How do I find venture capital?

[redstar1324]

For example, there is a hotel for sale in my area for $4,500,000 that would profit me a lot of money if I could rent it out. How can I find someone to loan me this? I can show them the financials on paper and they would see that the numbers work. It is already an operating business and has been for years.

There are many for sale and it doesn't have to be any as expensive as $4,500,000. I could buy something even for $35,000 that would make a profit. Banks won't loan to me yet. Maybe a "venture capitalist" would?

Has anyone used a venture capitalist before? What kind of terms and rates do they generally offer?

[Harold Mansfield]

For example, there is a hotel for sale in my area for $4,500,000 that would profit me a lot of money if I could rent it out. How can I find someone to loan me this? I can show them the financials on paper and they would see that the numbers work. It is already an operating business and has been for years.

There are many for sale and it doesn't have to be any as expensive as $4,500,000. I could buy something even for $35,000 that would make a profit. Banks won't loan to me yet. Maybe a "venture capitalist" would?

Has anyone used a venture capitalist before? What kind of terms and rates do they generally offer?
Do you have experience in running hotels?
Do you have any real estate or property management experience at all?
Do you have a degree in anything?

What I'm leading up to is, if a VC has all of the money, why do they need you?

If you can't answer that question with anything that's going to impress a VC, you can pretty much hang up anyone just giving you money so that YOU can make a profit.
It doesn't work that way.

[Harold Mansfield]

Closing this thread because you have many open asking the same question about real estate loans and financing.