AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
The Co-Host Bros
39 - Buying your first hotel w/Kyle Fugatt from Powerpath
Dec 4, 2024
Kyle Fugatt, a seasoned short-term rental and boutique hotel owner, shares his journey from small-town beginnings to hotel ownership. He discusses the essential steps for acquiring your first hotel, including effective negotiation and strategic renovations. Kyle emphasizes the importance of networking and understanding market dynamics. He also sheds light on financial readiness and tax strategies for real estate investments, making this a must-listen for aspiring hotel owners.
01:29:54
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Kyle Fugatt highlights the transformative journey from short-term rentals to hotel ownership, emphasizing the role of seller financing and creativity in negotiations.
- The importance of realistic budgeting and understanding unforeseen challenges during renovations is crucial for successful hotel management and investment.
Deep dives
Kyle Fugit's Journey into Short-Term Rentals
Kyle Fugit, a short-term rental operator from Georgia, shares his journey from working as an electrical engineer to the world of real estate. He and his wife, Ali, bought their first rental property in 2019 after being inspired by books like 'Rich Dad Poor Dad' and the BiggerPockets podcast. After successfully completing their first deal—renovating it with self-taught skills from YouTube—they began flipping houses and eventually transitioned into the short-term rental market. This shift proved lucrative, earning significantly more than they would have through traditional long-term rentals.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode