i thought of a new stratagy will it work very new no deal done ever

[Daniel Coffin]

Hello, i will just post my formula I am know i know nothing and it is just an idea. My idea is to buy hotels with free down payment.  Ex. a hotel has 275 rooms on auction starting at 4.75 mil. i also wonder how much higher properties sell on auction on loop net 10x.  So say investors went in on 6 mill. Investors put down 1 million dollars it is alot though you can get that money back in a month.  The idea work as like this sell 4 rooms a piece to vets with va loans for 350k a piece.  So you sell 20 rooms to vets that 5 sales of 350k a piece which is 1.75 million.  Pay the investors there 1 million down payment. Leaving 750k to wither up grade or just keep for what ever. So now you have 255 rooms.  Instead of running hotel turn into mid term leases apt. So a 5 million loan over 30 is 30k a a month, expenses are between 140k  and 160k a month.  So 180k a month.  Rooms rent for 1200 a month everything included.  So 180k/1200=150 rooms is break even.  If you get 200 rooms is 240k.  This idea works because of alot more like running apt then a hotel.  Because you dont pay flag fees, advertising fees, cleaners, laundry, linens ets.  We should add a 1 clean a month so place stays clean. This hotel also happens to have a bar, kitchen 2 large event spaces 10 small office, a pool, gym.  resteraunt seating.  Laundry rooms, lots of parking.  So all that could be thousands more easily 15gs more a month.  The vets get a deal since they get to live free plus income.  As long as there is a clause that no matter I  owns hotel they keep there property. You can bring in a project manager if they improve vacancy.  Then nobody is dealing day to day.  Simple idea filln a hotel with enough rooms investors put down about %15, then get the vet to buy 4 rooms. investor gets money back. Why did i think of this is i live in bucks county pa there not 1 quadplex or triplex that could break even let alone make me 600.  Also house are expensive in not good  areas. Plus i don't have down payment and don't know how to flip though i still would need money i am a vet so i would do one deal.  And i guess many invetors know some one who has a va loan. The specific property i was looking at is a raddison hotel in feasterville or northeaset philadelphia. on loop net under hotels in feasterville.  It is also 10 mins from my place.  The math works. I was often wondering what over starts do bids go on a loopnet or 10x.  Myself with a va loan i have to live in there for 6 months before i can refinance.  Then i could keep doing this.  if i do this 3 times in 2 years for me i will be bring in 3600 a month. Plus me bring the idea maybe %5 of profits. I have been watching you tube  reading books alot of thinking and running numbers. Do you think this idea or formula will work with right property.