How to Buy a 18-Unit Short Term Rental W/ None of Your Own Money
youtu.be
Real estate investor Sam discusses his recent purchase of an 18-unit Holiday Inn in Branson, Missouri. He plans to invest $450,000 in capital improvements, bringing the total investment to $1.3 million. To fund the project, Sam will put 20% down and raise the remaining 80% from private lenders and the bank. Sam plans to raise $350,000 from private lenders and offer a 7% return on investment paid out monthly. The bank will provide the remaining funds, which will total $950,000, including construction funds. Sam expects the motel to net $12,000 to $15,000 a month after paying private lenders, the bank, property management, and all other expenses. Sam advises people to get creative to cash flow in today's market, such as by doing midterm rentals, shopping around for banks, finding private lenders, doing buy and hold deals, and doing value-add deals. He stresses the importance of charging market rent and going with longer amortization periods to create equity and security. Sam also offers a free training program to help people create wealth while having a full-time job and plans to go live every Thursday from his new studio set up in his office. He prefers to offer transparent and helpful information without scaring people.
Real estate investor Sam discusses his recent purchase of an 18-unit Holiday Inn in Branson, Missour