Updated almost 3 years ago on . Most recent reply
Parcel out my land for multiple mortgages for Airbnb cabins
Hey gang.
I am currently under construction of a first cabin on 15 acres in upstate NY in Adirondack mountains. Question is do I need to parcel out the land if I plan on building several cabins on this land in order to potentially get several mortgages? Is it possible to have several cabins on 1 plot of land and get financing from a bank for each one? Just getting closer to completion in next few months and want to have set up correctly. Thoughts on best strategy?
Many thanks,