Hotel investments, big BRRRRs, and some mind-boggling cash flow are coming up on this Deal Deep Dive with our very own Rob Abasolo. For almost the entirety of Rob’s short-term rental investing career, he’s preached the good gospel about how small, mom-and-pop-owned vacation rentals are the way of the future. The secluded single-family rental, log cabin, or treehouse were some of Rob’s most impressive and profitable investments. But now, he’s taken a step in a whole different direction.

Rob doubled his rental property portfolio almost overnight, going from fifteen units to thirty-five by purchasing a twenty-unit hotel/motel mix in beautiful Upstate New York. Without much experience running anything on that scale, Rob and his partners went to work trying to figure out how to turn this mess of a motel into a profitable, high-value vacation destination. He faced some serious hurdles, from canceling on guests to fixing a literal hole in the middle of the property, but found a way to make it work.

Once the renovations are complete, Rob will walk away with an almost unbelievable amount of yearly cash flow, a seven-figure increase in equity, and a scalable system that will let him do these types of deals more often than he thought. Want to hear the nitty gritty so you can tackle something as lucrative as this? Sit back, relax, press play, and prepare for your next big property purchase!

In This Episode We Cover:

Transitioning from single-family rentals to multifamily vacation rental investments

Hotel hurdles and what you should know before investing in a multi-unit short-term rental

Big BRRRRs and how to revive a rental property that has serious deferred maintenance

How to find contractors when you’re in a low-population investing area

The right way to transfer ownership after you’ve bought a not-so-straightforward property

Seller financing and getting deals with lower interest rates and far more flexible lending

And So Much More!

Links from the Show

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Our Interview with Heather Blankenship on RV Park Investing

Are There Opportunities in Hotel Investing in 2022?

Struggling to Find a Stellar Contractor? Try These 9 Pro Tips

The Definitive Guide to Using Seller Financing to Buy Real Estate

Watch Rob’s Video on This Property

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-660

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