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 over 5 years ago,
Can You Get a Business Loan For a Short Term Rental?
I currently have no salary to show mortgage companies cash flow to get a mortgage approved. I don't want to have to spend $250k cash on a house to use as a short term rental because I want to have multiple projects running with less cash locked in. The STR model is a well proven one and I have data to support the market I am going into. Is it possible to get a US business loan for this? If so, what type of interest rates are you hit with?