Yes, but not without risk. In the current market place that has seen an abundance of troubled hotel properties come to market, your chances are better than ever. However, if you are going to cross-collateralize with an existing property you own, be very sure you are not buying a huge problem that may cause you to lose what you have currently gained. As the old saying goes and applies in this situation, “Let the buyer beware”.
Good luck L.R...... Rob Baird, CA RE License #544165 (One of the oldest, active licenses in CA) 951 515-5855 Email: firstname.lastname@example.org
Jan 13, 2011