I am located in Mexico and have 2 vacation rental properties that I have a acquired through long term leases that I have then turned around and rented short term with the owners permission. The profit has been phenomenal and I would like to expand. My expenses when acquiring new properties consist of the deposit and furnishings, which usually only take about 6 months to get back. I have proven the concept and would now like to set up a business name, website, etc. My question is this: What is the best way to borrow money so that I can expand more quickly? I have many people interested in the business and would give me money but I want to make sure I am not giving the farm away. Any advice would be greatly appreciated.
Many ideas come to mind.
You might book some calls with people you follow on Clarity, to flesh some of these out better.
Start a Kickstarter project with high dollar perks of some number of weeks.
Setup a travel site about how to enjoy your particular part of Mexico (sites, activities, seasonal fruit, festivals) + buy traffic from Outbrain + Taboola to your travel site. Then sell your services as a broker to book lodgings. You will first book out your properties, then charge a fee to other property owners to book out their properties.
There are many spins on the above idea.
For example, cut deals with some City's Chamber of Commerce to do an export seminar, where you charge $5K-$10+ for a 30 day excursion for people to come + learn about products they can import from your area.
Now that I think about it, I did created a set of recordings... geez... must of been nearly 10 years of first one, about generating cashflows in other countries. If this might interest you, PM me + I'll try to find these recordings + resources.
Answered 4 years ago