All Forum Posts by: Rachel Fang

"An Educated Approach to Real Estate" on meetup. : )

https://www.meetup.com/An-Educated-Approach-to-Rea...

@Andrew C. sorry for the late reply - hadn't been on biggerpocket lately.

I don't think this type of investment is common, at least it was my first time learning about it. I believe this is a "creative" way for the developer to fund his project. So an individual investor would invest and own a hotel room (different prices for different types, minimum 100k CAD) and your amount of investment translates into shares. It is a profit sharing model. So there is no ongoing expenses to pay per se, as the profit is calculated after all expenses (like building maintenance and renovation, marketing, staff, etc) are being deducted from all revenue (hotel rooms revenue, restaurants, events, parking, etc). 

This particular hotel is in downtown buffalo but kinda rundown and very mis-managed so it is advertised to have great potential. The projected ROI is somewhere around 15~20%.

The investors that participate this program would own a deeded property. We were initially interested but realized there might be more tax complications across border so we have passed the opportunity. 

I hope I explained well. Let me know if you have any more questions. 

Hi everyone, I am a little late to the party but might as well take this opportunity to introduce myself. I own a SFH in Hamilton and another one in Whitby, along with two condos in Toronto. My strategy is buy-and-hold but I don't think I can buy more as the numbers dont make sense due to inflated prices... I am looking into mortgage investing. Anyone has experience that can share?

Nice meeting you all! 

@Matthew Irish-Jones @David Niles thank you both. 

Yea, it is a massive hotel. The developer's plan is to do a major makeover after closing. 99,900 CAD (equivalent to 70,000~75,000 USD) for retail investors to purchase a unit. Just wondering if there would be enough demand of hotel rooms/event space in Buffalo tho - I know sports is big in the city, besides that, anything else?

I am a newbie here and not quite sure which sub-forum my question should belong to... I am currently presented this opportunity of investing in a hotel (more specifically Adam's Mark) in Buffalo NY. The deal is to own a unit there and participate in a profit sharing program. The new owner of the hotel is a Canadian developer hence this investment is eligible to Canadians (which I am). What do you guys/gals think of hospitality industry in Buffalo? Any insight/opinion is appreciated! Thanks a million. 

Rachel

Hello there, im new here as i joined 1 hr ago. Is there a centralized location for books guests recommended in the interview? Or i need to find them in individual show notes? Thanks!!