Airbnb Financing Options

[Casey Walker]

We would like to purchase a lake front property and I am wondering about the available forms of financing.

We have 18 units in our hometown and rent some units on Airbnb and we love spending time at the lake so we would like to combine the two and end up with a beautiful house on the lake that we can rent out on Airbnb and use as a second home for ourselves.

What type of loans should I consider for this type of an investment/purchase?

I believe I could buy a second personal home with a normal mortgage but would they consider the future earnings that it could produce from Airbnb to increase our income to be able to afford it?

We have considered renting our personal home on Airbnb to build a track record of having that income from our personal home, would that be helpful?

In addition to buying more multi family buildings, adding units to the ones that we currently own and continuing to improve the properties to justify continuing to raise the rents each year, what other steps should we be taking now so that we can purchase a lake home/investment in the next two years?

Thanks for any guidance that you have to share,

Casey