Rental Property Investor · Coeur D'Alene, ID · Member since 2017 · 12 posts · 1 vote
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
Hi Andrew, I am new to this but have worked with David Clinton, a great guy. Interested in learning more about your work with hard money lenders. Thanks.