All Forum Posts by: Stephaney Green

This is what they told me 

"I am a lender not fund user. I am to loan money and yours is to invest it and repay me with interest.""No other way to receive such amount other then bank to bank wire transfer"

Who's bank does this go to? If property was less I was going to use funds to upgrade property. Is this still doable? What Is the best term to ask for for $5m? I was going to pay for the property outright. And all other expenses outright that way I just have loan to pay back. 

I do have experience and have asked for partners but no one answered do you believe I'd make more profit from hotels. The hotel I liked was $2m but need upgrades. If it is out of state do I have to be there physically to check on property?

If buying a existing company do I still need an llc

majority of them stay in Alexandria, Fairfax some in DC

I am looking to start either a new business or purchase an existing business. One will be either storage and the other would be campground. Both will need startup of $5m. I have a lender who is willing to lend the money at 15% for 60 months. From what I have read and watched videos on you have to pay this person back monthly which that will be close to $80k a month. When asking realtor to locate a property that will help me make payments that big it was like a slap in the face. How am I supposed to pay them back?

Then from a previous post I read that you cannot use that money for personal use?

How does that much funds arrive in your possession and how can I pay myself out of that money to pay off personal credit to get approved for refinancing?  

Please helpo