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AIRBNB LOANS
AirBNB loans require borrowers to have at least one year experience owning, operating, and managing an AirBNB property with such tasks as renting, screening, collecting rent, and doing repairs. Without experience, there is going to be an issue. There are AirBNB non-QM loans for first time buyers interest only with lower loan to value.
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3 Replies
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Thanks Gus good information to know….
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Johnny, your assumption that you cannot finance an AirBnB’d property with no experience is not correct and I don’t know who told you that. You can finance an AirBnB’d without experience if you contract with a registered property management company. Many real estate agents are registered property management company owners. It can be a one man property management company.
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Brent can you please explain the factors that impact pricing the different types of investment properties such as AirBnB’d units? @Brent