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23min chapter
$0-$80,000,000 in Boutique Hotels (IN 5 YEARS) W/ Rich Somers
Action Academy | Replace The Job You Hate With A Life You Love
Navigating Risks in Real Estate Investment
The chapter delves into the speaker's experience of cashing out a 401k to bootstrap property acquisitions, emphasizing the importance of calculated risks and strategic planning. It discusses the shift from multifamily to boutique hotels as a more profitable investment option, detailing the success of a beachfront property transformation and the initiation of a boutique hotel fund. The conversation also addresses unexpected challenges in real estate deals and the necessity of adaptability and problem-solving skills in investments.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode