5 Expensive Mistakes to Avoid When Buying Your First Boutique Hotel | Kassidy Warren Saturday Edition E302

The Rich Somers Report

Rich Somers

Business, Entrepreneurship, Investing

5 • 910 Ratings

🗓️ 1 February 2025

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Buying a boutique hotel can be one of the most lucrative real estate moves—but one costly mistake can wipe out your profits. In this episode of The Rich Somers Report, Rich and Kassidy Warren break down the five most expensive mistakes new hotel investors make and how to avoid them. They cover: Why investing in oversaturated Airbnb markets can destroy your hotel’s profitability. The difference between investing for cash flow vs. appreciation—and why true wealth is built through forced appre...

Transcript

Click on a timestamp to play from that location

0:00.0	Hey guys, real quick, before we get started, I am hosting a free two-day boutique hotel investment
0:05.1	training Saturday, Sunday, February 8th and 9th, outlining exactly how you can get started
0:10.1	investing into boutique hotels and taking advantage of the tightening Airbnb regulations
0:13.8	and the 40 million retiring baby boomers. To register, simply go to hotelinvesting.com slash
0:19.7	podcast to save receipt. Again, that's hotelinvesting.com slash podcast to save receipt. Again, that's hotelinvesting.com
0:23.0	slash podcast to save a receipt. Now let's jump into the show. I didn't know that until I joined the
0:27.2	group. Until I got around people that were doing it, that knew more than me, I was willing to
0:32.6	learn. I was willing to add value. I was willing to partner. I was willing to do the work.
0:36.1	It's a team sport. And until you
0:38.8	step onto the field, you're just watching from the sidelines. Welcome to the Rich Strummers Report,
0:44.6	where we talk real estate, business, and wealth building, all while keeping it real. No fluff, no BS.
0:50.2	I hope that you enjoy the show.
0:57.6	All right, guys.
1:00.6	Welcome to another episode of The Report Saturday edition.
1:03.5	And I got my co-host, Mr. Cassidy Warren.
1:04.4	Cassidy, what's up, man?
1:05.3	What's up, Rich?
1:06.0	Good to be here.
1:08.4	Dude, appreciate you coming back down, man.
1:11.1	I feel like you're part of the team now, in and at the office,
1:16.0	hanging. It's cool to always, you know, just wrap with you, man. I feel like we have good flow.
1:20.0	We have good energy. And I'm a big fan of everything you're doing. Man, it's just the beginning.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Rich Somers, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Rich Somers and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.