Has there been any suggestion of combining the purchasing power of forum of members to reduce costs of finance etc ??
The forum is obviously very successful in pooling knowledge, but what about buying power. The combined portfolio power of the forum would be enormous if focussed.
e.g. our motel has just joined an independant network of motels spread over 6 states of Australia totalling now 50 motels, and growing at the rate of 2 per week, and we are in the early stages of combining our buying power in all areas of expenditure like power, gas, phone, chemicals, linen, furniture, etc etc but here's the relevant one for this forum - finance. 50 motels @ conservative average value of $600K each equals a property "portfolio" of $30m.
Most of them are under finance, and we are working on infrastructure plans to make this group functional and cohesive as a buying group of individuals. How would a lender like to refinance that portfolio if it was funnelled their way, and what would a lender offer such a group ? It would certainly be offered the professional investor package one would hope.
As a recentcomer to this forum, I may be sawing sawdust, and if so, my apologies, but I searched the forum and found nothing on this topic.
cheers
crest133
The forum is obviously very successful in pooling knowledge, but what about buying power. The combined portfolio power of the forum would be enormous if focussed.
e.g. our motel has just joined an independant network of motels spread over 6 states of Australia totalling now 50 motels, and growing at the rate of 2 per week, and we are in the early stages of combining our buying power in all areas of expenditure like power, gas, phone, chemicals, linen, furniture, etc etc but here's the relevant one for this forum - finance. 50 motels @ conservative average value of $600K each equals a property "portfolio" of $30m.
Most of them are under finance, and we are working on infrastructure plans to make this group functional and cohesive as a buying group of individuals. How would a lender like to refinance that portfolio if it was funnelled their way, and what would a lender offer such a group ? It would certainly be offered the professional investor package one would hope.As a recentcomer to this forum, I may be sawing sawdust, and if so, my apologies, but I searched the forum and found nothing on this topic.
cheers
crest133
