Skip to content
Private Lending & Conventional Mortgage Advice

User Stats

3
Posts
0
Votes
Samuel Bennett
Pro Member
0
Votes |
3
Posts

Motorhome resort financing

Samuel Bennett
Pro Member
Posted Mar 12 2023, 17:13

Interested in purchasing a short term rental in a motorhome resort in Ellijay, Ga and was wondering where others have found loans to finance unconventional housing? Thanks for any help you can provide.

User Stats

1,398
Posts
158
Votes
Simmy Ahluwalia
Pro Member
  • Lender
  • Atlanta, GA
158
Votes |
1,398
Posts
Simmy Ahluwalia
Pro Member
  • Lender
  • Atlanta, GA
Replied Mar 13 2023, 14:35

STR loans are available in/around Ellijay, Helen, and Cleveland, GA. Reach out.....

User Stats

3
Posts
0
Votes
Samuel Bennett
Pro Member
0
Votes |
3
Posts
Samuel Bennett
Pro Member
Replied Mar 13 2023, 15:09
Quote from @Simmy Ahluwalia:

STR loans are available in/around Ellijay, Helen, and Cleveland, GA. Reach out.....


Thanks for the response, but are you able to occupy the property for the first year if you use a STR loan?

NREIG  logo
NREIG
|
Sponsored
Customizable insurance coverage with a program that’s easy to use Add, edit, and remove properties from your account any time with no minimum-earned premiums.

User Stats

3
Posts
0
Votes
Samuel Bennett
Pro Member
0
Votes |
3
Posts
Samuel Bennett
Pro Member
Replied Mar 13 2023, 16:18
Quote from @Samuel Bennett:
Quote from @Simmy Ahluwalia:

STR loans are available in/around Ellijay, Helen, and Cleveland, GA. Reach out.....


Thanks for the response, but are you able to occupy the property for the first year if you use a STR loan?


Instead of wasting your time I researched it. To my understanding, i need to get a second home loan instead that underlines my ability to turn it into a rental after the first 12 months of occupancy?

User Stats

197
Posts
140
Votes
Holly Barrett
  • Real Estate Agent
  • Dawsonville, GA
140
Votes |
197
Posts
Holly Barrett
  • Real Estate Agent
  • Dawsonville, GA
Replied Mar 29 2023, 09:22

Does Ellijay allow RV STR rentals? I know a lot of municipalities up here do not, but I'm not sure about Ellijay.