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Updated about 5 years ago on . Most recent reply

User Stats

25
Posts
8
Votes
Adam Ramsey
  • Real Estate Agent
  • Madison, WI
8
Votes |
25
Posts

AirBNB Financing Possible?

Adam Ramsey
  • Real Estate Agent
  • Madison, WI
Posted

I've been toying with getting into AirBNB's. Has anyone had success securing a loan through a bank/CU for a purely AirBNB investment?

I know my W2 income is not enough to buy a standard single family home/condo investment unless there is a lease in place. 

Can I show a bank comparable AirBNB's? 

Any strategies or success stories?

I'm assuming I'd have to buy something with a tenant in it and covert it to an AirBNB or house hack and AirBNB the other half. 

Most Popular Reply

Account Closed
  • Investor
  • National
101
Votes |
123
Posts
Account Closed
  • Investor
  • National
Replied

Adam Ramsey there are some conventional methods out there to purchase a property, but as mentioned previously Airbnb revenue won’t go towards your income. There is some other options out there to grow your Airbnb business like Clear Banc, which loans up to 300,000 based on future booking revenue but for this you would need to already have a active listing set up for at least 6 months. Another option is Loftium which gives you a down payment loan to purchase a house, no interest rates, no repayment. They just require you to list one bedroom in the house on Airbnb and want to split that revenue.

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