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Updated over 2 years ago,
Unique Real Estate Business Plan – Not Sure How to Fund It
Hello Everyone,
Without giving too many details away, I have a business plan built around a property in that, after construction, will be highly profitable. I have experience in the industry in which I am planning to target and have plans in place for this be completed within 2 years. My problem, like many others, is to finance this project, which is not a small one. I anticipate after initial purchase of the property and construction, zoning, etc. costs, this will be a $4M-$6M venture. I do not have the funds to finance this build, but I am certain that within 10 years the mortgage will be paid off with profits from the business. I also plan on building multiple locations of these properties, but again, I have been held back from a lack of finances. I have heard the "walk before you run" comment but I already have experience in building unique stays. Any advice?