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Updated over 9 years ago on . Most recent reply

User Stats

79
Posts
38
Votes
Frank Iglesias
  • Investor
  • Atlanta, GA
38
Votes |
79
Posts

Vacation home financing

Frank Iglesias
  • Investor
  • Atlanta, GA
Posted

I keep getting people wanting to finance my rentals.  While that is all fine and good the one I really need help with is a vacation rental and it seems everyone but a conventional lender is afraid of these.  This is not a condo on the beach prone to spring break party types.  It is a quiet lakefront retreat in a cozy cove.  I have had very, very few issues with it because it is a newer home and people really have taken very good care of it.  I wish all my rentals were this well taken care of!  The terms I have it on stink so I want better terms but lenders only want standard leases.  Irony is, it makes more money as a vacation home than it would leased and that's with bad financing!

Does anyone know anyone that could possibly assist?

Frank

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