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Updated about 1 year ago,
Lender needs a long term lease for refinance - can I lease to my LLC? Other ideas?
I have a few successful strs in Georgia. I am looking to refinance a couple of them, however my lender requires 2 years of income shown, and I don't have that for these particular houses. They will, however, accept a long term lease. I read somewhere that it might be possible to long term lease them to my LLC, since the LLC is for the STR business, (essentially rental arbitrage myself). Anyone have thoughts on this? I'd love to hear!