Creative Real Estate Financing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 8 years ago,
Use a small business or SBA loan to buy real estate?
My husband and I own a short term vacation rental cabin in rural Washington State that gets rave reviews and generates about $40K in revenue per year (about $20K profit).
Using our own experiences as urban dwellers who love nature and excellent design sensibilities, we're really good at creating unique, memorable experiences with high quality design.
We'd like to buy more existing vacation properties to rehab and hold for 3-6 years. Also considering buying rural vacant land to build prefab new construction.
We're looking into conventional and hard money lenders, but wondering if there we could take out a small business loan since we're basically running a hospitality business through Airbnb?
Thanks for any ideas!