Real Estate Agent · Member since 2018 · 32 posts · 17 votes
I have been looking to gather some private money to expand my glamp site near Houston. Has anyone raised money for this or found investors? Any tips on where to start besides family and friends? I've funded most by myself and my business partner but trying to see what are some ideas out there. Thanks!
I have been looking to gather some private money to expand my glamp site near Houston. Has anyone raised money for this or found investors? Any tips on where to start besides family and friends? I've funded most by myself and my business partner but trying to see what are some ideas out there. Thanks!
You are much better off waiting and funding on your own. More partners the worse off you will be in the long run.
I’ve had offers to partner on deals in the smokies but it’s just not worth it to me unless it’s family.
I have been looking to gather some private money to expand my glamp site near Houston. Has anyone raised money for this or found investors? Any tips on where to start besides family and friends? I've funded most by myself and my business partner but trying to see what are some ideas out there. Thanks!
You are much better off waiting and funding on your own. More partners the worse off you will be in the long run.
I’ve had offers to partner on deals in the smokies but it’s just not worth it to me unless it’s family.
Contractor/Investor/Consultant · San Diego / Phoenix · Member since 2021 · 12k+ posts · 15k+ votes
3y
Sweat equity. Do it yourself. Rent tractor and backhoes for trenching. Pour your own pads, build your own structures. Figure it out. Huge savings for you....
Sweat equity. Do it yourself. Rent tractor and backhoes for trenching. Pour your own pads, build your own structures. Figure it out. Huge savings for you....
I did this for my first STR on a full rehab, best decision I ever made. I'm mostly writing checks like @John Underwood now, but you learn a lot on the first one. Also, when you get in the ground you meet a lot of people locally. I had some help from several people, but they respect you more for doing it yourself and seeing you working on it. As a result of this, I now have a licensed GC and electrician who will do any job for me now for a ridiculous low price and top priority. They like doing work for me, and they don’t view me as just another “out of state investor” because I was on the ground working in the trenches alongside them.
Sweat equity. Do it yourself. Rent tractor and backhoes for trenching. Pour your own pads, build your own structures. Figure it out. Huge savings for you....
I did this for my first STR on a full rehab, best decision I ever made. I'm mostly writing checks like @John Underwood now, but you learn a lot on the first one. Also, when you get in the ground you meet a lot of people locally. I had some help from several people, but they respect you more for doing it yourself and seeing you working on it. As a result of this, I now have a licensed GC and electrician who will do any job for me now for a ridiculous low price and top priority. They like doing work for me, and they don’t view me as just another “out of state investor” because I was on the ground working in the trenches alongside them.
Thank you for this info! I can definitely see the benefits as I've done alot of work myself already and have met some great local workers.
I have been looking to gather some private money to expand my glamp site near Houston. Has anyone raised money for this or found investors? Any tips on where to start besides family and friends? I've funded most by myself and my business partner but trying to see what are some ideas out there. Thanks!
You are much better off waiting and funding on your own. More partners the worse off you will be in the long run.
I’ve had offers to partner on deals in the smokies but it’s just not worth it to me unless it’s family.
Thank you alot for this. I agree for sure and I have been struggling to figure out how to expand more quickly. I think I need to just keep getting cash flow and then stack up ready for my next site build.
Absolutely! Once you have been in the trenches and sweated and bled with the guys, you are a part of the team. That alone is worth doing it for. Buy an occasional lunch, bring donuts once in a while...Friday go get a 12 pack for the boys...