Commercial lender in Myrtle Beach… for short term rental

Commercial lender in Myrtle Beach… for short term rental

Investor · Tampa · Member since 2018 · 289 posts · 107 votes

Planning to do STR in Myrtle Beach, but still looking for a lender. Only have 1 year of tax return for self employment and when I file taxes in January, I will have a full 2 year for self employment tax returns. Also open to lenders who lend in LLC's for STR

I’m aware of the 10% second home loan (which falls under the conventional loan); and apart from the 20% down withe the uber income, what are my optio s

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  • Marc RiceBusiness Member
    Real Estate Agent · Columbus Cleveland Dayton, OH · Member since 2018 · 2k+ posts · 1k+ votes
    5y

    @Keleisha Carter

    If it's unfurnished you can use any lender because it's just a normal conventional loan. If you're trying to buy it furnished and use the STR income you'll probably need a commercial lender or a STR specific lender. David Greene put up on his IG the other day that his lending company now offers STR lending so maybe dig into that option.

    Marc Rice | Investor Friendly Agent at Reafco Tailwind Team574 Reviews
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