#812 The Hotel Death Spiral: David Peters' Secrets on Hotel to Residential Conversion

Real Estate Investing for Cash Flow with Kevin Bupp

Kevin Bupp

Reit, Consultant, Syndication, Seniorliving, Retail, Kevinbupprealestate, Acquisitions, Realestate, Selfstorage, Donaldtrump, Assistedliving, Apartmentinvesting, Flow, Shoppingcenter, Kevinbupp, Coach, Investing, Kevinbuppflorida, Foreclosure, Realestateinvesting, Cashflowinvesting, Office, Business, Entrepreneur, Cashflow, Commercial, Real, Industrial, Education, Mergers, Trainer, Shortsale, Millionaire, Investments, Privatelending, Legacywealth, Funding, Podcast, Multifamily, Broker, Estate, Apartments, Commercialrealestate, Experts, Mobilehomeparks, Cash, Privatemoney, Valueadd, Hedgefund, Robertkiyosaki, Defaultedpaper

4.9 • 675 Ratings

🗓️ 28 October 2024

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

David Peters is the principle and co-founder of Magnetic Invest, an investment firm that currently specializes in hotel to residential conversions throughout the US. Prior to the hotel to residential focus, David spent more than a decade running anumber of multifamily syndicates and prior to that was the owner and general contractor at LCS residential.

Connect with David: https://www.linkedin.com/in/david-peters-8334554 , [email protected]

Quote: "If you don't have annual leases on 90% of your units, you can't get that 'fanny freddy' financing."

Highlights:

8:00 - Hotel's Death Spiral

11:14 - The "Sweet Spot" Hotel Property

15:10 - The Rise & Fall of Extended Stay

18:51 - David's Process for Conversion / The Appeal

21:38 - Gauging Local Support

23:47 - How to Finance

28:00 - How David Sets Up Management

30:10 - Leases / Primary Clients

38:00 - Rental Rates

Recommended Resources:

Accredited Investors, you’re invited to Join the Cashflow Investor Club to learn how you can partner with Kevin Bupp on current and upcoming opportunities to create passive cash flow and build wealth. Join the Club!
If you’re a high net worth investor with capital to deploy in the next 12 months and you want to build passive income and wealth with a trusted partner, go to InvestWithKB.com for opportunities to invest in real estate projects alongside Kevin and his team.
Looking for the ultimate guide to passive investing? Grab a copy of my latest book, The Cash Flow Investor at KevinBupp.com.
Tap into a wealth of free information on Commercial Real Estate Investing by listening to past podcast episodes at KevinBupp.com/Podcast.

Learn more about Kevin’s investment company and opportunities for Lifetime Cashflow at sunrisecapitalinvestors.com.

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.
0:09.2	But you're tired of all the so-called gurus who are all talk and no substance.
0:15.0	Get ready to celebrate because Kevin Buck has spent 14 years successfully making it happen.
0:21.6	This is the Real Estate Investing for Cashflow podcast.
0:25.2	Now, here's Kevin Bup.
0:30.2	Hey guys, Kevin Bup here, and I want to welcome you to another episode of the Real Estate
0:33.6	Investing for Cash Flow podcast.
0:35.5	More missions to help you build and maintain massive amounts of cash flow through income producing real estate investing for cash flow podcast. More missions to help you build and maintain massive amounts
0:38.1	of cash flow through income producing real estate investments. Now our guest for this week show is
0:43.0	real estate investment and hotel to residential conversion expert David Peters. Now, David is the
0:48.2	principal and co-founder of a magnetic invest and investment firm that currently specializes in hotel
0:53.1	to residential conversions throughout
0:54.6	the United States. Now, prior to the hotel to Resi Focus, David spent more than a decade running
0:59.9	a number of multifamily syndicates. And prior to that was the owner and general contractor
1:04.1	at LCS residential, amongst many other things. He's got a very extensive background. So we'll
1:08.3	dive to that here during the show. So guys, about further ado, I'd I like to welcome David Peters to the show. David, my friend, how you doing
1:14.5	today? I'm doing good, Kevin. Thank you so much for having me on the show today. It's an honor
1:19.5	to get on your show, I think. No, I'm excited to have you here. And I was telling you earlier that, you know, I get, I'm sure like all of us do, you know, we just end up a lot of times we subscribe to things.
1:29.7	We get on newsletters. Sometimes we don't even know how we got somewhere, right? Like how we're, why are we receiving this information? And, and, and, and a lot of the noise and only putting the things in there that he feel is pertinent to me and might be valuable for me to read. One of those valuable
1:48.2	things was your recent newsletter that you put out to your email list, and I'm on your email
1:53.5	list, and it called my eye because, you know, what you were specifically speaking to in that
1:59.3	newsletter was hotels to Residential
	...

Please login to see the full transcript.

Previous episode | Next episode

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.