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Updated almost 4 years ago, 03/11/2021
How to Find Funding/JV Partner - Wedding Venue & Air BnB Property
Hi BP community!
I've got my eye on a 38 acre property in northern Oregon. It is perfectly positioned for immediately generating income as a destination STR, since it has two houses on it (one being a large ADU). Both nicely updated & unique. Amazing deck overlooking a pasture and a forest section of the property.
My plan would be to turn the main section of the forested property into a rustic wedding venue (a local venue on a smaller property charges $4,000 per event). So between the Air BnB & wedding events, this property could generate some serious income.
The price is just under the $1MM dollar mark, my hard money lender doesn't fund STRs, and family is not an option.
So of course I'm racking my brain to figure out how to fund this... Ideas?