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Updated almost 11 years ago, 01/26/2014
I want to put this deal together and don't know how i should really structure the whole thing.
Okay so I have found a property for 13 million dollars this is a hotel and right now its noi is at 6.5M but it has a potential to have a noi of 152M. Just by that lets me know that business must be very slow or not ran right at all. So here is my plan I have some investors but plan on getting more involved but how would I pay my investors back monthly or annually? This would be our first deal as a group and I want us to go big. I came up with some numbers but I am scared we are going to have to form a reit because thats a lot of money. I was gone see if we could get the hotel for 10.5M. Like I know I want long term investors because we want to do a 15 year hold with or investment. But for something like this what would be a good percentage on the return?