Investor Financing Podcast
Beau Eckstein
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Beau Eckstein, Real Estate Entrepreneur, TV Personality, Private Money and Construction Financing Specialist and Investor.
Available episodes
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Oldest first
4 hours ago
Can I Buy a Mixed Use Property with an SBA 7a Loan?
Hi Beau, I’m buying a mixed use property with a coffee shop and two residential apartments. Do you use the rental income from the apartments in the DSCR calculation? I plan on adding in some food menu items to the coffee shop and increasing revenue significantly but wanted to see if I could also include the apartments because I think I’m going to have some cashflow issues.
How would you navigate this deal? Thanks, Jesse
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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1 day ago
Purchasing a B&B with Cashflow Using SBA Financing
Hi Beau,
I want to purchase an existing Bed & Breakfast in Norfolk, Virginia. I have the tax returns and the current owner is writing off nearly everything and they’re running a lot of personal expenses through the tax returns.
My question to you is: I am buying it for the value of the real estate alone. There is probably no business value.
If the cashflow isn’t there, is an SBA loan still a viable option?
Thank you, Michelle
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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2 days ago
From 30 to 60 Pads: Buying an RV Park and Financing Expansion with SBA Loans
Hey Beau, I’m looking at buying an RV park. I’m interested in SBA financing. The park currently has 30 pads and about another 5 acres that can be developed to add at least another 30 pads.
Could I find financing for the acquisition of the property AND for the addition of the extra 30 pads?
Thank you! Steve
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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3 days ago
What is a good DSCR for commercial real estate?
Hi Beau, is there a DSCR loan that works well for commercial real estate?
Thanks! Jan
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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3 days ago
Does DSCR include amortization?
In this video, Beau answered a question from Kathy about whether DSCR loans are interest-only or amortized loans.
It depends on the borrower's choice and credit score. They offer both interest-only and amortized loan options for SBA financing, including the 7a and SBA 504 loans.
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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Sep 22, 2023
Do You Include Property Taxes and Insurance When Calculating a DSCR Loan?
Question: Hey Beau, when calculating a DSCR, do you include property taxes and insurance in that calculation?
Just wondering… Jack
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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Sep 21, 2023
Video22-Are DSCR loans 30 years-QandA14 - Audio
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Sep 20, 2023
Video22-Do DSCR loans show up on credit report-QandA13 - Audio
Question: Hey Beau, if I get a DSCR loan, will it show up on my credit report? Thank you, Patty
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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Sep 15, 2023
What are the disadvantages of DSCR?
Question: Hello Beau, everybody is talking about DSCR loans. Can you tell me what the disadvantages are with DSCR loans? Jim
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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Sep 14, 2023
How fast can a DSCR loan close?
Hi Beau,
I'm wondering how long it takes to close a DSCR loan and what's involved in the process? Thanks! Steve
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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Sep 13, 2023
What Are Interest Rates for DSCR Loans in 2023?
Question: Hey Beau, wanted to find out what the current rates are for DSCR loans. Can you help me with that?
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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Sep 12, 2023
What is the maximum loan amount for DSCR Loans?
Q: What is the maximum loan amount for DSCR loans? I'm familiar with DSCR. I want to make sure on a single-family home that the calculations is just the gross rental income divided by the debt service which includes principal, interest, taxes, and insurance. Do I have that right?
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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Sep 11, 2023
What is a good DSCR for commercial real estate?
Hi Beau, is there a DSCR loan that works well for commercial real estate?
Thanks! Jan
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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Sep 8, 2023
Are DSCR loans hard to get?
Q: What's up Beau. Just want to know what underwriters look for in a DSCR deal.
Thank you, Gibson
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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Sep 7, 2023
What are the minimum requirements for a DSCR loan?
Hey Beau, I'm trying to refinance a property that I just finished renovations on. My FICO just went down to 670. Would I still be able to use the DSCR product?
Thanks, Shirley
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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Sep 6, 2023
How do you get approved for a DSCR loan?
Q: Hi Beau, I don't know anything about DSCR loans. I know I can't qualify for a conventional loan because I am now self-employed and can't show too much income at the moment. Please give me an overview of what the process would look like and how I could work with you to see if investment type deals are a good fit for the DSCR loan program.
Thanks, Phil
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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Sep 5, 2023
How Do You Get a DSCR Loan for an Airbnb?
How Do You Get a DSCR Loan for an Airbnb?
Question: Hey Beau, How Do You Get a DSCR Loan for an Airbnb? Thanks, Simeon
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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Sep 4, 2023
How to Use a Franchise Purchase to Obtain an E2 Visa
How to Use a Franchise Purchase to Obtain an E2 Visa Hi Beau, I am looking to fast track my ability to move to the United States by purchasing an eligible franchise. Can you explain the process so I have a better idea on the steps? Thanks, Octavia If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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Sep 1, 2023
What documentation is required to apply for a DSCR loan for investment property?
Q: Hi Beau, I just have a basic question regarding DSCR loans. How is the loan underwritten and what do I need to know to apply? Thanks, Regina
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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Aug 31, 2023
How To Successfully Finance Your CPA Practice Acquisition with an SBA 7a Loan
This episode provides guidance on financing a CPA practice acquisition using an SBA 7a loan. Beau emphasizes the critical nature of addressing financing when considering buying a CPA firm. Many CPAs have faced difficulties selling their accounting firms due to buyers' inability to qualify for financing.
An SBA 7A loan is a government-backed loan program to assist small businesses, including CPA firms, obtain financing. It can provide up to $5 million, and sometimes more, to finance the acquisition. Unlike conventional financing, which can be challenging for CPA practices due to lacking tangible collateral, SBA financing approval is primarily based on historical cash flow, the buyer's experience and qualifications, and credit history.
SBA loans have a lower down payment requirement, with a minimum equity injection of 10%, significantly lower than what traditional lenders require. The interest rates on SBA loans are typically variable and adjusted quarterly based on the Wall Street Jou…
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Aug 30, 2023
The Key to Direct Mail Marketing [Sending Hand-written Notes to Your Prospects]
This episode discusses the benefits of handwritten direct mail for various industries, including real estate and franchises. Rick Elmore, the founder and CEO of Simply Noted, shares his background and how the idea for the company originated.
