All Forum Posts by: Mandy Groom

Hey @Mandy Groom, raw land with the promise of development is always a tougher thing to finance. It takes more down and every lender will require more down, not less. Especially if it is for investment purposes. Investment properties almost always require more down, not less.

I would still pursue the SBA loan for the whole thing. 

Hey @Mandy Groom, so a tiny home on a trailer, yurts or tents aren't considered real property and you won't be able to get a mortgage on them.

You might be able to get financing on the tiny homes through the builder.

In the end you might want to look a an SBA loan for operating a business. You might be able to borrow enough to develop and get things rolling. It is a long process.

Now if you could do tiny/small homes on full foundations, that would be a different story.

In the end, a tiny home trailer is a RV and adds no value to the property. The property is worth what it is worth as bare land with utilities in place. If you build those small cabins on foundations, they become real property and would add value to the land.

@Mandy Groom Some options are owner financing and small banks/credit unions. Also, you can look into the possibility of using private money and/or bringing in a partner for the deal. 

Usually, it's best to pursue many options to see what you can and can't do for the deal. 

Hope that helps! 

Hello Mandy, 

I am located in Clearwater as well. As I am also just started out in my real estate investment adventure. 

As I don't have any direct experience in the glamping industry, I do recall listening to the BP Real Estate Rookie Podcast episode #289 with Garrett Brown. In that episode he speaks on his experience on Glamping in Texas. I hope this helps you out. And if you don't mind I would like to add you as a contact. And maybe we will cross paths in the real estate world. 

 Hello Mandy,

So are you planning on buying the land and building or just buying the land and property together?

If A, you could do a bridge loan that will help you buy and build the property or B, maybe a commercial loan or with private money.