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Generate Massive Wealth in Scottsdale, AZ Through Airbnb or Short-Term Rental Property Investing
What is an Airbnb Loan?
An Airbnb loan refers to a type of financing that is used to purchase a property to be used as an Airbnb or short-term vacation rental. Typically, for these types of loans, at least a minimum 15% down payment is required to purchase a property. As a leading lender in the country, we specialize in Airbnb mortgage loans and our knowledgeable staff can provide you with the benefits of investing in a short-term vacation rental. Our CEO, Brian Decker owns a large number of vacation rentals personally and is a great resource.
When looking to finance your Airbnb rental in Scottsdale, AZ, we can help you get the financing needed for your down payment. Options for purchasing your Scottsdale Airbnb include a home equity line of credit or refinancing your primary home and cashing out the equity. Many homeowners were able to secure a low-interest rate so if refinancing is not a good option, a home equity line of credit (a second mortgage) is a good alternative. We can help you start your application for a home equity line of credit (HELOC). The application process is not complicated and you can obtain a line of credit for 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. There are other alternatives to HELOCs if this is not an option for you. Additional options include 401k, savings, stocks, cryptocurrency or RSUs.
Obtaining financing for an investment property in Scottsdale, AZ usually requires the following:
We will provide a detailed AirBNB market analysis of Scottsdale, AZ for any borrower that is pre-approved by Modern Lending for an investment property purchase. This will include the following:
Learn how to secure your first Airbnb loan in Scottsdale, AZ 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!