What kind of potential did you see to raise the rents to just to kind of get a general idea of what the potential of gross total income on this property would be when you were looking at it?

He already had plans to convert the two offices into two suites.

So the building was built in 2006 and it hadn't been updated since 2006, including furnishings and all that.

And I just saw the vision.

Welcome to the podcast, Real Estate Investing with Coach Carson. I'm your host, Chad Carson.

You can also call me Coach. And this is a show to help you get out of the financial grind so you can do more of what matters.

So today, I'm coming back to you with another of our deal deep dive series. And in this deal deep dive, we're going to go into a short-term rental story with a friend of mine named Joe Jimenez. And this is a property that I think you're going to be really interesting in. It's a little different than your normal short-term rental you've heard of. This isn't your house sack duplex or running out the basement. This is actually buying a boutique hotel. So an eight-unit small building and a great part of a town that we're going to tell you about. And it's going to be a lot of fun. If you're interested at all in short-term rentals or if you've just heard that they are a thing, the cool thing about short-term rentals is there's a lot of extra cash flow you can generate. There's a lot of extra niches in the towns where you can make really good deals happen that might not otherwise happen. But there's some things that know. There's a lot of

gotchas as well. And so in this deal deep dive, we're going to talk about all of those. And the person I'm bringing to the podcast is someone who's been on the podcast before. His name is Joe Humanez. And Joe, what to welcome you to the podcast. Thanks for being back. Thanks, Chad. It's an absolute pleasure. I love talking to you and I'm excited for this conversation. Yeah, me too. And this

is a fun one. Thanks, Chad. It's an absolute pleasure. I love talking to you and I'm excited for this

conversation. Yeah, me too. And this is a fun one. Not only because you've done, you and your

wife Katie, have done an amazing job on this project, which we're going to get into the details of it,

but also this is when I have a personal interest in. I visited you last year in Montana, in Calistel, Montana, where you

at Katie live. I love the area. It's just amazing outside of Glacier National Park. Just one of

amazing outdoor parts of the world, kind of the gym of that part of Montana. And so one thing

led to another, and I don't want to get the you know all the story head of the story here but

just kind of keep listening you're going to find out how I actually got involved in this deal a little

bit as well so we'll just plant that seed keep listening to it as we get to the financing part

but Joe before we get to the deal that's we're going to spend a lot of time on this the details the

numbers the financing how you negotiated it.

Let's go to you. I want to people to know a little bit more about you. I'll put a link to our

prior podcast episode where we talked about kind of you're getting started in real estate

investing and moving across the country. But maybe just give us a little highlight of your

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