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One_Honest_Dude OP t1_iydvonl wrote

Reply to comment by SuperSailorSaturn in Own a hotel room? I hadn't heard of that before. by One_Honest_Dude

Would it be financed by a normal mortgage? I would guess it requires a business loan or something. Haha, I can't afford to own where I live, this seems a more affordable route to get into real estate. I read that often these deals include a buyback option for the hotel, do you know if people often sell to others when they want out or do hotels typically try to rebuy all the rooms? I always assumed the hotel owned everything. I need to do more research on risks and the like but I'm pretty interested in this idea.

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SuperSailorSaturn t1_iydxd5n wrote

Im not sure on any of that, I just work the rooms side of those types if properties.
I do know that if you want out you typically list it for sale like it was any other second home used for vacations.

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GaylrdFocker t1_iyfazz9 wrote

Depends what they offer in the Dominican. You probably can't get any loans from a US bank to purchase property there.

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