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Updated about 2 years ago on . Most recent reply

User Stats

8
Posts
15
Votes
Brian Beck
  • Westfield, IN
15
Votes |
8
Posts

Parcel out my land for multiple mortgages for Airbnb cabins

Brian Beck
  • Westfield, IN
Posted

Hey gang.

I am currently under construction of a first cabin on 15 acres in upstate NY in Adirondack mountains. Question is do I need to parcel out the land if I plan on building several cabins on this land in order to potentially get several mortgages? Is it possible to have several cabins on 1 plot of land and get financing from a bank for each one? Just getting closer to completion in next few months and want to have set up correctly. Thoughts on best strategy?

Many thanks,

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