Tired of rentals that give you little or no cash flow? Burned out from managing multiple properties across different markets? For the entrepreneur who wants to make bigger strides toward financial freedom, today’s guest will share an investing strategy with higher upside—a scalable real estate business that gives you many income streams under one roof: hotel investments!
Welcome back to the Real Estate Rookie podcast! Like many investors, Sujay Mehta started out buying single-family homes. But when he discovered the enormous cash flow potential of hotel investing, he found a few partners and scrounged up the money to buy his first hotel. The myth that you need millions to buy a Marriott or Hilton? Sujay shatters it in today’s episode and provides a step-by-step blueprint that makes finding, funding, and operating hotels much easier than you thought possible!
Stay tuned as Sujay discusses the different types of hotels you can buy and points you toward the perfect first investment for any rookie who’s looking to break into the space. Along the way, you’ll learn three ways to analyze a hotel deal, some common pitfalls to avoid, and the keys to a profitable hotel business!
In This Episode We Cover
Why you DON’T need millions of dollars to start investing in hotels
Creative financing options for new hotel investors (even with low money!)
Boutique versus branded hotels (and which one rookies should invest in)
Fast-tracking financial freedom with a business-plus-real estate investment
Three easy ways to analyze a hotel deal (as a complete beginner)
Costly operational mistakes to avoid when building your hotel business
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-579
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