Cash Flow Connections - Real Estate Podcast He Scaled to $10M Net Worth Through Boutique Hotels - E1010 - CFC
40 million baby boomers are retiring in the next 6 years...
And many of them own outdated boutique hotels that haven't been renovated in decades...
...creating an incredible opportunity for modern operators to build wealth!
That’s why I interviewed Rich Somers, who's already capitalizing on this massive opportunity...
He transformed a $1.5M hotel into a $4.5M asset in just 12 months, through simple operational changes.
And in today’s episode, he’s revealing his exact system so you can do it too…
Rich has built an $80M portfolio by targeting properties others overlooked, and now controls multiple boutique hotels across coastal California.
In today's episode, he breaks down:
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Why Airbnb regulations are creating perfect market conditions
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How to triple revenue through modern operations
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The exact financing strategies that work right now
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Which markets to target (and which ones to avoid)
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Why coastal California offers unique advantages
Plus, he reveals the two deadliest mistakes in hotel investing that can sink your deal...
If you want to learn how to spot massive opportunities that others are too scared to touch listen to the episode now.
Take Control,
Hunter Thompson
Resources mentioned in the episode:
Interested in learning how to take your capital raising game to the next level? Meet us at Capital Raiser’s Edge.
Learn more here: https://raisingcapital.com/cre