All Forum Posts by: Matt Ellis

If you are "office hacking" then it opens up additional resources to you for financing. Take a closer look at SBA loans which can be pretty favorable. Technically it is a business loan and most people use it for working capital, inventory etc. But you are allowed to use it to buy assets including real estate if you have a business that operates on the premise and takes up a certain percentage of the space. If I remember right, it is 51% percent but I may be off.

An anecdotal scenario from a friend who has used it purchase MULTIPLE storage unit complexes - SBA approves it as long as the same LLC is operator as well as the land owner (many accountants will try to split that up into two LLCs for various tax advantages). He occupied 100% of the space that was being purchased but SBA guidelines say you don't have to occupy the whole thing.