How I Bought My First Boutique Hotel and Where I See Opportunity Over the Next 18 Months | E6
The Rich Somers Report
00:00
Refinancing Strategy for Property Investment
The strategy involved renovating the property to increase its value to around 4.5 to 5 million, enabling a refinancing at a higher valuation. The new loan proceeds would then pay off the seller and investors, who were willing to roll their money into another deal with the company. The capital raise for this strategy was swift and filled up in less than 24 hours.
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