Traditional Tenants Vs Business Income
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!