ET Homeowners soon will be able to count income they earn from Airbnb Inc. rentals on applications for refinance loans.A new program -- expected to be announced on Thursday by Airbnb, mortgage giant Fannie Mae and three big lenders -- will allow anyone who has rented out property on Airbnb for a year or longer to count some or all of that money as income.Refinancing can be a way for a homeowner to tap home equity for renovations, college tuition or other big expenses, or to reduce their monthly payments.Lenders have been tougher on income from side businesses and part-time work since the mid-2000s, when poorly documented income claims on mortgage applications helped fuel the housing bubble.Airbnb, which launched in 2008, argues that its service includes reliable technology to track income, and that it is helping middle-class Americans stay in their homes by giving them a way to generate additional cash."

This process isn't supposed to be a giant mystery - if lenders / underwriters are rejecting you for a specific reason, you should be able to ask them what that reason is.

I did the same thing and it was an excellent decision on my part, congrats on almost being a homeowner, and giant bonus points for buying a multifamily to do it.

The vacation rental income out here with the power of giants like AirBnB is phenomenal. 

I know I can do this, but am not sure how to take a giant leap forward and get completely immersed.

Let me ask you, if the shoes were flipped, you are sitting on a giant pile of $$$$ and someone comes along and asks you to give them tens and hundreds of thousands to do an investment deal, which they have never done before, with zero experience or track record of success, would you give them a loan? 

not sure if you've read this (or listened to it on audio), but WALK LIKE A GIANT, SELL LIKE A MADMAN by Ralph Roberts is awesome.welcome to the forums and keep it upbeat!

., @Brian Garrett, and all of the giants on this site.Best of profits to all!

We are able to consistently create 20% cash on cash returns through value add with giant deltas between acquisition price and market value. 

That process sounds like a giant pain in the ***.