Simply Noted is a global technology leader in handwritten notes and has developed its own handwriting robot. The company aims to help clients retain and attract new customers by offering personalized and authentic handwritten notes. The industry is considered niche but is expected to grow, and Simply Noted provides customization options and integration with other tools.
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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Aug 29, 2023
Accelerating Retirement: Maximize Profits with Asset Protection and Tax Strategies
The podcast episode features an interview with Scott Royal Smith, the founder, and CEO of Royal Legal Solutions. The discussion revolves around the importance of setting up proper business structures, such as entities and asset protection, to avoid potential lawsuits that could jeopardize one's financial stability. Smith emphasizes the risks of owning assets in personal names and highlights the need for different entity structures to make it difficult for creditors to pursue legal action. The goal is to protect assets through compartmentalization and shield personal credit scores by establishing separate LLCs for operating purposes.
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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Aug 28, 2023
SBA Loan Refinancing Options: Moving from SBA 7a to SBA 504 for Better Rates and Terms
The video titled "SBA Loan Refinancing Options: Moving from 7a to 504 for Better Rates and Terms" explores the benefits of refinancing an SBA loan from the 7a program to the 504 programs. By making this transition, borrowers can enjoy improved rates and terms for their loans. The SBA 7a loan program is designed to cater to general business needs, while the SBA 504 loan program is specifically focused on financing real estate and fixed assets.
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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Aug 25, 2023
SBA 7a vs SBA 504 - Which Loan Program Fits Your Business Needs?
In this episode, Beau and Carey discuss the similarities and differences between SBA 7a and SBA 504 loan programs for a construction project. It suggests that for smaller deals, it may be better to choose the SBA 7a. The decision depends on the long-term goals of the sponsor, particularly if they plan to sell the building within five years. In such cases, the flexibility and shorter prepayment period of SBA 7a make it more favorable.
The SBA 504 has a 10-year prepayment period for both the bank's first lien and the CDC piece. Some banks may offer a five-year prepayment option, but the CDC's prepayment period is fixed at 10 years. The choice between the loan programs also depends on the size of the loan and the sponsor's outlook for the business and property.
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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Aug 24, 2023
How SBA 504 Loans Can Fuel Your Large Construction Projects
SBA rates are coming down and banks are becoming more aggressive in pursuing construction projects. Some banks, including Beau's, have raised their minimum loan amount for SBA 504 loans to around $4-5 million, but are still aggressively seeking construction loans. Beau's bank doesn't fund high-risk loans for hotels, gas stations, or car washes, but funds other industries such as industrial, medical facilities, day cares, and restaurants. Beau offers to help book calls for people who need help with SBA financing, including for SBA 7a and SBA 504 loans, and for various types of financing for startup or existing businesses.
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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Aug 23, 2023
SBA Express Loans Explained 2023
SBA Express Loans are designed to provide quick access to capital for small businesses. These loans have a faster processing time compared to traditional SBA 7a loans. Qualifications for an SBA Express loan include being a for-profit business located in the United States, having a business plan that demonstrates the ability to repay the loan, and meeting the SBA's definition of a small business. Required documents for the loan application may include tax returns, personal and business credit reports, and a personal financial statement. SBA Express loans can be used for various purposes such as working capital, commercial real estate acquisition, debt refinancing, and acquiring franchises or existing businesses.
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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Aug 22, 2023
Understanding Debentures for SBA 504 Loans
In this video, Beau Eckstein explains how debentures work in the context of SBA 504 loans. Many people are confused about the role of debentures in this type of loan. He clarifies that both senior and junior debt is provided by the bank, with the latter being eventually guaranteed by the SBA.
The bank funds the entire loan as a construction loan in the beginning, and an interim loan is provided to cover the CDC piece until construction is complete. Beau offers to help those who are interested in SBA financing or any other type of financing and encourages viewers to book a call with him.
Beau also explains that debenture funding only occurs once a month, usually in the middle of the month, and can take a while to be disbursed. He emphasizes that this is a common point of confusion for many people and hopes to clarify the process.
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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Aug 21, 2023
Understanding the Draw Schedule of SBA 504 Construction Loans
Beau talks about understanding the draw schedule of SBA 504 construction loans in the video. Contractors are paid once a month towards the end of the month, after submitting their invoices throughout the month. There may be some lien waivers that need to be researched before payment. The SBA 504 loan can also fund FF&E (Furniture, Fixtures, and Equipment) for long-term equipment.
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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Aug 18, 2023
Maximizing SBA 504 Financing Options for Construction Projects
SBA 504 financing can be combined with SBA 7a financing for construction projects requiring working capital. The bank mentioned in the video does this frequently, and they currently have a piggyback loan for a franchise restaurant in third position. SBA 7a loans can be used for working capital items that are not eligible for an SBA 504 loan.
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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Aug 17, 2023
What Are the Advantages of the SBA 504 Green Loan?
The SBA 504 green loan is beneficial for construction projects. It provides an extra SBA allotment, allowing three more projects, up to $5.5 million on a green project. The total SBA aggregate can go up to $16.5 million, depending on the senior debt. This loan is suitable for developers running self-storage businesses.
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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Aug 16, 2023
What Is the Maximum Loan Amount for an SBA 504 Construction Loan?
In this video, Beau Eckstein discusses the maximum loan amount for an SBA 504 construction loan. He notes that the answer is on a case-by-case basis, but it is possible to get loans of 17-18 million dollars.
The SBA allowance is used up before the bank's first lean, which can be higher than 50%. Therefore, this allows for higher loan amounts. Bo mentions that some CDC websites claim loans up to 20 million dollars are possible if the first lean lender takes additional risk. However, this is only attainable if it is a strong sponsor and deal.
Beau Eckstein offers to discuss SBA financing, including the 7A and 504 loans, for various business purposes, such as startups, franchise purchases, office building construction, and business expansion. He also offers to provide solutions and walk people through the SBA loan process. If people have any questions about other types of financing.
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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Aug 15, 2023
What Are the Down Payment Requirements for an SBA 504 Construction Loan?
The episode discusses the down payment requirements for SBA 504 construction loans. The down payment required is 10% if the property is not a startup or special-use property. The funds can be brought in by an investor partner who owns less than 20% of the entity. If the investor is involved in day-to-day decisions, the bank may ask them to be a guarantor or limited partner. However, if the investor simply wants to have an equity position, that would be acceptable as well.
