All Forum Posts by: David Lisi

Hey there! I have a chance to buy a significant amount of property in Alaska (fishing lodge) that goes hand in hand with my fishing guide business. The numbers work really well; however, this is my first "big" swing at a real estate play. This property will cash flow nicely, I am just not sure how to get something like this done. (list is 1.6 mil)

Hi David,
assuming you’re operating out of copper landing - now that the highway bypass is funded, how does that affect the property you’re looking at?

I think that it will only increase property values and further make Cooper Landing even more desirable to visit/stay

1 Vote

Anchorage, Alaska

Quote from @Michael Baum:

Hey @David Lisi, so you have an existing guide business. What about looking at an SBA loan to expand that business?

I would for sure try the owner financing first, but this seems like a perfect opportunity to leverage the SBA loan program as you are already operating, what I assume is, a successful guide business.

If you get the lodge, can you consolidate locations with your guide business? If you show you can increase revenue and lower costs of operation, that makes thing work much better for the 1.6m purchase price.

Is the lodge currently operating? Have you looked at their books yet? What kind of work does it need to improve it?

Lots of cool opportunities here IMHO!

It is a 100% turnkey opportunity. Fully furnished (even has all of the linens). I do have access to their historical P&Ls and all the pertinent information. Our guide business is very successful and this would be an excellent opportunity to vertically integrate into our existing business. This is in an area with a very small market (a.k.a. no long term housing and shrinking short term rental opportunities). I would hate for this lodge to be purchased for someone's homestead and further shrink the availability of short term/long term properties available in the area.

0 Votes

Anchorage, Alaska