Real Estate Investing with Coach Carson
Business:Investing
#299: From Ordinary to Extraordinary: Transforming an 8-unit Building into a Cashflowing Powerhouse
2023-07-17
Episode #299 - Dive deep into Joe's $1.75 million 8-unit apartment purchase! After months of sweat equity, he and his wife transformed it into a gorgeous Airbnb powerhouse, making 2-3 times more money than the previous owner.
📑 COMPANION ARTICLE/SHOW NOTES: https://www.coachcarson.com/airbnbtransformation/
🔗 LINKS:
Joe's 8-unit Hotel: https://www.switchbacksuites.com
Joe's prior episode: https://www.coachcarson.com/montanahousehacks/
🎬 TIMESTAMPS:
0:00 - Seeing the vision
2:35 - Living in an RV
4:53 - Why Kalispell, Montana
6:36 - Current rentals
11:53 - ADU Househack
15:45 - How to find deals
26:30 - Negotiation
30:14 - 3 offers
34:03 - 2x -3x rents
45:25 - Owner counteroffers
50:47 - Financing structure
53:33 - Repairs & final numbers
57:03 - Property performance
1:04:35 - Net cashflow numbers
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🧰MY FAVORITE REAL ESTATE & MONEY TOOLS:
- Deal Machine - software to help you buy more real estate deals - https://www.coachcarson.com/dealmachine
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💰CREATIVE FINANCING COURSE🏘️
Learn to finance your deals successfully, even with high interest rates. My online course teaches you how to use non-traditional funding sources for real estate, like private money, self-directed retirement accounts, seller financing, lease options, subject-to, and more. Includes paperwork! coachcarson.com/creativefinancing
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