Looking for a Cash Joint Venture to purchase property in Texas, USA

I am seeking to acquire a part seller financed Hotel property.

PURCHASE PRICE IS $1,495,000

I AM LOOKING TO GET $800,000 TO CONTROL THE PROPERTY

THE SELLER WILL FINANCE THE BALANCE

The JV partner can exit after 12 to 18 months with either a refinance

or sale of the acquired property.

INCOME IS NOW $40,000 A MONTH & GROWING, BANK STATEMENTS & TAX RETURN AVAILABLE UPON REQUEST. HOTEL IS RUN AS AN EXTENDED STAY AND MOST OF THE TENANTS JUST LIVE THERE

 THE HOTEL HAS A LARGE CLOSED RESTAURANT THAT CAN BE LEASED FOR ADDITIONAL INCOME.

MANAGERS LIVE ON SITE

ADDITIONAL INCOME FROM  6 LAUNDRY MACHINES & VENDING. 

Existing P/L

TOTAL YRLY INCOME                         TOTAL YRLY EXPENSES                         NET 
     
$480,000                                                    $167,436                                          $312,564 

MONTHLY AVERAGE

PAYROLL                                                          $5,524

GAS                                                                       $652

CABLE                                                                   $952

TAXES                                                                   $958

INSURANCE                                                       $1,147

POWER                                                              $2,417
      
PHONE                                                                   $425

WATER/TRASH                                                 $1,518

SUPPLIES                                                              $363
Total Monthly Average                                  $13,953

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We can offer a Private Capital Raise  with our Accredited Investors, and  

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J.Hooks

The LPM TRUST

www.thelpmtrust.tk 

We can offer a Private Capital Raise  with our Accredited Investors, and  

get you 100% of the funds you need with

 

NO down payment

NO personal liability or financials required

NO credit requirements

 

For full details  go to :     www,thelpmtrust.tk

Click the tab at top  :    Raise Capital with No Credit

J.Hooks

The LPM TRUST

www.thelpmtrust.tk 

We can offer a Private Capital Raise  with our Accredited Investors, and  

get you 100% of the funds you need with

 

NO down payment

NO personal liability or financials required

NO credit requirements

 

For full details  go to :     www,thelpmtrust.tk

Click the tab at top  :    Raise Capital with No Credit

J.Hooks

The LPM TRUST

www.thelpmtrust.tk 

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