Updated about 10 years ago on . Most recent reply
Vacation home financing
I keep getting people wanting to finance my rentals. While that is all fine and good the one I really need help with is a vacation rental and it seems everyone but a conventional lender is afraid of these. This is not a condo on the beach prone to spring break party types. It is a quiet lakefront retreat in a cozy cove. I have had very, very few issues with it because it is a newer home and people really have taken very good care of it. I wish all my rentals were this well taken care of! The terms I have it on stink so I want better terms but lenders only want standard leases. Irony is, it makes more money as a vacation home than it would leased and that's with bad financing!
Does anyone know anyone that could possibly assist?
Frank