The Best Ever CRE Show JF3040: Converting Hospitality into Long-Term Rentals ft. Andrea Foley
Andrea Foley is the CEO/CFO of Generational Wealth Capital, which specializes in reimagining hospitality for long-term wealth. In this episode, she discusses how she is building wealth by purchasing mom-and-pop hotels in smaller towns and converting them into multifamily apartment buildings.
Andrea Foley | Real Estate Background
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CEO/CFO of Generational Wealth Capital, which specializes in reimagining hospitality for long-term wealth. She is currently on her second hotel-to-multifamily conversion and also owns and plans to grow short-term rentals.
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Portfolio:
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GP of two properties with a total of 175 units
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Reinvesting all LP funds into her own projects at the moment
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Based in: Omaha, NE
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Say hi to her at:
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Best Ever Book: Never Split the Difference by Chris Voss
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Greatest Lesson: You must be flexible, resilient, and extremely creative to have low risk and high success. After almost going bankrupt in my retail business, I was able to pivot, triple my revenue, and sell my business.
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