Matteson, IL · Member since 2018 · 9 posts · 2 votes
I am barbershop owner of 11 years and it’s time to own and stop renting. What calculator can I use for projections on the property? Renovations are also needed to make the barbershop operational i was wondering should I get a construction loan or use OPM for the repairs?
Hi Bakari, I think that you haven't gotten answers to your questions because based on this info, we don't know enough to comment. Take a look at the BP calculators as a place to start. You'll know what expenses are like for a barber shop, and what our rent has been. Because there is a business in the mix you are right that you will need to head towards a business loan or private money. Good luck!