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Updated over 5 years ago on . Most recent reply

Anthony Mata's profile image
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Anthony Mata
  • Member since Nov 19, 2019
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Anthony Mata's profile image
Anthony Mata's profile image
Anthony Mata
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Anthony Mata
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Starting Out

Purchasing an RV park

Anthony Mata
Posted

I am interested in purchasing an existing 1 acre RV park in Odessa,TX, where RV spaces are on constant high demand. I have no collateral and have been laid off of work, however I have a signed contract for a job starting in January. My question is regarding the loan type and providing financial information. Would this qualify more for a mortgage loan or small business loan? Since it is a currently occupied RV park that would instantly start generating revenue, could I claim that revenue for income?

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