All Forum Posts by: Aaron Light

 We have considered that as more of a last resort. Something we would consider but hoping we can find a way to make it work without going that route. But certainly a consideration. 

 Interesting approach. We only have access to probably 5% currently for a down payment. 
A. Yes, it is in the country with no zoning or restrictions currently

B. Just one road frontage unfortunately. 

C. Can we do a commercial construction loan if it is not currently zoned commercial? And no construction is needed. It is turn key and ready to go.

D. I like the idea of splitting and selling some lots to help pay down the loan. 

 Buying for the business. The issues is that they only did the business part-time and only for the last year. So unable to get an SBA loan since it is not an established business. 

My wife and I have done STR, LTR, flips, etc. but have a unique opportunity that we want to pursue but stuck on how to structure. Looking for ideas.

The property was purchase a decade ago, but since buying the land the owners have added their primary residence, a secondary residence (that they Airbnb), and now a wedding venue. 

They are recommending an ag loan be taken out to purchase but that requires 20% down, which we do not have the $ for.  It is not zoned commercial and they have not been using the venue for more than a year, so we cannot get an SBA loan for the wedding venue either. We love the place and the opportunity, the financials make sense, but cannot find a good way to set up financing with reasonable down payment. 

We asked about Owner Financing, which they declined. What other creative ideas are out there that we may be overlooking?