#327: Hotels, Pandemic Impacts, and So Much More! - with Sterling Anderson
Real Estate Investing for Cash Flow with Kevin Bupp
Kevin Bupp
4.9 • 675 Ratings
🗓️ 15 June 2021
⏱️ 43 minutes
🧾️ Download transcript
Summary
Sterling Anderson is a real estate investor.
Sterling is the President & CEO of Red Oak Development (Formerly Sterling Capital Investments), a Real Estate Development/Investment company based in Omaha, NE. The company invests in and develops single-family, Multifamily, and Hotel properties
Quotes:
“It starts with the parent company. It starts with having to adhere to what they feel. You can have any idea in the world that you want, but if it’s not approved by AHG or Hilton or Radisson, then that’s an uphill battle that you’re facing.”
“You always explain to your investors that there is a risk of you not receiving your capital back.”
“I’d rather raise too much for deals and have to give some back than not raise enough.”
Highlights:
2:04- Sterling talks about his background and how he got into the real estate space
7:01- Sterling talks about where he finds distressed hotel sellers and pandemic pricing
13:04- Sterling gives stats on what he's planning for his hotels and what he’s hoping for
17:43- Sterling talks about hotel conversion to multi-family
19:10- Sterling shares what markets he is excited about
25:50- Sterling talks about day-to-day management with his hotels and how he avoids losing money with it
30:06- Sterling talks about being with a flag and if it brings buying power
33:11- Sterling shares his most challenging deal and what he learned from it
Guest Website:
Transcript
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| 0:00.0 | You've been searching for the best way to generate passive income in your life |
| 0:06.6 | and heard that real estate is a great way to do it. |
| 0:09.5 | 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 Bup has spent 14 years successfully making it happen. |
| 0:21.6 | This is the Real Estate Investing for Cash Flow podcast. |
| 0:25.3 | Now, here's Kevin Bup. |
| 0:31.3 | Hey guys, Kevin Bup here, and I want to look you to another episode of the Real Estate |
| 0:35.1 | Investing for Cash Flow podcast. |
| 0:37.2 | Our mission is to help |
| 0:37.8 | you build and maintain massive amounts of cash flow through income producing real estate investments. |
| 0:43.1 | Now, our guest for this week's show is a real estate investor, Sterling Anderson. Now, Sterling is the |
| 0:47.7 | president and CEO of Red Oak Development, formerly Sterling Capital Investments, a real estate |
| 0:52.2 | development and investment company based in Omaha, Nebraska. |
| 0:55.3 | Now, his company invest in and develops single family, multi-family, and hotel properties. |
| 1:00.2 | Now, in today's show, we're going to really place an emphasis and take a deep dive into the hotel |
| 1:06.1 | or hospitality sector and really discuss the reasons that Sterling and his group are so bullish |
| 1:12.7 | in the space, given the current challenges that it's facing as a direct result of the global |
| 1:17.5 | pandemic. The hospitality industry has been the hardest hit sector in the commercial real estate |
| 1:22.7 | space. So excited to be chatting with Sterling here today about, you know, really what his group's |
| 1:27.3 | doing, you know, why they're so bullish on that sector and, you know, really what its group's doing, |
| 1:27.6 | you know, why they're so bullish on that sector and, you know, how they're making moves |
| 1:30.9 | and, you know, calculating the risk accordingly. So with that, guys, I'd like to welcome Sterling |
... |
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