Question: I have a property I did a fix and flip on that I am finishing up a renovation on. The prices have declined in this Bay Area market. Basically, if I sell I will probably lose about $150k. Any suggestions on how you might evaluate the loan request? I would rather keep and hold …
Question: I am looking at purchasing an old Motel it’s vacant now but it is a really good place to renovate and run as a boutique Motel. We would showcase the units on Airbnb in uh VRBO. I don’t own any hotels currently but I do own and operate three short-term rental properties and they …
Question: I am working on buying a home service franchise. I need $50,000 for the franchise fee and about another $65k for the van. The other startup costs are about $10-15k. I am employed with a w2 job and have good credit. I have about $30k in savings and not much more. Any suggestions? Ryan …
When to Use Bridge Financing for Multifamily Real Estate Question: I own 11 single family rental properties. I just found a 12 unit in Ohio that I would like to purchase. The purchase price is $750,000. It has 6 units occupied and the property needs a new roof and some interior improvements throughout. My rehab …
Financing an RV park using an SBA 7a loan Question: I am looking at purchasing an RV park in the Midwest close to a lake. The business is mom and pop owned and has not been managed well over the past few years as the owners are getting older. I don’t think the cash flow …
Question: I am buying a franchise. It is a QSR “Quick Service Restaurant.” It does not appear to be on the approved SBA financing list. Any other options that you can let me know about? The total cost between the franchise fee, equipment, and tenant improvements is about $300,000. My credit score is good 730 …