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Generate Massive Wealth Through Airbnb or Short-Term Rental Property Investing
What is an Airbnb Loan?
An Airbnb loan refers to any type of financing that can be used by a real estate investor to buy a property for the purpose of using it as an Airbnb or short-term vacation rental. For these loans, a minimum 15% down payment is typically required to purchase an investment property. As a leading lender, we specialize in Airbnb mortgage loans and our staff is knowledgeable about the benefits as our CEO, Brian Decker owns a large number of vacation rentals personally.
When looking to finance your Airbnb rental, you can get the cash needed for your down payment by using a home equity line of credit or cash-out refinance from your primary home. If your current mortgage loan is at a very low-interest rate, using a home equity line of credit (a second mortgage) is usually the preferred option to preserve your rate. We can assist in arranging the financing needed for a home equity line of credit (HELOC). The process is not long and the line of credit can usually be obtained for an amount up to 80% of the value of your current home. For example, if your primary home is worth $600,000 and you only owe $350,000, you can potentially qualify for a $130,000 equity line to assist in meeting your down payment needs. If a HELOC is not an option, you can also use your 401k, savings, stocks, crypto or RSUs to fund your downpayment.
Obtaining financing for an investment property usually requires the following:
For any borrower that is pre-approved by Modern Lending for an investment property purchase, we will provide a detailed AirBNB market analysis for the particular city where the property resides. This will include the following:
Learn how to secure your first Airbnb loan by downloading CEO Brian Decker’s PDF tutorial today!
If you're interested in financing a second home, a short-term rental or Airbnb please click the link below to start your journey today!