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Updated about 3 years ago,
Short Term Rental Income
Hello all, I've been considering short term rentals for some time. I've been diving deep into the financial aspect of how banks view income from rental properties (need to be on previous years taxes for 100% usability or 75% of a lease can be used immediately) so that I can get multiple properties in a year without using private financing or hard money. My question lies in short term rentals. How exactly do banks use this money as income? I know the proper answer would be to talk to a lender but I'm just curious before I start talking with them if there's any simple answers you can all give me. Let me know, Thanks!
Jordan