In the context of a B&B, BHPH is essentially (also known as owner financing).
: Sellers often charge 1–3% more than current market mortgage rates to compensate for the risk of not being a bank. b&b buy here pay here
Traditional banks are often hesitant to finance B&Bs because they are viewed as high-risk "lifestyle businesses" rather than standard commercial real estate. In the context of a B&B, BHPH is
: You bypass the lengthy appraisal and underwriting processes required by major lenders. In the context of a B&B