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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Aug 14, 2023
Can You Use Equity from Another Property Instead of an Actual Cash Injection on an SBA 504 Loan?
In the real estate industry, equity from another property can be used as the injection for a new construction project or a commercial building that is eligible for SBA financing.
Refinancing the loan on the other property would be necessary for the new project to be a co-borrower. It is possible to structure the deal creatively to use equity from another building.
The video discusses whether equity from another property can be used instead of a cash injection on an SBA 504 loan. In some cases, equity in land that has been purchased or has a large down payment can be used as the injection for a new construction project. For another commercial building that is eligible for SBA financing, the loan on that property can be refinanced to be in first position, and the entity can be a co-borrower on the new construction project. It is possible to structure the loan to use equity from another building as the injection.
If you'd like to meet with Beau to talk financing, book a call here
( h…
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Aug 11, 2023
Types of Businesses Eligible for an SBA 504 Construction Loan
An SBA 504 construction loan is available for businesses that are owner-occupied and meet the eligibility criteria for property and business types.
Some industries, such as real estate development and gambling entities, are not eligible. Eligible businesses range from athletic facilities to warehouses.
The occupancy requirement for new construction is at least 60%, while for existing buildings, it is at least 51%. The SBA also recommends occupying 80% within the first 10 years. However, it is unclear how this is tracked.
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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Aug 10, 2023
What Are SBA 504 Construction Loan Interest Rates and Terms
The video discusses interest rates and terms for an SBA 504 construction loan. The SBA portion of the loan has a fixed rate for 25 years, currently at 5.88%. The bank's first lien is priced by the individual lender, with the bank in the video offering a 33-year term, first three years interest-only, and a prime plus one rate. The interest-only period effectively makes the interest rate 1.5 to 2 points lower. The video offers to book a call to discuss SBA financing options for various purposes, such as buying a franchise or building a new office building.
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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Aug 9, 2023
How Long Does It Take to Get SBA 504 Construction Loan?
The episode is a conversation about the timeline for getting approved for an SBA 504 construction loan. The process can be complex and has many variables that impact the timeline, such as whether the plans are ready, if a general contractor (GC) has been engaged, and how long the permitting process takes in the specific city or county.
In a perfect scenario, where everything is ready, the construction loan can be closed in 60 to 90 days. However, some construction loans take longer, especially when permit approvals are delayed. SBA loans do not take much longer than conventional loans, but the sponsor needs to have their budget and documents in order.
They offer to help people navigate the SBA loan process and explain that they have multiple solutions for those seeking financing, whether it is a startup business, buying an existing business, purchasing a franchise, building a new office building, or expanding an existing business.
The conversation highlights the importance of being…
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Aug 8, 2023
Why the SBA 504 Construction Loan is Still an Aggressive Loan Product in Today's Tightening Market
Question: With banks tightening up, do you expect the SBA 504 construction loan to be one of the few loan products that is still being aggressive?
Answer: Many banks have suspended or eliminated their construction loan programs. The SBA 504 construction loan is still being offered and is considered an aggressive loan product in the market. Banks like Carrus that are still offering construction loans are aggressively seeking out borrowers. The speaker is open to discussing SBA financing options, including the 7A and 504 loans, for various purposes such as buying an existing business, building a new office building, or expanding an existing business.
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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Aug 7, 2023
What Are the Advantages of an SBA 504 Construction Loan?
In this video, Beau discusses the advantages of an SBA 504 construction loan over a conventional loan. He highlights the lower down payment requirement, with only 10% down if it's not a startup, as the biggest advantage of the SBA 504 loan. Additionally, he mentions that with a conventional loan, closing costs have to be paid out of pocket at closing, whereas with the SBA 504 loan, these costs are financed into the loan.
Another advantage that Beau notes is that his bank factors in an interest Reserve into the total project cost, which allows for interest-only payments during construction and no out-of-pocket expenses for the sponsor. This, he explains, is not always offered by conventional banks.
Beau also invites viewers to book a call with him to discuss SBA financing options, including the 7A and 504 loans, for different types of businesses and projects. He emphasizes that his bank offers multiple solutions and can walk viewers through the SBA loan process. Finally, he invites vi…
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Aug 4, 2023
SBA 504 Loans Explained: How CDCs and Lenders Work Together to Fund Your Business
CDC stands for Certified Development Company. There are approximately 230 CDCs across the country, varying in size. CDCs are typically involved in the loan process after a commitment letter is sent, but can also be expedited to speed up the process.
Each Certified Development Company (CDC) is a private, nonprofit organization that is certified by the Small Business Administration (SBA) to promote economic development in local communities by providing funding to small businesses. CDCs typically provide financing under the SBA's 504 loan program, which is designed to help small businesses purchase fixed assets such as land, buildings, and equipment.
The SBA works with CDCs to provide loans with low-interest rates, long repayment terms, and lower down payment requirements than traditional bank loans.
CDCs are required to provide at least 10% of the total loan amount, while the SBA guarantees up to 40% of the loan, with the remaining 50% provided by a participating lender. CDCs work clo…
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Aug 3, 2023
What is an SBA 504 loan?
In this video, the host and guest discuss the SBA 504 loan, specifically in relation to construction loans. The SBA 504 loan is a hybrid between a conventional first loan and an SBA second loan, with the LTV (loan to value) typically being 90% and the borrower putting down 10%. However, for startup businesses or special-use properties, the LTV can decrease to 85% or 80%. The first 50% of the loan is provided by a bank, and the SBA portion is provided by a CDC (Community Development Corporation).
The guest, Carey, works for a bank and helps clients navigate the SBA loan process. He offers solutions for various financing needs, including startups, buying an existing business, buying a franchise, building a new office building, or expanding an existing business. He encourages viewers to book a call with her to discuss their financing options and questions.
The host, Beau Eckstein, is a lending industry veteran with over 20 years of experience. He hosts a channel that discusses all thing…
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Aug 2, 2023
How to Invest in Parking Lots and Mobile Home Parks with Kevin Bupp
Kevin Bupp is the CEO of Sunrise Capital Investors, which invests in various real estate assets across the US. After attending a parking conference, Bupp realized the potential of parking lot investments and identified automation and technology integration as key opportunities to increase revenue. Mobile home park investments have become increasingly competitive, making it difficult to find good deals, but Bupp's team is focused on identifying hidden gems in underserved markets. Data analysis is used to evaluate potential deals based on factors such as cash flow, location, and value-add opportunities. Bupp predicts that there will be stress cracks in the mobile home park market in the next 12-18 months.
