Downtown Motel turned VRBO & Mid-Term Rental

[Jeremy Brown]

Investment Info:

Large multi-family (5+ units) commercial investment investment.

Unable to disclose the sold price.
Represented a buyer on the purchase of an 18-Room Motel in downtown Sandpoint. My client has remodeled the rooms and has increased rents by utilizing both short-term and mid-term rentals.

What made you interested in investing in this type of deal?

Location and opportunity for an increase in property value along with good cash flow.

How did you find this deal and how did you negotiate it?

The property was listed for sale.

How did you finance this deal?

Cash and Private Money

How did you add value to the deal?

Negotiation of Terms

What was the outcome?

A very happy client with a great investment property.

Lessons learned? Challenges?

How changing the rental type can greatly increase income and generate a more consistent cash flow.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I am the real estate professional.