Thread replies: 13
Thread images: 2
Thread images: 2
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.
>>
>>1038324
>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?
>>
>>1038330
Miami fl
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.
>>
>>1038324
Don't see why he would screw you. Hope you had a lawyer triple check the documents though. That's the only thing I could think of.
>>
>>1038337
yeah.
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.
>>
Is there no 1031 equivalent in China? You could easily lose all gains to taxes if so.
>>
>>1038884
Also, the fact that you are coming here to feel better about the deal shows your lack of confidence in it. You've made your millions, not point in gambling with them.
>>
>>1038324
>implying a board full of chucklefucks would know better
>>
>>1038339
I'm in st Pete how do I mAke millions like you
>>
>>
>>1038324
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.
>>
>>1039485
Tell you what, DM me on twitter @UsThingUSA
>>
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.
Thread posts: 13
Thread images: 2
Thread images: 2