How to buy commercial mini resorts and overcome financing challenges

Michael ChangDec 17, 20220m 33s89 viewsScore 75
Pricing & Profitability
intermediate
Pricing Strategy
Revenue Management
Profitability
Investors
M

Summary

AI-generated

The key to buying commercial mini-resorts that are seasonal is seller financing for a year or two, then refinancing, and then showing lenders a full year's worth of revenue.

Key insights

  • Lenders need to see that the data supports an annualized income that will cover the debt service ratios.

Mistakes to avoid

  • Not navigating the challenge of seasonal rentals when purchasing resorts can impact mortgage underwriting due to lack of annualized income data.

Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial