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Updated over 6 years ago,
Finding financing with only income from Airbnb
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.