For example, there is a hotel for sale in my area for $4,500,000 that would profit me a lot of money if I could rent it out. How can I find someone to loan me this? I can show them the financials on paper and they would see that the numbers work. It is already an operating business and has been for years.
There are many for sale and it doesn't have to be any as expensive as $4,500,000. I could buy something even for $35,000 that would make a profit. Banks won't loan to me yet. Maybe a "venture capitalist" would?
Has anyone used a venture capitalist before? What kind of terms and rates do they generally offer?
There are many for sale and it doesn't have to be any as expensive as $4,500,000. I could buy something even for $35,000 that would make a profit. Banks won't loan to me yet. Maybe a "venture capitalist" would?
Has anyone used a venture capitalist before? What kind of terms and rates do they generally offer?
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