Hey. So I have 2 duplex’s in a shore town in New Jersey. I rent them out seasonally thru air BB. Since i don’t have permanent tenants or signed leases I am having a hard time getting them refinanced so I can get more properties. I need to use the income to boost my debt to income ratio but the lenders I have come across won’t let me use the air bb revenue. Anyone out there that has gone through this or knows of some lenders who might be able to help.
Banker · Philadelphia · Member since 2009 · 2k+ posts · 631 votes
5y
@TomTinsey I have financed properties utilizing a master lease with a LLC that all air-bnb pays to which that entity then pays the landlord (you). it is the cleanest way for proper financing. let me know if you have any questions. Regards Joe Scorese
@TomTinsey I have financed properties utilizing a master lease with a LLC that all air-bnb pays to which that entity then pays the landlord (you). it is the cleanest way for proper financing. let me know if you have any questions. Regards Joe Scorese