Vacatoin Rental Mortgage Company

[Luke Carl]

Someone needs to start a bank that specializes in vacation rentals. I'm looking for a new bank to take my business to starting with a primary cash out refi..... I've called 20 banks and NONE of them have any idea how to handle my AirBnB even though it brings in 3X my other properties. They all said I need to talk to my CPA and I better hope 2 years of schedule E is good enough because I can't prove future occupancy without a written lease. 

It's a million dollar idea. Run with it. I'll be your first customer. 

Well crap it wont let me edit the typo in the subject. Sorry! Just when I was on to a hot topic lol 

[James Carlson]

Hey @Luke Carl . That is a cool idea, and hopefully some lenders on here can chime in. My guess is that not only are they going to be worried about future occupancy you can't prove yet, but they're also going to worry about the unstable regulatory environment we're currently in with regards to short-term rentals. I know Nashville is pretty open about it, but it seems like things are changing quick with Airbnb and who knows what the future holds. Can't get money based on rental numbers that might not be possible in the future.

That said, if someone out there is offering this type of product, I want to know.