354: From Rookie Mistakes to Syndicating BIG Deals with Nichole Stohler

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 31 October 2019

⏱️ 76 minutes

🔗️ Recording | iTunes | RSS

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Summary

From single family to multifamily to hotels! On today’s show, Nichole Stohler sits down with Brandon and David and discusses her journey from purchasing a single family home to syndicating hotels! Nichole has a fascinating story that started with losing the first house she bought, grew into recommitting herself to learning the asset class of real estate, and ended with massive success through big deal syndications. You’ll love the advice she shares about managing managers, scaling the right way, and dealing with tenants according to three irrefutable laws. She goes on to discuss keeping properties clean, choosing the right partners, and analyzing economic factors when choosing a hotel or apartment complex. Nichole reveals tons of great tips when it comes to building wealth through various asset classes of real estate. This show has something for everyone! In This Episode We Cover: Her 3 irrefutable rules for dealing with tenants How she scaled from SFH to multifamily and hotels How she manages her managers What she learned from her first deal that lost her money Why she committed to really learning the asset class of real estate Why having clean apartments is so important to tenant relations Why so many investors make the mistake of not focusing on asset management Why she turned to hotels when she couldn’t find anything in the multifamily space How the 1031 exchange impacted her capital gains and depreciation recapture Which economic drivers she looks for when choosing a property to buy What she’s learned about operating syndications in the hotel space And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Pro Email Us: [email protected] BiggerPockets Podcast 345: “Vivid Visions” and 90-Day Sprints—Brandon’s Approach to Mobile Home Park Investing (and Life!) BiggerPockets Events GoodReads Jo Nesbo Camilla Läckberg BiggerPockets Bookstore Check the full show notes on BiggerPockets: http://biggerpockets.com/show354 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the BiggerPockets Podcast Show 354.
0:04.0	Once you've got the model down and you understand how it works and your first hotel is doing well
0:09.2	and you can take that and people have confidence, okay, you know what you're doing and then you can grow from
0:14.2	there and now we're only really limited by how fast we can find a good property.
0:19.8	You're listening to Bigger Pockets Radio radio simplifying real estate for investors
0:25.0	large and small. If you're here looking to learn about real estate investing
0:29.2	without all the height, you're in the right place. Stay tuned and be sure to join the millions of
0:35.0	others who have benefited from bigger pockets.com. Your home for real estate
0:39.9	investing online. What's going on everyone? This is Brandon Turner, host to the BiggerPockets
0:44.4	podcast here with my buddy David Green.
0:48.4	What's up David Green?
0:49.6	It was fun hanging out with you last week.
0:51.6	Oh my gosh, that's one of the more crazy experiences I've ever had in my entire life.
0:55.7	Was that not just insane?
0:56.7	That was insane.
0:57.7	Yeah, we're talking about the BP Khan.
0:59.4	Of course, now it's been like a month since BP Khan, but we just got back
1:02.2	from it recording this episode a couple weeks
1:04.9	before we release it but man BPCon 2019 was insane so many investors are a thousand people
1:24.0	so many good lessons stories things I learned things I'm excited about grow my business with and just like networking like crazy like I mean I'm I would say I got a million dollars of value out of that like one event just like stuff that's going to make me wealthier, happier, more successful my entire life.
1:27.7	So yeah, very, very cool.
1:29.4	I'm excited for next year's BPCon, which we haven't announced yet.
	...

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