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Updated over 5 years ago,

User Stats

12
Posts
1
Votes
Brian Oberholzer
  • Rental Property Investor
  • Coeur D'Alene, ID
1
Votes |
12
Posts

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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