Chinese client of mine that I trust implicitly let me in on a deal- We're buying a dinky, rundown motel that's sitting on $200 million+ in land for $175 million.
Chinese wants to buy the property, and put it back on the market for 225 mil as a teardown and sell it to another chinese that will spend the hundreds of millions to turn it into a top class luxury motel, and sell 50 million dollar penthouses.
Anyway, he offered me 2% of the property for 3.5 million $ and I gave it to him.
This guy, I've made more than 3 and a half million doing business with him- he has no reason to screw me, right?
He's promised me that everyone is going to make a ton of money.
>what do guys
>asking for advice AFTER you made a decision
You're just trying to assuage your fears because you've taken a big risk. Hope for the best but prepare for the worst, faggot. Give him a reason not to screw you over.
Btw, what province is it in?
He's a guy I've known for years- done maybe 10, 11 million in sales to him over the years.
Guy works 16 hours a day as a banker then goes home and imports shit from me.
I know it's a big risk, but it seems pretty good. The property hasn't been on the market for 50 years but everything next to it went up you know, a billion % since then.
My brother is a lawyer. He checked over the documents and he wants to buy the shares that the Chinese developer sells in the next round- I'm taking my money and running with it, he can have my shares. They will be 4.5 million in 6 months.
Brother thinks they're worth 20 million, with 10 million invested into the property.
I think they're worth 2 million, so we'll see who was right.
I do analysis for a couple big name developers in Miami. I have a feeling I've looked at this deal before but I don't want to discuss it on here. Is there a way to contact you to dicuss OP? I work in brickell. We can sign a confi and all that, I expect some sort of compensation for helping you out, obviously.
My dad lost ALL our money in a similar project, that was back in 2008 when the economy crashed and desu it's looking like the economy may crash again.