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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Aug 1, 2023
Land Banking Explained - How to Build Wealth with Real Estate in 2023
Land banking is the process of buying land inexpensively that is strategically placed in the path of growth and then holding it for a period of seven to ten years until it is sold to a developer at a higher price. The speaker, Brad Warren, who is a certified teacher and a real estate coach, advises that it is important to distinguish land banking from land speculation. Land speculation is simply buying land in the hope that its value will appreciate. However, land banking involves buying land in areas experiencing tremendous growth on the periphery, not in the downtown areas. Warren’s company researches the areas they invest in and buy land ranging from one acre up to 30, 40, 50, 60, or 100 acres.
The land acquired is within a 60-mile radius of downtown Los Angeles, and the company buys the land for the investors. The minimum investment is $25,000, and investors can acquire green energy real estate that is likely to go to an energy company to build a solar farm. Warren explains that…
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Jul 31, 2023
Innovative Mobile Homes: The Solution to Affordable and Sustainable Housing
The episode is an interview with Franco Perez, a mobile home expert who aims to break the stigma surrounding mobile homes as an effective pathway to homeownership for first-time home buyers. Franco shares his personal experience of growing up with immigrant parents, experiencing the hardship of being the sole breadwinner for his family and struggling to pay rent. This led him to discover the untapped potential of mobile homes as a solution to affordable and sustainable housing.
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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Jul 28, 2023
Scale Your Syndication Business: Proven Strategies to Organize and Grow Your Business
Stacy Gray, the founder of Organize to Scale, discusses proven strategies for organizing and growing a syndication business. Stacy started the business when her family needed to streamline their business operations to create more time freedom when her mother was diagnosed with stage four cancer. Stacy created a blueprint for streamlining operations, delegating, and automating tasks. When they returned after her mother's passing, the business was more profitable and streamlined.
Organize to Scale's target clients are Visionary entrepreneurs in any industry who want to create a business that runs smoothly, is profitable, and allows them to focus on the tasks they enjoy. The business takes clients through a three-step process. The first step is architecting the business, where the structure and systems are designed around the client's goals. The second step is building the essential infrastructure, which is handled by a build team, much like a general contractor in real estate. The third…
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Jul 27, 2023
What Is the Biggest Surprise Potential Franchisees Discover in the Franchise Buying Process?
In this video, Beau and Amanda discuss the biggest surprise that potential franchisees discover during the franchise buying process.
Amanda explains that there are two types of clients: those who know what they want and those who think they know what they want but end up realizing that it's not a good fit for them.
The most surprising thing for the latter group is often discovering a business model that they hadn't considered before and falling in love with it.
Amanda emphasizes the importance of being open-minded during the process and trusting the broker's expertise.
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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Jul 26, 2023
Franchise Validation Process Explained - Key Questions to Ask Other Franchisees
In this video, franchise expert Amanda Vargas and Beau Eckstein discuss the importance of the validation process for potential franchisees.
Validation involves speaking to current franchisees in the system to get a better understanding of the day-to-day operations, potential earnings, and overall experience of owning a franchise.
Amanda emphasizes the importance of preparing candidates with a list of key questions to ask other franchisees and offers resources to help them through the process.
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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Jul 25, 2023
Understanding Zorackle Profiles and How They Can Help You Choose the Right Franchise Concept
In this video, Amanda Vargas tells Beau about the importance of taking a Zorackle Profile assessment early on in a candidate's franchise journey.
The Zorackle Profile is a tool used by qualified franchise broker consultants to help potential franchisees, franchisors, and brokers identify the qualities and skill sets needed for successful franchise ownership.
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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Jul 24, 2023
Key Factors to Consider When Choosing a Franchise Broker
The video discusses the benefits of working with a franchise broker and the key factors to consider when choosing one. Working with a broker is the best thing to do because it doesn't cost any extra fees, and they have access to many franchises that you may not have heard of before.
The broker can help you find the right fit for you by comparing different options and considering factors such as your lifestyle and income goals. When choosing a broker, it is important to consider their experience, training, and the size of their franchise inventory. Additionally, they should show genuine interest in helping you find the right fit for you. The video ends with a call to action to subscribe to the channel for more information on financing.
Franchise brokers are professionals who help potential franchisees find and evaluate franchise opportunities. They typically work with a variety of franchise systems and have knowledge and experience in the franchising industry. They can provide valuabl…
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Jul 21, 2023
Is Previous Experience Necessary to Buy a Franchise?
In this episode, Beau talks with Amanda Vargas about whether previous experience is needed to buy and/or own a franchise.
Amanda explains that, in most cases, buying a franchise does not require prior experience in the product or service being offered.
Franchise companies are looking for individuals who can manage and scale the business, hire the right people, and handle important aspects such as KPIs, employee management, networking, and marketing.
They actually prefer that franchisees do not have experience in the technical aspects of the business. Franchises provide an opportunity for individuals to own and operate their own businesses, while still having the support and guidance of an established brand.
Franchisors typically provide training and ongoing support to help franchisees successfully operate their business.
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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Jul 20, 2023
What Is a Franchise Disclosure Document (FDD)?
In this episode, we talk about the Franchise Disclosure Document (FDD) and how it is an important document that potential franchisees need to review.
The FDD is a document to help franchisees understand the responsibilities of both parties. A franchise disclosure document (FDD) is a legal document that franchisors are required by law to provide to potential franchisees in the United States.
The purpose of the FDD is to disclose important information about the franchisor and the franchise system to prospective franchisees so they can make informed decisions about whether to invest in the franchise.
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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Jul 19, 2023
Effective Strategies for Narrowing Your Franchise Search and Finding Your Ideal Opportunity
Question: How do you narrow down the focus of your franchise search? It seems overwhelming with so many concepts. What are the best practices you found over the years working with so many candidates and helping them narrow down their focus?
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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Jul 18, 2023
Spendthrift Trust Explained: Benefits and Drawbacks You Must Consider {Sally Gimon]
On this episode of the Investor Financing Podcast, Beau interviews Sally Gimon, Senior Transition Specialist, Public Speaker, and Travel Enthusiast at https://thetrustisyou.com/.
