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Updated over 3 years ago on . Most recent reply

User Stats

10
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0
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Jake Tucker
  • Property Manager
  • Spokane, WA
0
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10
Posts

Loan Approval odds?

Jake Tucker
  • Property Manager
  • Spokane, WA
Posted

Airbnb Jumbo Loan!?

I'm looking at a $900k Airbnb property that will have around a 58% ROI.

I have enough for 10% down, only problem is I just got out of school and my income for 2020 is about $0 (invested all my earnings back into my business)

And in 2021 my income will be around $234k.

Odds of getting approved for this big of a loan? Often times they need 2 years worth of tax returns.

Are there any workarounds? Bringing in a co-signer/guarantor?

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