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Updated 8 months ago,

User Stats

282
Posts
257
Votes
Matt J.
Pro Member
  • Rental Property Investor
  • Hugo, MN
257
Votes |
282
Posts

How to Finance Rehab to Convert Long Term Rental to Short Term Rental?

Matt J.
Pro Member
  • Rental Property Investor
  • Hugo, MN
Posted

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. 

  • Matt J.
  • Loading replies...