A spendthrift trust is a type of irrevocable trust that is designed to protect the assets of the beneficiary from being spent recklessly or seized by creditors. The trust is set up in a way that the beneficiary cannot control the assets directly, and instead, the trustee has the discretion to distribute the assets to the beneficiary in a way that protects the assets from creditors or from being spent too quickly. Spendthrift trusts are often used for estate planning, asset protection, and tax planning purposes.
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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Jul 17, 2023
Meet Chad Zdenek: The TV Host with 3 Master's Degrees and Over 150 Million Under Management
Chad Zdenek is a CEO, GP, and TV host with an impressive background, having earned three master's degrees and worked in construction management and structural engineering. He also co-hosted and hosted several TV shows, including "Inside Mighty Machines" on the Smithsonian Channel and National Geographic. Chad's interest in real estate began when he and his brother grew their lighting business to 75 employees and three warehouses in Los Angeles. However, he found running a business to be a ton of work, and he wanted to create passive income, leading him to real estate investment.
Chad's first syndication deal was a solo GP investment in a ten-unit apartment building in Long Beach, which he raised $1.2 million for. He invests mainly in California and Florida, with his focus on multifamily and self-storage properties. Chad also invests in LPs and emphasizes the tax advantages and leverage of real estate.
Chad believes that the key to success in real estate investment is a combination o…
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Jul 14, 2023
Unlocking Your True Potential with Edwin Carrion | Success Beyond Limits
This episode features a conversation with Edwin Carrion, who is a self-made millionaire, mentor, and investor with over 20 years of experience in various industries.
Beau begins with a discussion about the Miami construction and luxury markets, and how Edwin started with building single-family homes before moving to larger projects.
Edwin is self-made, as he believes that everyone is helped by other people along the way, and he attributes his success to his faith in God and his team. Edwin shares about "My First Investment Property," and tells about his experience starting the podcast and interviewing seasoned and new investors. Edwin explains that his podcast is focused on sharing stories about people's first investment properties and the challenges they faced. He believes that everyone shares similar struggles, and it is essential to learn how to overcome them.
The conversation shifts to the topic of real estate and how it can be forgiving if investors can weather storms and stay…
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Jul 13, 2023
Mid-term vs Short-term Rentals - Which is Right for You?
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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Jul 12, 2023
Mid-term vs Short-term Rentals - Which is Right for You? Part 2
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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Jul 11, 2023
Mid-term vs Short-term Rentals - Which is Right for You? Part 1
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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Jul 10, 2023
Unleashing Your Potential - Becoming a Champion of Your Own Success
In this episode of the Investor Financing Podcast, Beau talks to Donnie Boivin, the founder of Success Champion Networking, which aims to help businesses grow through mastermind peer strategies and networking. It was launched to help others who are struggling with their businesses. They offer mastermind groups, networking events, and business summits to provide entrepreneurs with a supportive environment to grow their businesses.
Donnie Boivin is a former Marine who stumbled into the sales world and eventually discovered his company. He started talking about the things he was screwing up in business and people began asking him questions. He then shifted the purpose of his company to help other businesses get to freedom through building a business.
The episode covers how Donnie discovered podcasting after almost losing his farm and how he picked himself up from that situation. He also talks about the Champions Table Masterminds and the Badass Business Summits that his company organiz…
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Jul 6, 2023
Therapy to Wealth - Hank's Journey from Shrink to Real Estate Investor
Beau interviews Henry Svec, a Canadian real estate investor who was a psychologist for 30 years. He talks about his journey into real estate investing, starting with a foreclosure property he bought in 1987 for $52,000, which he turned into a cash-flowing property by building garages to rent out. He then went on to buy more properties in Waterloo, Ontario, where he and his wife bought their first house for their children who were going to university, and they rented out rooms to pay off the mortgage.
Henry talks about his good and bad deals, one of which was buying a building for a million dollars, causing him a great deal of anxiety initially but later bringing him joy. He also talks about a deal that he calls a home run, where he was able to buy a beautiful building and a lot for $370,000, which he thought was a deal because he was only expecting to pay $300,000 for his half of the building.
The conversation touches on the topic of beekeeping and how it relates to real estate inves…
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Jul 5, 2023
Unlock Your Potential: The Importance of Hiring a Coach for Personal and Professional Growth
On this episode of the Investor Financing Podcast, Beau interviews Jesse Fisco, the owner and founder of Emerge Coaching in Salt Lake City, Utah. Emerge Coaching Program is for entrepreneurs and sales professionals that help them truly unlock higher growth and potential.
Beau and Jesse talk about the fundamentals of mindset coaching, along with practical practices that will help entrepreneurs unlock their fullest potential.
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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Jul 4, 2023
Surefire Strategies to Dominate, Execute, and Scale in Business and Life
In this episode of the Investor Financing Podcast, Beau Eckstein talks with Joe McCabe, a successful entrepreneur who has started several businesses, including a real estate company, title company, mortgage company, and assisted living caregiving service.
Joe shares his background growing up in a middle-class family and joining the Army CID after enlisting in the military. The interview covers Joe's various business ventures and his book, "Maintain Your Gear: Surefire Strategies to Dominate, Execute, and Scale in Business and Life," which is based on military principles he learned. Joe emphasizes the importance of taking action and not being afraid to fail, and he encourages listeners to focus on their goals and accumulate assets to achieve financial stability.
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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Jul 3, 2023
Note Investing Explained 2023
On this episode of the Investor Financing Podcast, Beau interviews Fred Moskowitz, an experienced speaker-author, educator, known as the alternative investment expert, and the author of “The Little Green Book of Note Investing: A Practical Guide for Getting Started with Investing in Mortgage Notes."
They talk about the overview of note investing.
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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Jun 30, 2023
Co-Living and Multifamily Conversions 24x7 Cashflow Strategies for Real Estate Investors
The video discusses practical tips for escaping the nine to five work schedule and achieving 24/7 cash flow through real estate investments. The guest, Brian, shares his background in finance and how he transitioned from the corporate world to real estate investment. He discusses his strategy of using the BRRRR (Buy, Renovate, Rent, Refinance, Repeat) strategy to acquire properties with a developer spread, renovate them, and refinance to get all the invested money back. Brian also talks about maximizing cash flow on rental properties by flipping the kitchen to increase the number of bedrooms and utilizing Section 8 affordable housing. He shares his sources for finding cheap deals and emphasizes the importance of integrity and paying contractors on time to attract the best talent. Brian also offers a mentorship program and a "done for you" model for investors who do not have the time or expertise to invest in real estate on their own. He encourages investors to focus on delayed gratific…
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Jun 29, 2023
Unlocking the Power of 4 Key Traits for Business Success
This video features an interview with Nikki Billou, the founder of the e-Circle Academy, who discusses his background and philosophy on business success.
