Finding financing with only income from Airbnb

[Ricky Stafford]

Has anyone been successful finding conventional financing with only Airbnb income on your tax returns?

I currently have two rentals and am looking to expand. I quit my job a long time ago and don't really want to have to go back. From what I've read and through my brief interaction with a lender, the rentals need to be traditional and I need to provide a copy of the lease.

I know Quicken Loans allows refinancing through Airbnb income alone but is the rest of the industry just too far behind? I could probably technically count it as business income but I don't file a Schedule C or anything and I'm not sure if all of my deductions like depreciation would count as "expenses" in this case. 

Just hoping to get some thoughts and ideas.

[Stephanie P.]

Originally posted by @Ricky Stafford:

Has anyone been successful finding conventional financing with only Airbnb income on your tax returns?

I currently have two rentals and am looking to expand. I quit my job a long time ago and don't really want to have to go back. From what I've read and through my brief interaction with a lender, the rentals need to be traditional and I need to provide a copy of the lease.

I know Quicken Loans allows refinancing through Airbnb income alone but is the rest of the industry just too far behind? I could probably technically count it as business income but I don't file a Schedule C or anything and I'm not sure if all of my deductions like depreciation would count as "expenses" in this case. 

Just hoping to get some thoughts and ideas.

 Hey Ricky

Did you find your financing?  Interested to see the outcome.

Stephanie