All Forum Posts by: Laurence Houde

Thanks Leslie! That is good to know. For my part, I can't pay for the whole land without a mortgage or a loan. I have a down payment that could cover 1/3 or the 1/4 of the price of the land.

Quote from @Leslie Anne Morris:

I’m in Tennessee so this may not work for you but my experience was to buy the land with cash. Then to shop my project idea to several lenders until I found one that was the right fit. The end result was a construction line of credit and after completion a take loan that turns into your typical principal and interest mortgage for 30 years. I would guess you would need the equivalent of a commercial lender in Canada that finances special use projects.

0 Votes

Montreal, Quebec

It seems like a tree house is not considered a permanent structure but I am not sure if it depends on the size. I will need to search a bit more.

Quote from @Dave Stokley:

I’m surprised to hear @Leslie Anne Morris say she was able to get funding for this. Maybe there are some missing details about the project?

I’m looking into some similar ideas and I’m just planning to raise all cash from investors, which I think will be way easier than getting financing for something like this. One difference may be that I’m not looking into building permanent structures, so maybe it’s easier to get a construction loan if your treehouses somehow are considered a permanent structure?

0 Votes

Montreal, Quebec

Hi everyone!

I am currently looking at lands to buy in order to build a luxury treehouse business. My goal is to construct about 6 treehouse in a town in Quebec that is well know for tourism. It's a year round destination since it's a too ski destination and it's a in demand location for summer vacations.

Me and my husband are currently on a lease and we want to make our first real estate investment. What I am thinking about doing is to create 6 treehouses, live in one of them and rent the 5 others.

What I have a hard time to wrap my head around is how exactly is the best way to finance this project.

Questions :

- Should I try to get a business loan or a construction loan?

- Should I buy the land as a part of a business project or with a typical mortgage or land loan that I would put a down payment?

Me and my husband have limited financial ressources (70k to 80k to start with) but I have the drive and the determination to do this. I want to leave my 9-5 government job and focus 100% of my time on building cashflow and capital gains.

Any advices would be greatly appreciated!

I see a huge potential with luxury treehouse to make a lot of money on airbnb.

I studied my market and competition and it make sense.

The one thing that I am struggling with is finding the funds and understanding which type of funding is best for me for this business/short term rental concept.

Thanks and have a great day!

Laurence

0 Votes

Montreal, Quebec

All Forum Posts by: Laurence Houde

Laurence Houde has started 1 posts and replied 4 times.

Post: Financing a treehouse Airbnb/business project

Post: Financing a treehouse Airbnb/business project

Post: Financing a treehouse Airbnb/business project

Post: Financing a treehouse Airbnb/business project