He believes that entrepreneurs are society's greatest heroes and that they need all the support they can get because the forces of culture are currently against them.
Nikki emphasizes the importance of four key traits for success in business:
1. Decisiveness
2. Commitment
3. Coachability
4. Generosity
He also discusses the importance of standing out in one's field and pursuing a strategy of preeminence. Nikki's e-Circle Academy helps entrepreneurs create their own intellectual property and get it monetized, develop a clear understanding of their ideal clients, and provide value to their clients through problem-solving.
Finally, he stresses the importance of making a decision to be successful and taking action to achieve that success.
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.c…
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Jun 28, 2023
The Initial Basic Steps of the Franchising Process [Part 13 of 13]
In this video, Beau and Amanda talk about the initial steps of the franchising process.
Amanda suggested bringing in different brands and concepts for a small group of pre-qualified people to hear in speed rounds.
The first step is to talk to Beau about financing and feasibility, followed by completing an assessment and having a conversation about background and goals with Amanda.
Amanda will share franchise categories and provide education on investment ranges, after which she will conduct research and present two to three franchises for deeper exploration.
The due diligence process will then begin.
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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Jun 27, 2023
IFP EP505-Maximizing Profits with Rental Arbitrage on Airbnb and VRBO - Audio
On this episode of the Investor Financing Podcast, Beau interviews Quentin West, the owner and president of The Cozy Cosmo LLC, a nationwide short-term housing company specializing in helping victims of fire & flood find temporary housing.
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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Jun 26, 2023
Understanding Fees and Costs When Using a Franchise Broker [Part 12 of 13]
In this video, Beau and Amanda answer the question about how fees and costs generally work when working with a franchise broker.
Amanda explained that their services are free for the client, as their fees come from the franchisor's marketing budget.
They have contracts with over a thousand franchises and are paid by the franchisor once a deal is closed or a franchise is found for the client.
The cost to the client is the same whether they work independently or with a broker.
Amanda & Beau have collaborated on a training program for entrepreneurs who want to learn more about owning a franchise called Fran University (https://franuniversity.com). Go there to register for free training.
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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Jun 23, 2023
Fund a Franchise Using Your 401(k) or IRA [Part 11 of 13]
In this video, Beau & Amanda discuss how to invest in a franchise using a 401k or IRA.
Amanda explains that it is possible to do a Rob's rollover and invest the funds into the franchise. This can even be used as an equity injection if getting an SBA loan.
She emphasizes the benefits of using idle funds to buy a business that can cash flow long term, especially if you want to eventually get out of the W-2 rat race.
Amanda & Beau have collaborated on a training program for entrepreneurs who want to learn more about owning a franchise called Fran University (https://franuniversity.com). Go there to register for free training.
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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Jun 22, 2023
Franchising Business Opportunities in Canada [Part 10 of 13]
In this video, Amanda & Beau talk about franchise opportunities in Canada and how FranUniversity can help individuals become successful franchise owners.
Amanda said their services extend to Canada and that they have worked with Canadian clients before. They also mention that they assist Canadians who are applying for the E-2 Visa and immigrating to the US.
Amanda encourages those who are interested in owning a franchise to visit FranUniversity.com, where they can join for free and receive training on choosing the right franchise and running a successful business.
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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Jun 21, 2023
Stages of Growth of a Franchisor [Part 9 of 13]
In this video, Beau & Amanda talk about the stages of growth for a franchisor and how it affects the decision-making process for potential franchisees.
They explain that there are pros and cons to both emerging and established franchise models, and that it ultimately depends on factors such as the franchisor's capitalization, experience, and support for franchisees.
They also describe the bell curve of franchising, with newer franchises on one end and plug-and-play franchises with over 100 locations on the other.
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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Jun 20, 2023
Buy and Own a Franchise While Still Employed [Part 8 of 13]
The video discusses the different franchise models available, including owner-operator, owner-manager, and semi-passive models, and how they can be suitable for people who still have a W-2 job but want to own a franchise.
Amanda talked about the importance of finding a franchise that allows for a semi-absentee model and suggested partnering with someone trustworthy to help ramp up the business until they can leave their job.
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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Jun 19, 2023
Reasons Why You Should Consider Opening a Franchise [Part 7 of 13]
This video discusses the benefits of opening a franchise, including the opportunity to learn about the industry and become a better business person.
The process of opening a franchise is described as systematic, with the help of a franchise broker who guides the potential franchisee through due diligence and validation of the business concept.
Amanda encourages viewers who are interested in escaping the W-2 rat race or owning their own business to consider franchising.
Amanda & Beau have collaborated on a training program for entrepreneurs who want to learn more about owning a franchise called Fran University (https://franuniversity.com). Go there to register for free training.
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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Jun 16, 2023
What To Consider When Owning a Non-Franchise Business Model [Part 6 of 13]
In this video, Beau and Amanda discuss how to approach owning a non-franchise business model, specifically in the case of someone who has already purchased a building and wants to open a coffee shop.
They suggest evaluating the space, its location, traffic, visibility, and parking, as well as researching the market and considering the cost and time it would take to set up and run the business independently.
Amanda suggested looking at the benefits of franchising, such as proven systems and equipment, marketing strategies, and profitability, before making a decision.
Amanda & Beau have collaborated on a training program for entrepreneurs who want to learn more about owning a franchise called Fran University (https://franuniversity.com). Go there to register for free training.
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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Jun 15, 2023
Best Franchise Concept Ideas for Real Estate Investors [Part 5 of 13]
Beau and Amanda discuss franchise concepts in this episode that would be suitable for real estate investors. Amanda Vargas mentions that there are managed model franchises where a management company runs the business for the investor.
There are also property management and flipping homes franchises that cater to real estate investors.
Additionally, there are many businesses related to home improvement, inspections, maintenance, and remodeling that real estate investors can diversify into.
