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Updated over 3 years ago on . Most recent reply
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Airbnb Short Term Lender
Hi BP,
I am an Airbnb Superhost based in upstate NY. I have had some success Airbnbing each unit of a duplex for over 12 months now. In some of the busier months, my Airbnb income is double what I would make if I were to do a normal 12-month lease (after all the Airbnb expenses!)
I am interested in purchasing a single family home strictly with the intent on using it for an Airbnb. Does anyone know of a lender who will finance a purchase under these conditions? I recently heard of a 10% down vacation home mortgage on a podcast, but have not had much luck finding those terms anywhere.
Would love to hear any other Airbnb success stories as well!
Thanks,
Zach