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The Smart Way to Finance Your Short-Term Rental
Thinking of turning a vacation home into an income-generating Airbnb? Traditional mortgages often fall short, but short-term rental (STR) loans provide a tailored solution. DSCR loans, for example, qualify properties based on rental income instead of personal earnings, making financing easier for investors. Lenders look at credit scores (620+), reserves, and rental market potential. Beyond financing, STR owners can benefit from tax perks like mortgage interest deductions and 1031 exchanges. If a DSCR loan doesn’t work, alternative funding options like HELOCs and crowdfunding might. Want to learn more about financing short-term rentals? Check out this guide:trussfinancialgroup.com/blog/short-term-rental-financing
The Smart Way to Finance Your Short-Term Rental
Thinking of turning a vacation home into an income-generating Airbnb? Traditional mortgages often fall short, but short-term rental (STR) loans provide a tailored solution. DSCR loans, for example, qualify properties based on rental income instead of personal earnings, making financing easier for investors. Lenders look at credit scores (620+), reserves, and rental market potential. Beyond financing, STR owners can benefit from tax perks like mortgage interest deductions and 1031 exchanges. If a DSCR loan doesn’t work, alternative funding options like HELOCs and crowdfunding might. Want to learn more about financing short-term rentals? Check out this guide:trussfinancialgroup.com/blog/short-term-rental-financing