Amanda also talks about how some franchise investors start with one service and then diversify into multiple services under an umbrella company. The video provides a broad overview of franchise concepts for real estate investors.
Amanda & Beau have collaborated on a training program for entrepreneurs who want to learn more about owning a franchise called Fran University (https://franuniversity.com). Go there to register for free training.
If you'd like to meet with Beau to talk financing, book a…
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Jun 14, 2023
Discover the Path to Franchise Ownership
In this video, Beau and Amanda Vargas talk about the vast number of franchise concepts available and how many are found in everyday life, particularly in the fast food industry.
Both Amanda and Beau encourage people to consider non-traditional franchise concepts, such as internet marketing and home-based or service-based franchises.
They also share a success story of a young finance worker who became a franchise owner of a service-based insulation franchise and purchased three territories, which allowed him to triple his income.
Amanda & Beau have collaborated on a training program for entrepreneurs who want to learn more about owning a franchise called Fran University (https://franuniversity.com). Go there to register for free training.
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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Jun 13, 2023
Franchise Ownership Process Explained
In this video, our expert franchise broker, Amanda Vargas, discusses the franchise ownership process.
Prospective franchisees go through a questionnaire to assess their profile and determine which concepts may be a good fit for them.
A franchise disclosure document (FDD) is reviewed for due diligence, which is a lengthy contract that provides an overview of the franchise, including technology, operations, marketing, and ownership requirements.
Franuniversity.com is a free resource that provides training and support for prospective franchise owners. Free registration here: https://www.franuniversity.com
Franchise brokers such as Amanda guide prospective franchisees through the process, including meeting with the franchisor and other franchisees, and eventually visiting the franchise headquarters. It is important to note that establishing ownership of a franchise is a process and requires committing several hours per week for research and meetings.
If you'd like to meet with Beau to…
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Jun 12, 2023
How to Choose the Right Franchise for You
The video discusses the process of choosing the right franchise for a potential franchisee.
Amanda Vargas, a franchise broker, emphasizes the importance of identifying the goals and financial situation of the buyer to find a suitable franchise.
The process involves completing a scientific assessment, exploring different funding options, and working with professionals such as CPAs and franchise attorneys.
The broker presents the buyer with six to eight opportunities and guides them through due diligence and contract review. Amanda also noted that many people end up choosing a franchise concept different from what they initially thought they wanted, and highlights the benefits of the franchise model, including the system and training provided.
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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Jun 9, 2023
Discover the Path to Franchise Ownership - An Overview of the Franchising Business
In this video, Beau and Amanda Vargas discussed franchise concepts and opportunities in buying a franchise.
Amanda, who is a franchise broker, answered many of Beau's questions about franchising. Beau also shared his personal experience in the franchise business and explained how franchising can help individuals achieve financial freedom and build a legacy.
Amanda explained how she got involved in the franchise world and the different opportunities available in franchising, including home-based franchises. She also compared franchising with real estate investment and highlighted the advantages and limitations of both. Are you looking for a franchise to buy?
Book a discovery call with Beau to learn all about owning a franchise - https://www.franuniversity.com/discovery-call
Beau got interested in franchising due to his role in helping franchisees finance their acquisitions through SBA financing and other sources. He dove deeper into the franchise world and decided he wanted to learn…
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Jun 7, 2023
The Leader's Journey: Building a Business from the Ground Up and Developing Your Leadership Skills
On this episode of the Investor Financing Podcast, Beau interviews Matt Shoup, an author, serial entrepreneur, keynote speaker, and the President of M & E Painting and Roofing, M & E Real Estate Ventures, and MattShoup.com (https://mattshoup.com)
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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Jun 6, 2023
How Norhart's Innovative Approach to Multifamily Construction is Solving the Housing Shortage
On this episode of the Investor Financing Podcast, Beau interviews Mike Kaeding, a residential real estate builder and developer and the CEO of Norhart.
Mike shared insights on their unique approach to designing, building, and running apartments that has led to a 20-30% reduction in construction costs, with a goal to achieve 50% over time. One of the key techniques they use is bringing all the work in-house and applying assembly line concepts to building, breaking down the building into smaller chunks or batches, with workers moving down the line every five hours.
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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Jun 5, 2023
Top Proven Content Marketing Strategies for 2023 [Business Growth Hacking]
In this episode, Beau Eckstein brought in special guest Bill Davis to talk about content marketing.
They talked about using tools such as ChatGPT to create and distribute valuable, relevant, and consistent content to your audience. Bill talked about the importance of creating content to get ahead in business, and specifically mentions using video and blogging as ways to create content.
They discuss the importance of having a specific call to action in each piece of content, and targeting a defined audience with relevant and valuable content. Bill also talked about ranking videos on YouTube and web pages in Google.
They finished up talking about useful tools and resources, and the importance of often forgotten email newsletters.
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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Jun 2, 2023
How to Finance Cheap Rental Property Under $75k
On this episode of the Investor Financing Podcast, Beau discussed the strategic ways to finance affordable real estate properties, whether it’s a fix and flip, a rental property, or a potential BRRRR deal.
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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Jun 1, 2023
Accessory Dwelling Unit (ADU) House Hacking Masterclass
In this episode, Derek Sherrell, who has a background in construction and real estate investing, shares his experience with building Accessory Dwelling Units (ADUs) and using them as a way to generate passive income. He provides an overview of ADUs, including their different types and the importance of researching local planning and zoning codes.
Derek emphasizes the benefits of house hacking, which involves building an income stream on a property, such as by renting out a garage or building an ADU. He shares tips for financing ADUs, including seeking out local banks and credit unions, and emphasizes the importance of doing due diligence on contractors before hiring them.
Finally, Derek encourages viewers to be creative and open-minded in their real estate investing endeavors and to seek out networking events to build relationships with other investors.
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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May 31, 2023
How can SBA 7(a) loans benefit a franchise startup?
Hi Beau,
what are the advantages of SBA 7a financing for a franchise startup versus conventional financing? Trying to figure out the differences.
Regards,
Gus
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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May 30, 2023
Financing a Non-Warrantable Condo [DSCR Loan Options]
Hi Beau,
I am in contract for a condo unit. I was preapproved for a loan but when the lender found out it was a non-warrantable condo, they said they couldn't do the loan and they rescinded the preapproval.
Can you explain to me if there are any financing options?
