If I had Eight Hundred and Fifty Thousands Dollars

A favourite past time of mine is browsing Craigslist.  Yesterday, I noticed that a ten (10) units motel located at 1019 Nordic Inn Road, Dorset, Ontario was on sale for $850,000.00.  The photos shown of the actual property located on 1019 Nordic Inn Road was very appealing and a quick search on the internet indicated that the Lake of Bays area is very beautiful and the community is hardworking and friendly.

With housing prices on the rise in the overcrowded city, I would rather buy a motel for $850,000.00 located at wide open space than a tiny little townhouse somewhere in a city that appears to be convenient and scores close to 100% in walks.

Whenever I look at Craigslist posting I am a bit apprehensive because a lot of images are easily obtainable on the internet so while looking at the advertisement, I wondered if the property was really on sale and whether the contact number provided was the real estate agent or owner of the property dealing with the sale of such property.  For example, the same images appeared on trip advisor and the contact information to book a trip at the Nordic Inn was a different telephone number.  Currently, I am contemplating reserving a room for a week so I can know more about the property and the area.  A site visit would be ideal prior to delving into any further due diligence processes.

My mother did announce she wanted to buy a property in a cottaging area every time we go on vacation.  So, why not a motel that comes equipped with 10 units? 

As you know, I write creatively on Tuesday so I will not bore my non-existent readers of the potential operating expenses that one may incur for running a successful/unsuccessful motel business.

Ownership of land and property is fun because you can do anything.  It's more fun at less populated areas because I am guessing fewer rules are in place.  Fewer rules are in place because fewer people to cause trouble.  Fewer troublemakers to deal with means a more peaceful life for everyone.

If I was fortunate enough to own a property like the one advertised obviously there will be some changes to its usage.  I would first spend money to fix it up!  From the images provided, it appears to be well kept and so I am guessing and hoping not much upgrade is required.   However, according to reviews on TripAdvisor new mattress and beds may be required.  I have once stayed at a cottage where the beds were horrible.  I ended up sleeping on the floor with a sleeping bag instead.  I would want anyone staying at my property to sleep on a good bed, great for their back!

Yesterday before noticing this advertisement, I was also looking up at non-for-profit programs that offer one to two weeks camping programs for children.  If I was the owner of a property such as the one that was advertised, it will be of mixed recreational use.  At times, it will operate like a motel and other times it can be rented out to non-for-profit organizations to run their camping activities (obviously, with my on-site supervision).

I have a great idea but I have no capital.  Not because I was or am lazy.  It is hard to make and save money.  There are a lot of things I want to do but I only have two hands and a limited amount of time.  For now, I am going to look up information and see how I could engage in a journey like the one I just wrote about.  I do not plan or intend to go back to a 9 to 5 job where the commute is about 2 hours each day.  I do not want to live like that again.  I lost myself.