Use an SBA 7a Loan for an AirBNB / Bed and Breakfast [Rural Location]

Beau, love your podcast. It’s my turn to ask a question and hopefully you can help me get this deal to the closing table.

The property is a large Victorian property about 4500 sq ft and has been running as a bed and breakfast for the past 4 years. I normally buy my STR properties with DSCR financing but this will not work because of the rural location and the underwriting guidelines don’t seem to work for this type of property.

Purchase price is $1,275,000. I can put 20% down. Good credit and make decent money in on my w2.

Any suggestions here?

Thanks,
Gabe

Timestamps
[00:48] Get a local community bank/community type of deal
[01:01] What’s the easiest way?
[01:09] For rural locations, do a USDA BNI loan or SBA 7a loan
[01:15] Which is better, the USDA BNI loan or the SBA 7a loan and why?
[01:38] On real estate, you can have a three-year prepayment penalty
[01:50] Most of the SBA is going to be a variable rate
[02:08] Book a call at https://investorfinancingpodcast.com/rumble

If you'd like to ask me a question about real estate, do it here -- https://investorfinancingpodcast.com/ask

Are you a real estate investor or business owner looking to expand? Book a discovery call with Beau to learn all the ways he can help you - https://investorfinancingpodcast.com/rumble

💥 Thanks for watching 💥
#sba7a #airbnb #bedandbreakfast

About Beau: Beau Eckstein is a real estate entrepreneur, TV personality, and commercial mortgage advisor, specializing in construction financing and multi-family lending.

🎥 The video interviews we do on IFP will help you scale your real estate business and learn how to finance your all your projects.

About the Channel: Want to structure your investments in the right and secure way?

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