#264: Converting Distressed Exterior Corridor Hotels Into Best In-Class, Award Winning Hotel Properties – with Justin Ford
Real Estate Investing for Cash Flow with Kevin Bupp
Kevin Bupp
4.9 • 675 Ratings
🗓️ 26 February 2020
⏱️ 51 minutes
🧾️ Download transcript
Summary
Justin specializes in hotels, motels, inns, and lodges, in addition to commercial and multifamily properties. In addition to his real estate investments, he has published, edited and written for over a dozen international investment newsletters. He launched the US version of the Fleet Street Letter, the oldest continuously published newsletter in the English Language. One of his employees was a young Porter Stansberry. Justin is the founder of Seeds of Wealth, a program for getting children to adopt good money habits from an early age. He is the editor of the Seeds of Wealth Quarterly Investment Update Bulletin.
His investment approach to real estate can be summarized as follows: 1) I only buy income-producing properties at cash-flow prices; 2) I adequately capitalize each property. 3) I buy at or below market value. 4) I follow cash-flow fundamentals to avoid bubble markets. 5) I finance conservatively, preferring fixed-rate loans; 6) I choose our tenants as carefully as we choose our properties.
What You’ll Learn:
- How Justin got started in smaller multifamily properties back in 2002 before shifting his focus into heavy value-add hotel properties in highly desirable locations throughout Florida.
- How Justin has been able to “stand out” from all the competitors on major booking sites such as booking.com, Travelocity. Com, and the many others
- Why he prefers exterior corridor hotels over interior corridor properties.
- What “best in class” means to Justin and what specific tangible and intangible benefits he offers to help set him apart from the competition
- Why Justin prefers to abandon the “Flag” also known as the national brand name, when acquiring a new hotel property.
- How Justin retrains existing staff members upon acquisition and allows those who won’t conform to the changes self select out versus going in and cleaning house and hiring all new staff.
- Why Justin involves his staff in the annual budgetary planning process. Additionally, how he gets them involved in understanding the profit and loss of each property and the significant benefits that come as a result.
- And much, much more…
Recommended Resources:
- Check out our company and our investment opportunity by visiting SunriseCapitalInvestors.com
- Self Directed IRA Investment Opportunity – Click HereTo Learn More About How You Can Invest With Us Through Your SDIRA
- Accredited Investors Click Hereto learn more about partnering with me and my team on Mobile Home Park deals!
- Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them Click Here
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
Transcript
Click on a timestamp to play from that location
| 0:00.0 | You've been searching for the best way to generate passive income in your life and heard that real estate is a great way to do it. |
| 0:09.4 | But you're tired of all the so-called gurus who are all talk and no substance. |
| 0:15.3 | Get ready to celebrate because Kevin Buck has spent 14 years successfully making it happen. |
| 0:21.8 | This is the Real Estate Investing for Cash Flow podcast. |
| 0:25.2 | Now, here's Kevin Bup. |
| 0:30.1 | Hey guys, Kevin Bup here, and I want to welcome you to another episode of the Real Estate |
| 0:34.2 | Investing for Cashflow podcast. |
| 0:36.3 | Our mission is to help you build and |
| 0:37.6 | maintain massive amounts of cash flow through income producing real estate investments. |
| 0:43.2 | Now, our guests for this week's show is real estate and hotel repositioning and value |
| 0:47.5 | ad expert, Justin Ford. Now, Justin specializes in hotels, motels, ins and lodges, |
| 0:54.0 | in addition to commercial and multifamily properties lodges, in addition to commercial and multifamily |
| 0:55.7 | properties. Now, in addition to his real estate investments, he has published, edited, and |
| 1:00.6 | written for over a dozen international investment newsletters. He launched the U.S. version of the |
| 1:05.4 | Fleet Street Letter, the oldest continuously published newsletter in English language. |
| 1:10.7 | One of his employees was a young |
| 1:12.2 | Porter Stansberry. Now Justin is the founder of Seeds of Wealth, a program for getting children |
| 1:17.3 | to adopt good money habits from an early age. He is also the editor of the Seeds of Wealth Quarterly |
| 1:22.1 | Investment Update Bulletin. Now his investment approach to real estate can be summarized as follows. Number one, he only |
| 1:29.0 | buys income producing properties at cash flow prices. Number two, he adequately capitalizes |
| 1:35.2 | each investment property that he purchases. Number three, he only buys at or below market value. |
| 1:41.8 | Number four, he follows cash flow fundamentals to avoid bubble markets. Number five, |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Kevin Bupp, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Kevin Bupp and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.