Really excited to be working on this motel!
Summary
The video discusses the acquisition of a motel with 20 units. The host plans to add 4 Airstreams, aiming to increase the gross revenue to $500,000 or ideally $1 million. With the net operating income potentially reaching $750,000, the host plans to stabilize the rents and then sell the property at a 10-cap rate, which could result in a sale price of $7.5 million.
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