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BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated about 4 years ago on . Most recent reply

Account Closed
  • Real Estate Agent
  • Richmond, VA
34
Votes |
104
Posts

Lending on Airbnb properties

Account Closed
  • Real Estate Agent
  • Richmond, VA
Posted

Does anyone know of any lenders willing to refinance a BRRR Airbnb? I used hard money to buy a house. The loan covers the rehab but I will be keeping the house as an Airbnb. From what I've read, most banks still don't consider the income from an Airbnb the same as a long-term rental. What are people doing to refinance in this situation? My hard money lender is willing to refinance at 4.25%, which isn't horrible and definitely an option, but I would like to shop around.

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1,153
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Tarik Turner
  • Lender
  • Hackensack, NJ
369
Votes |
1,153
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Tarik Turner
  • Lender
  • Hackensack, NJ
Replied

That 4.25% is excellent considering its a STR

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