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Updated 7 months ago,
Loan on Airbnb property under LLC?
Our LLC has one river-front Airbnb that we run through it. We need to replace our bulkhead, and want to take a loan through the business using the equity in the home.
My husband (who is a partner in the business) is only seeing minimum income requirements of $3,000 a month. We do not clear $3,000 a month on Airbnb income. We both have W-2 jobs.
Can anyone recommend a lender we can use to get a HELOC or HELoan on our investment property that doesn't have business income requirements? Are we overlooking something? Would appreciate any creative financing ideas anyone can offer who may have been in a similar situation?
Thanks!
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Coastal NC, North Carolina