Buying a House Owner Finance & Airbnb'ing the Property
Has anybody ever bought a property owner financed and then Airbnb'd the house? Not only would you pay for the mortgage but in a good Airbnb market, you could have some serious cash flow. Although owner finance properties do have higher interest rates, i understand the availability of money is sometimes more important than the cost. I'm thinking owner finance over a bank loan because I can buy multiple houses and it not show up on my credit unless I incur a foreclosure allowing me to leverage more of my money. I'm thinking about potentially doing this but want to get some feedback ... Thanks!