(I keep getting mixed feedback, some people say no some say yes 100% financing is possible)Hotel/MotelCurrent Appraisal $2milAccepted offer $900k120 roomsADR $60Occupancy 30%Rev $700kPIP needs to be completed with a Rehab Loan (additional loan needed)

The home is about 100 years old in a mixed-use area, but it is zoned SFR. 

You need to do some research or ask a broker to give you an idea of the comparable cap rates for gas stations or similar mixed use type of properties in the area.

Although I'm currently the landlord of 2 mixed-use buildings and 1 single-family home in Papillion, NE (a suburb of Omaha), I still consider myself very much a newbie.  

But, my current REI focus is on multi-family/mixed-use development and the land use rules between the county and the city are *very* different.

I feel its time to mix in some flips or wholesaling or rehab projects into my business plan.

As I mentioned to Austin, I have mixed thoughts about taking such a leap.

I could have told you that from the color (shag carpet that was a mix of red, orange, yellow and green).

Interested in new capital partners, multi-family/mixed-use value-add opportunities and land development deals for same.

Currently seeking value add multifamily/retail/mixed use assets in Brooklyn, Manhattan, Long Island City and Jersey City.We will look at deals between 4 & 100 units with a purchase price between 1 & 50MMPlease feel free to reach out to me if you have any properties that fit this criteria.All the best,Nick 646-430-5755