A short-term loan used to cover the gap between purchasing a new short-term rental property and securing long-term financing. This can be useful for investors who need to act quickly on a property purchase.
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Glossary Term: Financing
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The annual cost of borrowing money, expressed as a percentage rate that includes interest and other fees, often associated with financing a short-term rental property.
A type of mortgage where the interest rate fluctuates based on market conditions. This can impact short-term rental owners who use mortgages to finance their properties, as fluctuating interest rates can affect profitability.