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Updated about 6 years ago on . Most recent reply

User Stats

65
Posts
23
Votes
Wade Alderson
  • Claremore, OK
23
Votes |
65
Posts

How to Finance Loans for AirBNB Condo's at around $30,000

Wade Alderson
  • Claremore, OK
Posted

I am looking to start investing in short term rentals with extended stay renters. The thing is I don't need to buy more expensive properties for oil field migrant workers so I am going to focus on Condos and Apartments that cost between $25,000 and $30,000 (for now anyway) are there any banks that anyone knows of that will finance on a 30 year mortgage for such a small property? I have an in where other people might say this won’t work, I have a friend who works in an office where they scramble every month to find housing for these guys. 

I JUST paid off some debt so I am waiting for my credit to go up and have started paying on my student loan again so that will tick it up every three months or so, but my credit is no where near 800 

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