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Updated almost 5 years ago on . Most recent reply

User Stats

46
Posts
17
Votes
Sean Tippens
  • Rental Property Investor
  • Midland, TX
17
Votes |
46
Posts

How do I make a business that shows income that lenders like....

Sean Tippens
  • Rental Property Investor
  • Midland, TX
Posted

Specifically, I’m trying to figure out how to create a legitimate business that shows income for the purpose of gaining future lending. We currently have 3 properties; 1 is long term rental, 1 is a fully furnished short term (Airbnb), and the other is in construction and we don’t know if we should make it short or long term. We will be needing funding following the completion of this project, and want to lay the ground work for a business showing income that banks like. We’ve been told by some banks that they don’t consider Airbnb to be a constant income source. With the current covid situation, we can all agree that has been true. However, is there a way to bundle all of this income and put it under a business umbrella to show consistent income? Who could I talk to to get guidance? How should we go about this? Any help would be appreciated!

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