Updated almost 3 years ago on . Most recent reply
Down payment on a short term rental
Can I use a commercial business loan as a down payment on an investment property as a short term rental. My lender mentioned that any government backed conventional loan must be with your own personal funds unless gifted. Looking for a creative strategy to deploy a commercial loan to start a short term rental business. Thank you!
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You'd have to have settle funds in an account for some period of time. Otherwise, they track the funding source.