STRUnfiltered | Why I am passing on a great deal! #podcast
Summary
Bill Faeth breaks down a high-potential lodge deal that he ultimately passed on due to 'time allocation' and hidden renovation hurdles. He emphasizes that even if the numbers (NOI and Cap Rate) look good on paper, factors like local labor shortages, 90-minute supply runs, and harsh weather windows can turn a 90-day project into a 10-month financial drain.
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