Please wait while my tweets load 
Join my mailing list
Enter your email here:
Get the IQ RSS feed.Get new questions and advice on how to raise capital every day to your feedreader of choice!
Link directly to the XML
Startable.com
Feld Thoughts
alarm:clock
Early Stage VC
Reverse Shell Mergers
Guy Kawasaki - Change the World
Jeff Clavier's Software Only
Northeast VC Funding / M&A
AllTop - Venture Capital Feeds
Follow us on Twitter
I own a 3 story brick building, 30,000 sq. feet in Pittsfield, MA. The town is going through an incredible renaissance. When I bought the bldg. in 2003, it was 2/3 rented. Then, I lost some tenants and others downsized. The bldg. is now 2/3 empty. However, in 2004, we did a huge renovation, installing an elevator, gutting and renovating the lobby -- many changes. It's a great building. I must reposition the bldg. I am developing a whole vision to turn it into a boutique hotel and have been doing extensive research. The area can support the hotel. However, I have beaucoup bucks invested already, and need around 3 million in capital to do the construction, pay the staff, management team, etc. for two years, until the hotel is up and running. Do I need angels or vc folks? How do I get back my investment? Paid 550,000 for the bldg. in 2003, put in 200,000 in cash (there was excellent cash flow when I bought it -- otherwise, I wouldn't have bought it!) and another 150,000 to carry it over these years. Plus construction loans etc. So, I guess I have around one million into it. Thanks in advance for some answers.
| First Name: | Last Name: |
| Email: | State: |
| URL: | |
Spread the word! Bookmark this question and help other entrepreneurs
del.icio.us Digg Furl Reddit Ask BlinkList blogmarks Google Ma.gnolia RawSugar Rojo Shadows Simpy Socializer Spurl StumbleUpon Tailrank Technorati Wists Yahoo!
Remember, I may not always know the answer, but I always have an opinion.
The answers I give are my opinions only. You should consult a lawyer before doing anything.
Also, this site is free and run by me. There are plenty of great resources at the links below:
© 2005-2008 Joe Rubin