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Updated over 1 year ago,
Wedding/Rental venue help.
Good afternoon, My name is Garret and I’ve listen to BP podcast for the last couple weeks. My wife and I have been very interested in investing in real-estate for the last couple years but have not pulled the plug. More motivated than ever now with your encouragement and a little more knowledge we feel it’s time. But we’ve had a very interesting proposition come up, a wedding venue near us has come up for sale do to the owner tragically dying, along with the venue comes 3 estates that all sit on the same property over 100 acres. Every estate is rentable and beautifully maintained and finished. The previous owner did not have a WILL in place so the property has gone back to the bank. The asking price is 3.5 million, and to come up with the down payment is mind blowing. It’s a rare opportunity but even more rare is the gifts we would bring to the table along with a sister and brother in law who do photography and videography, a wife who is a florist, and a retired father in-law who was the head maintenance man at a school for the last thirty years that would love to got in on it. What I’m getting at is that we need help lol and I don’t know how to go about it. Any advice of any kind to get us on the right track would be amazingly helpful. Thank you so much. Garret