most recent reply
Getting loans for rentals using income from airbnbs
- Im buying a home in Texas as a person place and then planning to start buying properties. I’ve got another post on business plans so thank you all for that! I’ll respond soon!!
- But another question, getting loans with income at x amount, having a mortgage of x amount, then lets say I’m able to buy 1-2 single family and Airbnb those. Am I hosed and can’t buy any other properties because of the bank won’t consider that real income after that point because of my income cap and other debt from the other 2 loans Or would they count the income from the Airbnb? I’ve heard banks don’t like lending to airbnbs or counting them as valid income because they see it as hospitality? Does the 3-6 month Airbnb option do anything to that too?