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Using Seller Finance to Buy a Boutique Hotel & Tips for Buying in 2023 | Avery Carl (Mar '23) E45

Using Seller Finance to Buy a Boutique Hotel & Tips for Buying in 2023 | Avery Carl (Mar '23) E45

FromThe Rich Somers Report


Using Seller Finance to Buy a Boutique Hotel & Tips for Buying in 2023 | Avery Carl (Mar '23) E45

FromThe Rich Somers Report

ratings:
Length:
13 minutes
Released:
May 4, 2023
Format:
Podcast episode

Description

In today’s episode, Rich sits down for an interview with host Avery Carl on her podcast, The Short Term Show. They discuss “the marriage of multifamily and short-term rentals”, the reasons behind Rich shifting his focus to boutique hotels, and his experience buying his first one. They talk about the way the deal was structured with investors, what gave him the confidence to move forward with this particular deal, and the specific criteria he’s looking for when purchasing boutique hotels. He also shares the advice he’d give 20-year-old Rich, if he knew then what he knows now. Connect with Avery: @theshorttermshop--Connect with Rich on Instagram: @rich_somersInterested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more. Interested in joining our Boutique Hotel Mastermind? Visit www.somerscapital.com/mastermind to book a free call. Interested in STR/Boutique Hotel Management? Visit www.excelsiorstays.com/management to book a free call.
Released:
May 4, 2023
Format:
Podcast episode

Titles in the series (100)

Join host Rich Somers, as he interviews top real estate investors, entrepreneurs, and athletes from all over the world to discuss all things real estate, business, and wealth related. His first guests include Tarek El Moussa - real estate investor & TV personality, and Cliff Avril - former Seattle Seahawks player & Super Bowl XLVIII Champion. Rich is an active real estate investor and entrepreneur holding a portfolio of apartment buildings, boutique hotels, and short-term rentals valued in excess of $50M. He was an air traffic controller for the government for 11 years, and cashed out his 401k to get his start in real estate investing. Connect with Rich on Instagram: @rich_somers