All Forum Posts by: Mike Grudzien

 You took the words right out of my mouth!  (which is unsanitary... LOL)

James,

I've been seeing a number of articles recently about the downside of container structures.  DO YOUR research.  Having the right financing available might be the least of your hurdles.  Yes, containers can be "cute and unique" for Airbnb, but as a functional living structure, a lot of work needs to be done.

Mike

And make sure that you have appropriate insurance on the property while under construction all the way to the point that it is sold.  If something were to happen, both you and your friend loses.

Kevin,

That's a very vague and brief appeal.
What product is being refinanced?  Mortgage? Private money loan?
Indoor or outdoor pharm?
How many years in operation?
What assets: real estate/land, buildings, water rights, licenses?
What is 50% paid off?  The land?  The equipment and infrastructure?
If indoor: are you running LEDs or hot, expensive old school lights?
If outdoor: open field or hoop houses?  Are you running light dep for 3 crops/year?
What is your ask?  What amount do you need for a loan? $10k or $10mm?
Well, that's enough for starters.
Mike
p.s.I'm a kid from Chicago that goes back 50+ years in the cannabis industry.....

Chad,

I totally concur with Beth Johnson, co-author of Lend to Live: Earn Hassle-Free Passive Income in Real Estate with Private Money Lending published by BiggerPockets.  Couldn't think of the title last night.  This should be your foundational guide.  I highly recommend this book!

Chad,
You're in a good place (BiggerPockets) for lots of good advice, but in the end, you should work with an attorney familiar with real estate, private money loans, promissory notes, property liens, etc.  You will want that attorney to prepare the appropriate documents, use a notary at signing, etc..
Hope this helps.

I agree with Michael Baum.  Too many people jumped on the bandwagon with overpriced properties, high monthly payments to amortize and saturation in some markets.  Of course there's the surprise that this is a people-focused, quick response, hospitality business that needs a certain level of business acumen.  Even with management software, you still have to run a business and be as good as or better than your competitors.

Work with an OFFICIAL Airbnb SuperHost Ambassador 

(beware of private consultants that you have to pay.) 

Airbnb started this program over 3 years ago. Airbnb pays vetted, established SuperHosts with years of successful experience to act as consultants to new Hosts. The Ambassador will work with the new Host from starting their page set-up, all the way to their first booking. When the new Host completes their first booking, the relationship ends and the Ambassador is paid by Airbnb (with no cost to the new Host)."

"I've worked with over 500+ new Hosts and I'm happy to help you. Click the Airbnb link and we're connected. No obligation, but lots of free advice and guidance. You will have up to one year to finish your Listing and get a booking before the connection expires. (copy and paste the link into a browser)

www.airbnb.com/r/mgrudzien1

Here's some information from Airbnb about this program: https://www.airbnb.com/ambassadors

 Trent,

That's an unfortunate experience and definitively a one-off!  I guess there's "one bad apple" in the batch.  The Airbnb Ambassador Program has been highly successful and I'm sure that 99.99% of the Ambassadors are highly dedicated consultants.