I was buying this as a short-term rental investment property.
Thanks,
Kevin
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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May 29, 2023
Small Business Loans for a Cleaning Business
Hello Beau,
I am looking at three different cleaning business franchise concepts. Their startup costs are between $150k and $285k. I watched your previous episode about the Robs rollover plan. That could be a good option for me over an SBA loan. What are the pros and cons for each of those financing options?
Thanks,
Jeanette
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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May 26, 2023
Financing a Juice and Smoothie Bar Franchise [Keva Juice]
Hey Beau,
I'm working on purchasing a franchise. I really don't want to go with SBA financing because I don't want to get a lien on my investment properties. What other financing options do I have?
Thanks,
Bev
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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May 25, 2023
Financing a Dumpster Franchise [Redbox+]
Hi Beau,
I'm evaluating some dumpster-type franchise businesses. I like this one so far. It's called redbox= dumpsters. Basically there are some franchise start up costs like buying a truck and some dumpsters. Looks like the initial cost will be around $700k.
Looking to you for guidance on how much down payment I would need and what type of SBA loan to apply for.
Thanks,
John
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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May 24, 2023
What type of experience is needed for purchasing an existing restaurant?
Hey Beau,
I am looking at purchasing a restaurant that's been in business for well over 20 years. I don't have any restaurant experience, but I have owned my own small businesses over the last 25 years. One banker I spoke to said his bank won't finance any restaurants unless the owner/buyer has experience in the restaurant industry. Is there a "workaround" for this?
Thanks a bunch.
Patricia
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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May 23, 2023
Financing a restaurant franchise that has only a few units
Hi Beau,
My partners and I have been working with a local bank trying to get SBA financing. We are getting pushback from the lender, saying that although the franchise is in the SBA Franchise Directory, they only have 13 franchisees and they're wanting us to come in with more down payment. They say this is a higher risk. Any ideas or solutions that may work for us?
Thank you!
Nate
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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May 22, 2023
Purchasing rental property under $100k - I can't find a DSCR lender. Help!
Hey Beau,
I've been calling DSCR lenders and everybody has a minimum of $100k with loan amount needing to be at least $75k. I'm buying properties using an equity line and renovating them. They're worth about $85k when I'm done. Do you have any recommendations on getting these small cash flowing properties financed so I can scale up?
Thanks,
Elisa
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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May 19, 2023
What type of franchises are easiest to get approved with SBA 7a Financing?
What type of franchises are easiest to get approved with SBA 7a Financing?
Beau,
My wife and I want to purchase a business and we haven't had any luck finding any existing businesses to purchase, so we started looking at franchises.
We'd like to finance this. What are some things we should look for in a franchise which may make it easier to get financing in the form of an SBA 7a loan?
Thanks!
Wyatt
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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May 18, 2023
Compare Offers from Banks on SBA 7a Financing
Beau, what's the best way to shop and make sure I'm getting the most favorable terms for my business acquisition financing? Purchasing a tire store "non-franchised".
No real estate- just the business.
Thanks,
Gary
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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May 17, 2023
Can I get an SBA 504 Loan to Purchase Real Estate and an SBA 7a for Working Capital?
Beau,
I am looking to buy a warehouse for my remediation company. My understanding is that I can only finance the real estate with the SBA 504. I also want to purchase more inventory, hire some more employees, and get some working capital.
I have been in business for 6 years and should have sufficient cash flow & income. Walk me through your recommendations.
Thanks in advance,
Jimmy
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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May 16, 2023
What is the process for obtaining SBA 7a financing to purchase a franchise with PJ's Coffee
Hey Beau,
I am looking at purchasing a new PJ’s Coffee franchise. My question is: What is the process for obtaining SBA 7a financing? From what I gather it looks like total start up costs would be Total Estimated PJ’s Coffee of New Orleans Franchise Costs: $406,000 to $1,024,000
Thanks,
Thomas
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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May 15, 2023
Fitness Franchise Financing Options with the SBA 7a Loan Program
Hey Beau,
I watched a previous episode “Financing a Planet Fitness Franchise Using SBA 7a Financing”. I am currently contemplating starting a fitness concept. I am evaluating my buying power first. What intrigued me with your past show was that we can potentially get high-leverage financing. I believe my old 401k would qualify for a rollover for my down payment. Essentially, I am not getting much of a return with the 401k and I’d like to roll that into a potentially good cash flowing business. It makes a lot of sense to me!
Please walk me through your thought process on this and what I might want to start looking into. My 401k has about $350k in it and I also have $150k liquid. I am retiring from my career in law enforcement in about 3 years and have the time and bandwidth to get this going now.
Looking forward to hearing your thoughts on a future episode!
All the best,
Tyler
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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May 11, 2023
Financing a Coffee Shop Franchise
Hi Beau, I am a long-time fan of your show. My husband and I are both full time employees. My husband works in tech, and I am in HR.
We have a small portfolio of rental properties and at some point, would like to quit our jobs and run a business. So far, we have been exploring starting a coffee shop franchise. Currently, we have interest in the following franchise concepts.
However, we are just starting our search so this list could change. Scooter’s Coffee
PJ’s Coffee
CAFFEBENE
We would like to utilize our great credit & income and assets to finance as much as possible as we are also trying to grow our real estate portfolio and believe in “good debt”. We are looking for some guidance and would love to hear you talk about options out there and maybe what we might start to look for as we dive deeper into the process?
Thanks,
Louise & Mitch
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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May 10, 2023
Financing a Campground Using an SBA 7a or SBA 504 Loan
I am just about to write up an offer to purchase a campground. What are the best financing options? The campground is located in Northern California. It has 135 campsites, a general store, a laundry facility, and 28 RV hookups. Cashflow appears to be very strong. Seller is relocating out of the country and would probably consider carrying a small note. Purchase price should be $2,495,000.
Thanks,
Julia
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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May 9, 2023
How to Get Financing for a Business Acquisition that Exceeds SBA Loan Limits
Hi Beau,
My partner and I are looking to secure financing to purchase an existing business. Total purchase price is $9.2mm. With the SBA 7a being limited to a max of 5mm what would be our options? No real estate involved, mostly goodwill. The business manufactures outdoor patio furniture. Any suggestions on this?
Thanks,
Jameson
If you'd like to meet with Beau to talk financing, book a call here
( http://bookwithbeau.com/ )
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