Purpose built vacation rentals

[Mitchell Maginnis]

Hi!

I recently completed a new build STR. I like the fact that I was able to design it with unique additions that none of my competition is offering, and I want to continue to rinse/repeat this process. I have a parcel that is zoned specifically for multiple units.

With that said, I paid for the entire first cabin out of pocket with cash only, and it has taken me over a year to save up that money. I will use a refinance to build my second unit, but am looking for creative financing ideas that I can implement so that I can continue to build more units faster. Any advice is appreciated. 

[Zach Edelman]

@Mitchell Maginnis you'd be able to use the cash-out proceeds to build new units on the parcel you have.