24 min listen
JF2693: The Secret Strategy for Turning Motels into Profitable Long-Term Housing with Andrew LeBaron
JF2693: The Secret Strategy for Turning Motels into Profitable Long-Term Housing with Andrew LeBaron
ratings:
Length:
29 minutes
Released:
Jan 16, 2022
Format:
Podcast episode
Description
Andrew LeBaron decided he needed to niche down his real estate strategy. That’s when he had the idea to convert motels into long-term stays. Varying slightly from an apartment, Andrew’s motel conversion strategy allows him to cut certain costs and hurdles that typically accompany multifamily properties. In this episode, Andrew walks through the benefits of long-term stays over apartments, the budget differences between motels and multifamily, and how he’s created his conversion strategy. Andrew LeBaron | Real Estate Background Syndicator, Apartment Motel Owner. His business model is reviewing small to midsize motel/hotel assets, underwriting the deal, purchasing, converting, and refinancing. Portfolio: GP on motel assets: 42-unit, 13-unit, 22-unit, and an 18-unit. Upcoming deal for a 129-unit Motel that he will convert to apartments. Based in: Phoenix, AZ Say hi to him at: buymoretime.com | Facebook and Twitter: @andrewinvestor Best Ever Book: Raising Capital for Real Estate by Hunter Thompson Click here to know more about our sponsors: Deal Maker Mentoring | PassiveInvesting.com | FollowUp Boss
Released:
Jan 16, 2022
Format:
Podcast episode
Titles in the series (100)
JF 06: Cautionary Tale of Joint Ventures from an Attorney: Douglas Dowell has been involved in many areas of real estate but we’re going to focus on his background as a real estate attorney. He gives us incredible insight into joint venture agreements and what to look for prior to creating one. He also talks ab by Best Real Estate Investing Advice Ever