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Updated about 8 years ago, 11/16/2016
Luke CarlPoster
#3 Short-Term & Vacation Rental Discussions Contributor
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- Rental Property Investor
- Tennessee Florida
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Vacatoin Rental Mortgage Company
Someone needs to start a bank that specializes in vacation rentals. I'm looking for a new bank to take my business to starting with a primary cash out refi..... I've called 20 banks and NONE of them have any idea how to handle my AirBnB even though it brings in 3X my other properties. They all said I need to talk to my CPA and I better hope 2 years of schedule E is good enough because I can't prove future occupancy without a written lease.
It's a million dollar idea. Run with it. I'll be your first customer.
Well crap it wont let me edit the typo in the subject. Sorry! Just when I was on to a hot topic lol