JF3040: Converting Hospitality into Long-Term Rentals ft. Andrea Foley

The Best Ever CRE Show

Best Ever CRE

Realestatepodcast, Entrepreneurship, Business, Realestate, Investing, Realestateinvesting, Realestateinvestingpodcast

4.8 • 983 Ratings

🗓️ 31 December 2022

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

Andrea Foley is the CEO/CFO of Generational Wealth Capital, which specializes in reimagining hospitality for long-term wealth. In this episode, she discusses how she is building wealth by purchasing mom-and-pop hotels in smaller towns and converting them into multifamily apartment buildings.

Andrea Foley | Real Estate Background

CEO/CFO of Generational Wealth Capital, which specializes in reimagining hospitality for long-term wealth. She is currently on her second hotel-to-multifamily conversion and also owns and plans to grow short-term rentals.
Portfolio:
- GP of two properties with a total of 175 units
- Reinvesting all LP funds into her own projects at the moment
Based in: Omaha, NE

Say hi to her at:

Best Ever Book: Never Split the Difference by Chris Voss

Greatest Lesson: You must be flexible, resilient, and extremely creative to have low risk and high success. After almost going bankrupt in my retail business, I was able to pivot, triple my revenue, and sell my business.

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Transcript

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1:05.0	Quick disclaimer, the views and opinions expressed in this podcast are provided for
1:09.0	informational purposes only and should not be construed as an offer to buy or sell any securities or to make or
1:15.5	consider any investment or course of action.
1:18.7	For more information go to best ever show.com.
1:21.7	If something new scares you and you feel you do all the things that make sense to underwrite it and
1:28.5	evaluate it and it just looks awesome and you think you can do it.
1:33.0	Can do it.
1:34.0	Welcome to the best ever show,
1:36.0	the world's longest running daily commercial real estate podcast.
1:40.0	Our hosts interview commercial real estate experts every day to get you the best advice ever with none of the fluffy stuff
1:46.6	Best ever listeners welcome to the best real estate investing advice ever show. I'm Slocum Reed and I'm here with Andrea Foley. Andrea is based in
1:55.8	Omaha, Nebraska. She has generational wealth capital who specializes in reimagined
	...

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