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Updated over 3 years ago,
Financing a vacation rental with no W2.
I recently quite my full time W2 to focus on the flips we had. Now, the money is good and I need to find a place to put the money to avoid taxes. Along with using their depreciation for taxes. I really want to get into the vacation/ short term rental market in FL and the Carolinas. Obviously conventional loans are out. Other than owner financing or assuming the mortgage. What financing options if any, are available? I have read a little about Non-QM loans. But not sure if that applies. I am reaching out here first before I start cold calling lenders.
Thank you!