I currently own a property in the Netherlands where I live but I also use for a Bed & Breakfast (B&B). Meaning, I share my property with my guests. I have solid figures for the last 14-16 months which shows a steady income. For last year tax declaration I have filled the income as "Other income" but for this year I have registered a company.
I am now looking for a new property mainly because:
I have tried discussing this with my current bank but they gave me a cold response, as they are oppose to any kind of room-rental. What other options do I have to raise €250k? Ideally with an interest rate of 8% or lower.
I am now looking for a new property mainly because:
- My current one generates a nice income while living there, but there is not much privacy and its quiet small.
- I would like to expand to offer 2 rooms for B&B instead of 1.
I have tried discussing this with my current bank but they gave me a cold response, as they are oppose to any kind of room-rental. What other options do I have to raise €250k? Ideally with an interest rate of 8% or lower.