Tuesday, February 5, 2013

How to start hotel business? -

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Start by learning the real estate market in your area. Go out and check out places that are for sale. Look at hotels...when you see a educated deal...then you can act...knowing the bank will see it as a deal also..this helps you getting by with a low down payment.So, in summary, really become an expert of the market when it comes to sales prices on hotels..know what you will get for a certain price..sometimes the worst building..in the best area..can lead to a fix up job via some construction..if you can hire contractors to improve the topic place...and make money off of the contrators..is the key...Sometimes, in the United States people can often make 20-30% off the construction of hotels, etc. ( They know the market..what kinda improvements make the most money..like changing fixtures ( Light/water.) etc.

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