Recent content by crusty

My background is in the securties industry and while I am familiar with certain real estate markets this one is new to me and I wanted to find out whatever I can first hand, if possible. Brokers can be helpful but they do have an axe to grind and are not necessarily the most objective. Thanks...

If something is for sale for 7-8 years it raises the question as to whether or not the seller is realistic with respect to price. If an Inn is "financially viable" there are well established metrics used to establish price (usually determined by the lender underwriting guidelines). From what I...

Wow. We have a large self-storage property. That market has picked up considerably in the past couple of years. The SBA now accepts self-storage properties, which has helped in many cases. In order to do a 1031 exchange we have to identify the new property within 45 days from the close of the...

I am assuming that thngs have improved from the zero rate of transactions (in every business) back a few years ago. I also assume that while financing has loosed up a bit that seller financing and lease options are still alive and doing well.

Thanks so much for your insight - very helpful. I thought that 25 rooms might be near the breakpoint and we will stick to that. Any thought on cost/room?

My wife and I are approaching the time to sell our NC business, which is heavily real property oriented. We are exploring new alternatives including Country Inns and have just begun our research. We have a large potential capital gain so, while taxes should never be the primary element in this...