Rental Property Owner & Real Estate Investor Podcast
Business:Investing
In 2021, Jeremy Garcia's commercial realtor brought him a semi-off-market listing for a 14-acre vacation resort located on the shores of Lake Michigan in North Muskegon.
The resort had been closed for two years due to Covid, and the seller's reported income pre-Covid didn't come close to justifying the $2 million price tag they were asking for.
They also weren't willing to consider seller financing, which seemed to be the only way to justify their price since the lack of a financial history made the property un-financeable.
So how were we able to close on this property in 2022?
In this episode of Next Level Thursday, Jeremy and I break down the challenges we had acquiring this vacation resort and the strategy we employed to find a lender for an un-financeable property.
You can find out more about Scenic Drive Resort and even book a stay by going to https://bookdreamstay.com/.
EP440 Zombie Loans Are Back with Shante Duffy
EP439 What the Next Ten Years in REI Looks Like with Nic DeAngelo
EP438 Investing In Boutique Hotels and Resorts with Jeremy Garcia and Alex Jarbo
EP437 Mid-Year Economic Update with Dr. Paul Isely
EP436 From Homeless to $100M with Dustin Gutkowski
EP435 Triple Your Rental Income with Student Housing with Ryan Chaw
EP434 From $20 in His Pocket to a $35 Million Portfolio With Jason Engelman
EP433 Foundation Repair Secrets with RK Bob Brown
EP432 Navigating Foreclosures with DJ Olojo
EP431 What Does Multifamily Success Look Like? With Gino Barbaro
EP430 Save Money on Your Real Estate Taxes with Cost Segregation and Energy Credits with Erik Oliver
EP429 Investing in Detroit and Owning a FedEx Route with Ramond Harris and Justin Workman
EP428 Why You Should Consider Buying a Franchise with Lance Graulich
EP427 Choosing the Best Heating and Cooling (HVAC) System for Your Property with Howard Bynder
EP426 How Build-to-Rent is Solving the Housing Crisis with Bethany Finch
RPOA Special Speaker Announcement – Ryan Kilpatrick
EP425 How to Invest in Laundromats with Sam Wilson
RPOA Special Speaker Announcement - Maria Giordano
RPOA Special Speaker Announcement - Katie Johnson
EP424 Where to Find Apartment Loans That Pencil Out With Maxwell Wu
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