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Updated over 6 years ago, 08/10/2018
RE: Help! I Don't Want to Scare my REI Away
So, my partner and I bought an abandoned, undervalued, underestimated property in Marfa TX and with no experience, contractor or designer, created a successful boutique hotel, applying an entirely new Airbnb only model. I was telling my doctor about it and he said he had 300K to invest and was interested in helping us do the whole thing over again. My partner and I got super excited and within a week located the property, visited it, put together a report and a business plan. We think he is interested, but he takes days to get back to us. Meanwhile, the property is sitting there and we just want to put an offer in before it's gone. Any creative ways to entice him? Any warnings of what not to say so he won't run for the hills. We have a track record. And it's in the SoCal market, which is pretty strong right now, should we need to unload as a last-ditch exit strategy. He would own the lien on the building and it's only a two-year commitment with a really good return. What do I do to get this guy to move?