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Updated almost 8 years ago,
Financing for Weekly Vacation Rentals
I am new to this site but have been investing in real estate for about 6 years but a leisure pace and with a cross country move in the middle.
I am now taking an aggressive approach with the goal of leaving my day job.
I have found a set of lake houses that would make great weekly rentals in southern Michigan.
What are some suggestions to raise capital for these houses. Hard money lenders don't like weekly rentals and the typical bank isn't going to handle the upfront DTI. Even though the year over year return should be much much higher than a typical rental.
Any suggestions would be appreciated as this will potentially be my first time getting into private equity.
Thanks
Matt