3 Steps to Buy a Hotel with No Money Down · Apartment Investing Secrets

3 Steps to Buy a Hotel with No Money Down

Yes, you read that right. You can buy a hotel without putting any money down.

Here’s how:

Step 1: Find pre-foreclosure hotels.

Step 2: Negotiate a joint venture with the seller. Offer to take over the hotel and pay the mortgage in exchange for at least 70% ownership.

Step 3: Talk to the lender about assuming the mortgage to avoid foreclosure.

Optional: Try to get the lender to waive the 1% assumption fee.

Not all hotel owners and lenders will agree to this. You need to find motivated owners and lenders who have problems making them eager to sell.

Examples of motivating problems:

-The hotel is poorly managed and losing money

-The owner is facing personal issues like divorce and needs to get rid of the hotel.

You can buy a hotel with no cash upfront. However, you might need cash for the hotel’s negative cash flow while stabilizing it. You can raise this money from private investors.

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