The Rich Somers Report
Another Boutique Hotel Closed | Saturday Edition E171
Apr 6, 2024
Rich discusses the journey of closing on a 44 unit boutique hotel, negotiating with the seller, pricing the deal, and overcoming mishaps. He highlights the challenges of real estate investing and stresses the importance of perseverance in commercial deals.
17:24
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Quick takeaways
- Age shouldn't limit real estate success; commitment and seizing opportunities are crucial.
- Successful real estate deals require teamwork and networking, navigating challenges with resilience and negotiation skills.
Deep dives
Turning Real Estate Investments around Quickly
The podcast speaker reflects on how at age 33, they delved into real estate investments and quickly saw positive results. By committing and going all-in, substantial progress was achieved within a short timeframe, debunking the misconception of age limitations in investment endeavors. The speaker emphasizes the importance of dedication and seizing opportunities to drive success in the real estate market.
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