Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Commercial Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago,

User Stats

218
Posts
27
Votes
Paul Fagot
  • Wholesaler
  • Redding, CA
27
Votes |
218
Posts

Motel/ restaurant that has potential to be making money!!

Paul Fagot
  • Wholesaler
  • Redding, CA
Posted
Not really sure where to start with this but over the past 2 years or possibly more this motel has been vacant and untouched and I see that money can be made here.. It even has pool and an indoor Hot tub. Also has a like mini restaurant that could get turned in to cafe. It's right next to the main home of the bethel community. So thousands are coming here to live and go to Bethel school. And a lot of them are needing places to stay. I know someone who's renting out her 4 bedroom house who's payments are $1,200 a month and she's charging 8 of them $300 a room. Besides the free way (which it's the beginning of it so it's not like crazy traffic), its in an amazing location. My vision is that you could turn all of the rooms into live able spaces for students or turn half of it to business offices and the other half to the livable spaces. If there was a cafe or mini restaurant that's a money maker because everyone wouldn't have to go into town to eat. The thing I just not really getting is how to price it or finding someone who'd be interested in it? Because it could be good investment if it's bought at the right price and it does need a lot of work so how would I really figure out a rehab cost and an ARV? Not really sure what I would want to do with it. Maybe wholesale it? Any thoughts? Opinions? Advice?

Loading replies...