Any one know budget costs for expanding a motel?
Thinking about expanding an existing 12 unit motel to 17, the leaseholder suggested it, land on both sides are for sale with no takers The lease holder then didn’t want to pay 8-9% of the expansion costs in annual rent, because he is rarely 100% now.
I am thinking, about a rent sweetener maybe 2%…[Read more]

We are entering our second Rural Res subdivision.
We buy a home and live in it, land 30,000 to 50,000 sq meters around $750,000.00
After the subdivision the home on 8000 sq meters is worth about $580,000.00 plus extra blocks sold 2-4 @ $300,000 ea.
Raw Land cost $175000.00
Our last one we created 3 extra lots, the Total development costs were…[Read more]

I am wondering if there are others out there like me, looking to buy a investment motel around 1.3 – 1.5,mill, but want to spread the net a little wider by.
1/ Meeting people to do a partnership and moving to the next level up in the 2.5mil plus range, where there may not be the level of competition in the market place.
2/ Make contact with…[Read more]