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Updated over 3 years ago on . Most recent reply

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Mike Zawistowski
  • Investor
  • Oxford, CT
4
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29
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Getting loans on a vacation rental property

Mike Zawistowski
  • Investor
  • Oxford, CT
Posted

Has anyone been successful in purchasing a home for the direct use of all Airbnb units ? I’m looking to purchase a 6 unit for Airbnb and short term rentals. I own a handful of homes now on long term leases. I’m transitioning some of those units into Airbnb but having trouble finding banks to work with.

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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
Replied

You'll need a commercial loan for more than 4 units. Look for a local commercial loan broker. Google should identify multiple contacts.

  • John Underwood
  • Loading replies...