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Updated almost 9 years ago on . Most recent reply

Account Closed
  • Chicago, IL
8
Votes |
36
Posts

Traditional Tenants Vs Business Income

Account Closed
  • Chicago, IL
Posted
I need to see which way would work out better to refinance my building. I own a mixed use property and majority of the property is for my vacation rental business. Would it be better to show a bank as if it were a traditional rental property with market rent leases 7000 per month. Or should I should I show a business income (1120s) of a gross of 15k per month. Any advice would help, I know vacation rentals are a new thing for the banks and they get scared and don't know what it is. Thanks!

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