Multi-purpose property financing (wedding venue/Airbnb/primary)

[Briana Nasman]

Hello!

Fiance and I are getting married in a couple weeks. We have a 5 year goal to buy land, build a custom house/horse facilities, and retire. Ever the entrepreneur, I keep looking for ways to make our future land profitable. Planning a wedding has brought light to the insane amount of money people spend on these things. There is a venue nearby that charges 12-18k (depending on party size) for JUST the location. 🤑🤢

I'm currently casually looking at a 45 acre, 3 parcel chunk of land. It looks like it would meet our needs. However, I'm wracking my brain trying to figure out a financing situation that would work for a new construction home, horse property, ADU, and a wedding venue. Multiple septic tanks, probably multiple wells, electric hookups, etc. A lot of money would need to go into each part- there's no way we could do that all cash.

Any thoughts? Would it work to buy each parcel separately with a different loan (ie USDA/construction for the house, financing through BarnPros or whatever for barn, SBA for venue?) Or is that insane?

Another thought is that since it's 3 parcels, the ADU could be an actual dwelling- I wonder if we could figure out a way to build the venue with a 2nd construction loan for the 2nd house (at the same time as 2nd house)? Though I'm guessing that's like a MAYBE 50% LTV situation...

Ideally, we'd love to do the ADU/small house and wedding venue first, and build the primary later, as we're happy with our current house/commute for the time being.

If this is insane and impossible, feel free to crush my dreams so I can get over them :)

*almost husband has a very strong W2 job, and I am self employed in real estate sales and several cash flowing rentals