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All Forum Posts by: Derek Stevens

Derek Stevens has started 2 posts and replied 11 times.

Creative Real Estate Financing

Post: Small Business loans?

Derek StevensPosted
  • Developer
  • Austin, TX
  • Posts 11
  • Votes 1

@Ryan Alexander

Hi Ryan, I find myself in a similar position as you. I own 9 acres (debt free) in the Dripping Springs, Tx area. I have one yurt style cabin (smiling woods yurts) successfully up and running since January of this year. I am trying to expand with a second and third unit, and am now exploring my financing options.

It seems my options (other than private money) are a land equity loan, or a small business loan, since I have now have 6 months of revenue on the books.

Wondering which route you are pursuing, or what info you have learned since your post a month ago.

Cheers and good luck!

-Derek

0 Votes