13d • Seller Call AfterMath
The $35M Question You’re Too Scared to Ask
Before I tell you ANY numbers, let me stop the meltdown you’re about to have.
You’re gonna read the price…
your butthole will snap shut…
your shoulders lock…and you’ll whisper:
“I can’t even make my car payment… this guy and his big numbers…”
Stop.
SHUT UP, Karen!
No one — NO ONE — uses their own money to buy this stuff.
We use asset-based lenders at 70% LTV.
Same steps whether it’s $10k or $100M.
Just more zeros.
Zeros don’t hurt you.
Your fear does.
Now, the deal: 295-room full-service hotel in Texas.
Old Old Old Owner (in his 90s)
No brand. No updates.
RevPAR is $37 while comps do $90–$125.
That’s not a problem.
That’s a money printer taking a nap.
Uh Oh - Math Alert!!!
Buying : less than $8M
Renovations: $6M (I’m rounding UP to make you feel safe)
All-in: $14M
We hire the perfect Management Company that knows how to run shit - I dont have time for that
And Boom - within a year - Get it to an easy, below-market $100 RevPAR:
Gets The Room revenue to = $10.7M
Add conventions/events = ~$13.3M total
NOI = What we keep after ALL DEBTS PAID - about $4M NET a year
Wait - how do we buy this shit?!?!?
Lets assume the market sucks and the thing is only worth $35M… (its worth well over 48MM)
70% LTV of 35MM = $24.5M available to borrow.
Twenty Four Million - with no credit checks, cash by pity backing on someone elses EXPERIENCE.
You’re in for $14M…You can borrow $24.5M…
Any extra for you in there?
MMMMMMMM HMMMMMMMMMMM.
Now stop pretending big numbers are scary and learn how to do this.
I’m breaking it down LIVE tonight at 8:30pm NYC time: www.sellerCalls.com
Its almost the end of the year - and I'm about to end my mentorship carrier...
You won't get access to advanced mentorship unless you apply by Dec 16th
See you on the Call....
Who is honestly scarred of these big numbers? and why do you think that is?!?!
8
5 comments
The $35M Question You’re Too Scared to Ask
skool.com/bigfatchecks
Work Once, Get Paid For Life
Buy Cash flowing Properties. Never risking your own money or credit
How? Use the skills, tools and access of the wealthy
Leaderboard (30-day)
1
+22
2
+14
3
+6
4
+6
5
+6
Powered by