All Forum Posts by: Timothy Yost

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*This link comes directly from our calculators, based on information input by the member who posted.

A little info..... this is a 20 unit hotel with rooms rented weekly or monthly. It has a restaurant/bar (Liquor license included in purchase price) on first floor that is currently empty so rental info for that is not included in this analysis. Based on local comps, restaurant should rent for another $1000-$1200 monthly. I will be managing to start with and see how it goes. anything else I missed? anyone want to partner? i have nothing for down payment or closing. I will offer 50% of positive cash flow monthly and 110% repayment of costs when able to cash out refi for initial costs

This property is in central Pennsylvania. I'm not sure if I want to deal with a bar so could possibly sell liquor license after purchase to payback some of initial cost

 I thought same thing and the agent did give me last years total income/expense report. That is what I used for the rental analysis but I wasn't sure how to handle occupancy rate for potential partner or financing. thank you all for the advice

I got an email saying rent redi was now free to pro members so I went to check it out under the tools bar and it asked for payment. Is it not free?

I think this should be looked at as a STR. It's a hotel that rents strictly by the week or month. I havent gotten any firm occupancy rates from sellers agent. What should I use for occupancy rate in my analysis?

I'm curious. Did I do something horribly wrong with this analysis or does nobody want to partner or what? Am i not offering a good enough incentive for a partner? Too much upfront cost?

I thought this was great deal and I'd have at least one offer for a partnership so I'm interested to know if something is very wrong.

Also the price listed in analysis is current asking price so should be some room to come in with a lower offer.

View report

*This link comes directly from our calculators, based on information input by the member who posted.

A little info..... this is a 20 unit hotel with rooms rented weekly or monthly. It has a restaurant/bar (Liquor license included in purchase price) on first floor that is currently empty so rental info for that is not included in this analysis. Based on local comps, restaurant should rent for another $1000-$1200 monthly. I will be managing to start with and see how it goes. anything else I missed? anyone want to partner? i have nothing for down payment or closing. I will offer 50% of cash flow monthly until beginning costs can be repaid and 100% repayment of costs when able to cash out refi for beginning costs.

This property is in central Pennsylvania. I'm not sure if I want to deal with a bar so could possibly sell liquor license after purchase to payback some of initial cost

Im new to REI and brand new to BP. I have been studying alot for years and this is the best place I've found for info and help. I'm thinking in my area I'm trying to do more of a rental portfolio with mostly multi-family buildings. Thank you all so much for being available to bounce ideas off of and for advice and good recommendations

 Ok thank you. I was using numbers from one of the podcasts saying he uses 5% for all 3 of those numbers