Short-Term & Vacation Rental Discussions
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated 8 months ago,
How to Finance Rehab to Convert Long Term Rental to Short Term Rental?
Hey everybody. We own a duplex in a city where there is a cap on the number of vacation rentals allowed EXCEPT in certain areas which are called form districts. This property is in one of those form districts. It is currently operating as a long term rental, but the income would at least triple if we were to convert it to a short term rental.
We own a single family house on the same road, just 4 blocks away in this same form district that is on pace to earn us $35,000 after expenses in 2024, so am confident this duplex would perform well also. Our plan is to convert it from a duplex to a single family home, and I'm just wondering what financing options are out there for a project like this.