How to Compare Your Options for Franchise Financing

How to Compare Your Options for Franchise Financing

Question: Hello Beau,
We are in the process of finalizing a franchise agreement for a medical franchise opportunity. We've noticed that we have a substantial amount of equity in our home, which makes us consider a Home Equity Line of Credit (HELOC) as a potential financing option. We'd greatly appreciate your insights on this matter. Currently, we have around $100,000 in liquid assets, $350,000 in an old 401k, and approximately $600,000 in home equity. The total project costs for this franchise, including location buildout and startup fees, are estimated at around $1 million. We're curious to know how you would recommend approaching the financing for this venture.

Thank you in advance for your advice.

Best regards, Amber & Cole

Are you a real estate investor or business owner looking to expand? Book a discovery call with Beau to learn all the ways he can help you - https://investorfinancingpodcast.com/rumble

If you'd like to ask me a question about real estate, do it here -- https://investorfinancingpodcast.com/ask

Timestamps:
Timestamps:
(01:05) Discussion of Amber and Cole's situation and financing options
(01:14) Suggestion to roll over the 401(k) and use home equity
(01:40) Exploring different financing options and leaving equity in the home
(02:06) Recommendation to roll over the 401(k) and use an equity line
(02:36) Discussing the flexibility of having equity and the possibility of expanding the medical business
(03:30) Offer to help with a game plan
(03:39) Benefits of choosing business ownership coach

💥 Thanks for watching 💥
#franchisefinancing #sbaloan #franchisestartup

About Beau: Beau Eckstein is a real estate entrepreneur, TV personality, and commercial mortgage advisor, specializing in construction financing and multi-family lending.

🎥 The video interviews we do on IFP will help you scale your real estate business and learn how to finance all your projects.

About the Channel: Want to structure your investments in the right and secure way?

Learn great insights and make the right decisions through the Investor Financing Podcast hosted by Beau Eckstein.