Todd Tresidder on Financial Freedom

Posted on August 5, 2017
In Private Money

Todd & Dan Discuss:

How to “Time Any Market”
7 Steps to 7 Figures
Risk Removal as the #1 Investment Strategy

Listen Now:

Mentioned Episodes: (There are 91 Content Packed Interviews in Total)

Resources Mentioned in the Episode:

www.FinancialMentor.com

Do You Know Anyone Else Who’s a Real Estate Investor?

Do You Think they’d Also Enjoy this Episode?

Please Forward this Link & Tell Them to:

Sign Up for the REI Diamonds Weekly Podcast Your Copy of “7 Sources of Off Market Deals”

Just Go to www.REIDiamonds.com to Download a Copy & Check out Recent Popular Episodes.

The REI Diamonds Show-Real Estate Investment Podcast

Real Estate Investing Podcast designed to help experienced real estate investors make & keep more money. The REI Diamonds Show is a loose discussion between Dan & expert guests focused on strategies for avoiding risk & generating profits. Many of the guests generate more than $1 Million in profit per year-investing in real estate.

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Episode: Investing in Hotels with Mike Stohler

Guest: Mike Stohler is a former commercial airline pilot, Navy veteran, and co-founder at Gateway Private Equity Group. Including apartment complexes, houses, and hotels, Mike has owned or operated over 1300 units. Seeking value-add opportunities and higher returns, Mike pivoted from multi-family to hotels and now focuses exclusively in this niche.

Big Idea: Investing in Hotels is really a two-fold investment. First you’re investing in the real estate where the hotel is located. Second, you’re investing in the business of running that hotel successfully. Because of this dual nature, hotel investing can be riskier than other real estate investments while offering larger & faster returns when executed properly

This Episode of The REI Diamonds Show is Sponsored by the Kiavi- Kiavi Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 6.49%. Buy & Hold Loans Offered Even Lower. Get a FREE IPad when you Close Your First Deal by Registering Now at http://REILineOfCredit.com

Resources mentioned in this episode:
https://www.GatewayPE.com/

For Access to Real Estate Deals You Can Buy & Sell for Profit:
https://AccessRealEstateDeals.com/

View the Episode Description & Transcript Here:
https://reidiamonds.com/investing-in-hotels-with-mike-stohler/

Dan Breslin: Today’s guest, Mike Stohler, is a former commercial airline pilot, Navy veteran, and co-founder at Gateway Private Equity Group. Including apartment complexes, houses, and hotels, Mike has owned or operated over 13,000 units. Seeking value-add opportunities and higher returns, Mike then pivoted from multifamily to hotels and now focuses exclusively on this niche. Investing in hotels is really a two-fold investment. First, you’re investing in the real estate where the hotel is located. Second and maybe more importantly, you’re investing in the business that is running that hotel successfully. Because of this dual nature, hotel investing can be riskier than other real estate investments but at the same time offer larger and faster returns when executed properly.

Dan: All right. To give some background, maybe you just want to start with the evolution of your real estate career and what your business looks like today.

Mike: Sure. Yeah. I’ll try to keep it quick. I’m a little bit older. I got started, I caught the PG days, the pre-Google days, and absolutely failed. I did probably what a lot of you did is I read Rich Dad, Poor Dad, got excited, bought some tickets to seminar land, and then bam! Okay. I’m in small-town Indiana at the time. Buying was the easy part and then I didn’t know how to be Atlanta[?]. I’m like, “Okay, wait, there’s the paperwork? What’s the least- get out. Oh, I need a 5-day notice[?]. I didn’t know anything, right? I couldn’t google anything. I failed and failed miserably just because I just didn’t know what to do. We don’t have podcasts. We don’t have mentoring. We didn’t have any of that back in the days.

If I needed a tenant, it’s like, what do I do? Put an ad in the newspaper, and it’s the old day of doing things old way. Fast forward, now, what I did is I learned. I was like, “Man, this is the way that I need to do it. This is how you make money. Real estate is it.” I actually went to work for a property management group because I was like, that’s the part that- the buying was the easy part, but how do I get experience? How do I get a mentor? I actually went and worked for them and I learned that end of it.

I learned how to be a landlord because there are two parts of [inaudible]. You’re an investor, but then once you get the asset, how do you become the landlord of someone who wants to stay in your asset? You have to learn both sides of it. That’s what I did. Then I started in 20- about ten years later, this is probably 20- during the recession time period. I started getting back into it because I was like, “Okay, there’s going to be some deals. I now have money. I have some cash. I have a good job. Let’s get back into it.”

Fast forward, I went from fourplex to 2 hotels, to 20 homes. I owned, managed around 1300 units of multifamily, and I did that within about a 7, 8 year time period.

Mike & I Discuss Hotel Investment:
• Repositioning Hotels while Enjoying Cash Flow
• Site Selection-Finding the Right Location
• Recognizing Profitable Hotels Post-Covid
• Outsize Returns from Investing in Hotel Deals

Mike & I Discuss Hotel Investment:
Repositioning Hotels while Enjoying Cash Flow
Site Selection-Finding the Right Location
Recognizing Profitable Hotels Post-Covid
Outsize Returns from Investing in Hotel Deals

Todd Tresidder on Financial Freedom

Todd & Dan Discuss:

How to “Time Any Market”

7 Steps to 7 Figures

Risk Removal as the #1 Investment Strategy

Listen Now:

Resources Mentioned in the Episode:

Do You Know Anyone Else Who’s a Real Estate Investor?

Do You Think they’d Also Enjoy this Episode?

Please Forward this Link & Tell Them to:

Sign Up for the REI Diamonds Weekly Podcast Your Copy of “7 Sources of Off Market Deals”

Just Go to www.REIDiamonds.com to Download a Copy & Check out Recent Popular Episodes.

Jefferson Lilly on Mobile Home Park Investing

REI Diamonds Show with Ted Thomas on Tax Lien Investing

Todd Tresidder on Financial Freedom

Todd & Dan Discuss:

How to “Time Any Market”

7 Steps to 7 Figures

Risk Removal as the #1 Investment Strategy

Listen Now:

Resources Mentioned in the Episode:

Do You Know Anyone Else Who’s a Real Estate Investor?

Do You Think they’d Also Enjoy this Episode?

Please Forward this Link & Tell Them to:

Sign Up for the REI Diamonds Weekly Podcast Your Copy of “7 Sources of Off Market Deals”

Just Go to www.REIDiamonds.com to Download a Copy & Check out Recent Popular Episodes.

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