Don’t get the wrong loan when you’re buying an Airbnb

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WAIT! Before you buy an Airbnb property, make sure you’re getting the right loan for it! Conventional and FHA are not ideal

Here are some better options:
1. DSCR loan - qualify based on the rental income (even projected ) for the property. More flexible underwriting with these loans and can close quickly.
2. If you own already consider tapping into the equity of your home with a refinance or using a line of credit (HELOC) - you can get a lower rate this way vs DSCR
3. There are also special short-term rental loans
4.
Head to moneymindfulcreator.com for more and get in touch with us if you’re looking for a pre-approval!

#airnbnbloans #shorttermrentals #realestateinvesting #moneymindfulcreator
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