Airbnb / Short Term Rental Financing
Greetings all,
I have found a very lucrative strategy to capitalize on my local short-term rental market using single family residence. I now have over 18 months experience in managing one home and will be closing on my second home at the end of the month. The returns have been very generous and I am confident that I am replicate the same business model with properties in the future. However, obtaining financing will be my main roadblock.
Both properties have been financed using owner-occupied conventional loans with a small down payment. With 2 mortgages my DTI ratio is now tapped out in buying
anything in the near future using this method. I am looking for any sort of creative financing ideas that can be used to purchase a third property in the next 12-18 months. Any suggestions are appreciated.