Stay Ahead of the Curve

When I was a kid, my mom was working as a bookkeeper.

While cutting checks to landlords, she started to notice how much money they were making in rent.

Then she noticed something else…most of the wealthy people in town owned property.

Next, a friend of hers renovated their basement. The friend did all the work herself and turned it into a rental to help pay the mortgage. 

My mom was like, “Wait…you can just do that? You can just renovate something yourself?” 

It blew her mind. And her interest in increasing her income through owning real estate was sparked.

So, with no experience, no money, and zero outside support, she decided to build a vacation rental, and she bought a lot at the end of a cul-de-sac.

Everyone told her not to. No one believed she could do it. But she did it anyway.

She recruited my brother and me to help with painting, hauling rocks for landscaping, and sanding boards. (We got paid a dollar every Friday to go to the candy store…lol.)

She taught me so much through her hard work and sacrifice. Sometimes she’d even pack up and sleep somewhere else for the weekend so that she could rent her own house out.

Then, just like what happened to me years later with Airbnbs, the town shut vacation rentals down. So she pivoted and sold the house, making $300K in profit on it and proving everyone who doubted her wrong.

She never gave me a lesson on real estate investing.

She showed me.

She showed me what it looks like to make bold moves when the timing is right.

She taught me how to pivot. And how to figure it out as you go.

Right now, that’s exactly what I’m doing—with hotels.

Short-term rentals are getting squeezed out, but the opportunities in hotels are growing. 

One reason is Baby Boomers are retiring. This is opening up hotel properties and businesses that are primed for increasing ROI. 

Many of these owners haven’t kept up with tech and booking systems. Some don’t even have a website.

There’s an entire class of underperforming, under-marketed hotels just waiting for the next wave of owners to step in. 

In some markets, you can buy a hotel for less than a duplex. 

I know one investor who bought an ignored, poorly managed hotel for $400K. Under the previous owner it was only making $5K a year. Seriously.

The investor saw the potential, and now that same hotel is bringing in $200K annual profit.

If you’ve been thinking about hotels, but they’ve felt too big or too unknown…this is the moment to pivot. And it won’t last forever.

Seasoned investors have been making hotel moves, but there is still time to stay ahead of the curve.