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All Forum Posts by: Nickie Moreno

Nickie Moreno has started 1 posts and replied 1 times.

New Member Introductions

Post: Commercial equity line of credit to finance first Airbnb?

Nickie MorenoPosted
  • Posts 1
  • Votes 1

I am the owner of a seasonal ice cram store. My Business, lot and building have now been paid off for a year(bought on 10 year land contract). I am also a real estate agent. I have long had a dream/plan of buying a few Airbnb in locations that I want to be a "snowbird" in.  My plan has always been to start in  the Savannah, Georgia area. I have an appointment to speak with a lender about doing an equity line of credit against my ice cream store to finance the down payment of my first Airbnb as I don't want to tap into savings. Is this a smart move? Want advice can you all offer?

1 Vote