u/Specialist-Bobcat-76

I think I found my project. I am going to visit them. more updates to come but below are details

1. RC is a non profit owned by city government or quasi government entity like the chamber of commerce so their fees are less than $5k
2. Promoters are long term as in 25+ years In hospitality business
3. Project is building a high brand hotel but what I liked about it is the scope is limited. build one hotel I think under 100 rooms, operate, provide money back in 5 years with I was surprised above average interest. From what I can see they are only going with 8 investors.
4. The promoters have their hotels like 5 or 6 of them and they have alternate financing in place. All in rural areas and this one also is in TEA.

This is my due diligence. I want to invest in project not in RC.

i am going to visit the promoters and the site next week. Let me know if anyone of you want to visit with me or I have also asked them to have a zoom call.

too much uncertainty. thinking of taking out cash and heloc to invest in a rural eb5 project. has anyone done that