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Updated almost 6 years ago on . Most recent reply

Brian Oberholzer's profile image
Brian Oberholzer's profile image
Brian Oberholzer
  • Rental Property Investor
  • from Coeur D'Alene, Idaho
  • Member since Aug 28, 2017
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Brian Oberholzer's profile image
Brian Oberholzer's profile image
Brian Oberholzer
  • Rental Property Investor
  • from Coeur D'Alene, Idaho
  • Member since Aug 28, 2017
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Brian Oberholzer
  • Rental Property Investor
  • Coeur D'Alene, ID
1
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New Member Introductions

Coeur d'Alene investor venturing into first commercial deal

Brian Oberholzer
  • Rental Property Investor
  • Coeur D'Alene, ID
Posted

Venturing into my first commercial deal here in CDA, a motel in nice location. Purchase around 500k, has 14 units, 5000 sqft, 1/4 acre lot, nice shape but could be 800k+ motel with 100k upgrades. Has excellent cash flow potential - easy 2% rule but much bigger in peak season. Bank loans unlikely however, so seeking advice on how to get this deal done. Thank you 

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Sam Rust's profile image
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Sam Rust
  • Specialist
  • from Denver, CO
  • Member since Aug 10, 2017
  • Posts 60
  • Votes 137
  • Experience 7 Yrs
  • Investments 2
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Sam Rust's profile image
Sam Rust's profile image
Sam Rust
  • Specialist
  • from Denver, CO
  • Member since Aug 10, 2017
  • Posts 60
  • Votes 137
  • Experience 7 Yrs
  • Investments 2
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Sam Rust
  • Specialist
  • Denver, CO
137
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Sam Rust
  • Specialist
  • Denver, CO
Replied

@Brian Oberholzer First option I would explore is seller financing, then checking with local credit unions. Best of luck! 

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