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Updated almost 3 years ago on . Most recent reply

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Hotel in Foreclosure, now how to approach it?

Posted

I found a 4-star hotel in foreclosure. I have investors looking for this type of deal. Do I have a chance to approach the company that owns these hotels? If so, how do I approach them? Can anyone give me some advice?

Not sure if this is how this works and if this is the correct place to post this. 

Thank you in advance.

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Chris Davidson
  • Real Estate Agent
  • Boise, ID
888
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1,166
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Chris Davidson
  • Real Estate Agent
  • Boise, ID
Replied

@Elizarica L. Anderson be straight say you saw they were in foreclosure and ask them if they have a plan to stop the foreclosure or are they just going to let it foreclose.

Listen to what they say, then pitch them your plan to stop the foreclosure and buy them out.

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