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All Forum Posts by: Jacob Archambault

Jacob Archambault has started 1 posts and replied 2 times.

Post: Unique Real Estate Business Plan – Not Sure How to Fund It

Jacob ArchambaultPosted
  • Rental Property Investor
  • New Jersey
  • Posts 2
  • Votes 1
Quote from @Michael David:

Hey @Jacob Archambault have you checked out the Hard Money Lending Directory for Oregon? Some of these lenders have new construction and rehab programs. Hard money lenders are best for investors with experience or with the capital to put down at least 20% of the loan value. Hopefully this helps during your planning phase! 


 I think that is my problem actually, I do not have the funds to put forward for 20% of such a large project. Also I should mention the property we have been considering is a residential property with 27 acres, which we hope to build unique stays on a portion of it.

Post: Unique Real Estate Business Plan – Not Sure How to Fund It

Jacob ArchambaultPosted
  • Rental Property Investor
  • New Jersey
  • Posts 2
  • Votes 1

Hello Everyone,

Without giving too many details away, I have a business plan built around a property in that, after construction, will be highly profitable. I have experience in the industry in which I am planning to target and have plans in place for this be completed within 2 years. My problem, like many others, is to finance this project, which is not a small one. I anticipate after initial purchase of the property and construction, zoning, etc. costs, this will be a $4M-$6M venture. I do not have the funds to finance this build, but I am certain that within 10 years the mortgage will be paid off with profits from the business. I also plan on building multiple locations of these properties, but again, I have been held back from a lack of finances. I have heard the "walk before you run" comment but I already have experience in building unique stays. Any advice?