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Updated over 8 years ago on . Most recent reply
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Hello
I'm new to Bigger Pockets . I've had some investment properties in the past and am currently looking for investors to help me purchase a hotel in Colorado . My biggest obstacle at the moment is coming up with the initial down payment of $125,00.00 for the bank . Short of crowdfunding does anyone have any suggestions on how I can approach potential investors about helping me come up with this down payment ? How do I find such investors ? The hotel has been established for 15 years & the owner has showed my all of his paper work and my yearly income will be $100,00.00 easy so once I can get my foot in the door , I can easily repay my investors it's just coming up with that initial $ 125,000.00 that is my biggest hurdle at the moment . Any advice or suggestions are welcomed as I'm desperate to come to up with this down payment ! Help ! Lol