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Updated almost 4 years ago,
Lenders for short term rentals?
Hey everyone, I just bought a couple of airbnb properties in December and want to purchase one more but my debt to income ratio is pretty low because of the acquisition of the new properties. Since the properties are Airbnb and the one I want to purchase is a Airbnb the few conventional lenders I spoke too said I wouldn’t qualify. Does any know of other creative options to obtain a loan for a short term rental?
I guess I could do a hard money loan if the numbers make sense. All opinions appreciated. Thanks!