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Are you looking to transition from single-family homes to more lucrative investments? Have you ever considered the high potential of hotel investments?
In this episode of Financial Freedom with Real Estate Investing, Micah Haworth joins Michael Blank to share his rapid journey from single-family houses to owning a hotel through syndication.
Micah, who transitioned to real estate investing after losing his job in the live event industry in 2020, has impressively built a $5.5 million portfolio in just 18 months. He walks us through his journey from a twelve-unit multifamily property to acquiring a 61-unit hotel, applying syndication principles to a different asset class.
Micah details the key steps in his success, including the importance of building a strong team, conducting thorough due diligence, and leveraging relationships for capital raises. He explains his conservative underwriting process, the impact of renovations on guest satisfaction, and the significance of having experienced partners.
Listen to gain insight into how Micah managed to meet and partner with seasoned investors, overcome the challenges of unpredictable weather in the hospitality market, and achieve his first profitable month. Plus, learn about the "Dealmaker Blueprint," a systematic approach for easy entry into multifamily and hotel investments, and how leveraging the right "who" rather than figuring out the "how" can accelerate your real estate success.
For full episode show notes visit: https://themichaelblank.com/podcasts/session438/
