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Updated almost 7 years ago,
HOW TO FINANCE A MULTI FAMILY PROPERTY/ RESORT
Hello BP people! I am looking to relocate to Arkansas from Alaska and have come across a potential business investment.
It is a 6 cabin ( Full utilities and kitchenettes), 2 duplex and a 3 bed 3 bath home on 7 acres resort.
From what I understand, Multifamily purchases are based on the income potential rather than your own personal income. Can a resort such as this also potentially quality for a multi family purchase?
If yes, can you please recommend the best way I might go about acquiring such a loan?
Thank you for time in advance!