Unlock Explosive Growth: How Short-Term Rental Mortgages Are the Secret Weapon Top Investors Don’t Want You to Know About
- Get prequalified based on your target property and credit (quotes and preapprovals provided without a credit pull)
- Submit income projections from AirDNA or 12 months of trailing booking data if available.
- Submit loan application, credit pull authorization form, and purchase contract (unless refinancing)
- Complete appraisal, insurance, and title.
- Close, usually within three to four weeks.
And you can often rinse and repeat. Once you’ve closed on your first STR mortgage, it becomes easier to do the next. Some investors go from one to five properties in under two years using these loans.
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