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Updated about 1 year ago, 10/30/2023
Deal Evaluation - Airbnb
Hi there,
Can somebody help me to evaluate the following deal: https://www.zillow.com/homedetails/124-N-Grant-Pl-Orange-CA-... Iam only qualified for $750k while the purchase price is $1.25 mln. I am only approved for $750k. Can I put down 5% with conventional loan and use the estimated rental income to supplement the rest of the loan? It is within 5-6 minutes to Disneyland and according to AirDna estimate each unit can bring up to 80 grand a year if I Airbnb it.
Looking forward to your thoughs.
Thanks!