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Updated almost 4 years ago on . Most recent reply

User Stats

45
Posts
10
Votes
Edward Moore
  • Flipper/Rehabber
10
Votes |
45
Posts

Financing a vacation rental with no W2.

Edward Moore
  • Flipper/Rehabber
Posted

I recently quite my full time W2 to focus on the flips we had. Now, the money is good and I need to find a place to put the money to avoid taxes. Along with using their depreciation for taxes. I really want to get into the vacation/ short term rental market in FL and the Carolinas. Obviously conventional loans are out. Other than owner financing or assuming the mortgage. What financing options if any, are available? I have read a little about Non-QM loans. But not sure if that applies. I am reaching out here first before I start cold calling lenders. 

Thank you!

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