Thanks Emmett, my family and I are actually moving to Florida next month and looking to get an Airbnb or traditional rental going soon (and then rent an apartment while looking for our own long term family residence). I'll keep your name in mind for lending options.
Actually I believe its at least a year. I am researching the guideline, but you bought the home as an Owner and its occupancy fraud if you try to rent it right away. Don't do that. @Kevin-qt4vy 😀
I'm 48 single parent...I just bought a house June of 2022...paid 175,000 for it. I want to remodel my basement for Air B&B...I got a quote for 29,000 for labor and materials but don't know were to go to financing it...I also have 25% down-payment.....please help. Thank you🤦♀️
The rich are taking over. I make good money and have no kids. At 44 Years old, there is no way I can afford 25% down. I don't really know how anyone else has money like this just sitting around... If you do, then you are a fortunate one.
How to finance your first Airbnb - Thanks for liking and subscribing and leave a comment/question!
Can you use Theses loans using a llc
Yes you can. 😀. Dscr loans
Some lenders allow, yes
thank you so much very good information .
Thank you so much for watching!
Thanks Emmett, my family and I are actually moving to Florida next month and looking to get an Airbnb or traditional rental going soon (and then rent an apartment while looking for our own long term family residence). I'll keep your name in mind for lending options.
Thanks Clayton. So we can keep in contact, you can go to www.dempseymortgage.com and click on the purchase button. Talk soon!
You’re in Saint augustine?
I am licensed in all of Florida and Georgia
Hi Emmett, Could I still airbnb my primary if I did a conventional at 5 percent down? Thinking of going with fannie mae.
Yes, but generally they want you to wait 6 mo to a year before you AIRBNB it out.
@@emmettmortgage Can I just airbnb it after 6 months - 1 year without notifying the bank? Because I also have a home in VT that I can move into.
Actually I believe its at least a year. I am researching the guideline, but you bought the home as an Owner and its occupancy fraud if you try to rent it right away. Don't do that. @Kevin-qt4vy 😀
I'm 48 single parent...I just bought a house June of 2022...paid 175,000 for it. I want to remodel my basement for Air B&B...I got a quote for 29,000 for labor and materials but don't know were to go to financing it...I also have 25% down-payment.....please help. Thank you🤦♀️
Well that sounds like a signature or renovation loan. Chexk out Sofi, and even Home Depot/Lowes have their own programs.
Great info
Glad it was helpful!
The rich are taking over. I make good money and have no kids. At 44 Years old, there is no way I can afford 25% down. I don't really know how anyone else has money like this just sitting around... If you do, then you are a fortunate one.
Buying a home can be a great way to start to build your own wealth.
Doesn’t teach me where to find
What do you want to find?