Watch This Before You Invest Out of Area

Watch This Before You Invest Out of Area

Economies of scale are VERY important in this business. It's hard to create economies of scale when you have a small number of units in a market that is away from your other assets. You can run into different operational issues from construction to your property...
MB 269: Repositioning Hotels as Multifamily Assets – With Serge Shukhat

MB 269: Repositioning Hotels as Multifamily Assets – With Serge Shukhat

COVID decimated the hotel industry, bringing property values down significantly. And now, savvy real estate investors are buying distressed hotels on the cheap and converting them into multifamily properties. Today, Serge Shukhat shares his innovative approach to repositioning hotels as apartment buildings, describing the benefits and barriers to entry of this nontraditional multifamily play!