REI098: You Can Buy Real Estate from Colleges w/ Michael Stohler

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Business, Education, Investing

4.6 • 592 Ratings

🗓️ 29 November 2021

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Robert Leonard talks with Michael “Mike” Stohler about how to get into hotel investing with no or very little experience, how Airbnb and VRBO play into Mike’s strategy on hotels, how COVID made an impact on his business in the short-term, and how he expects it to continue to play out over the long-term, and much, much more! IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 19:05 - Why Michael decided to start focusing on hotels as an asset class and as his strategy. 26:05 - Why he believes that hotels typically perform consistently regardless of market conditions. 30:25 - How to evaluate or underwrite potential hotel investments. 31:12 - What Michael’s buying criteria is for potential hotel investments. 33:09 - Why he started employing virtual assistants and how he utilizes them in his real estate business. And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Get more FREE content from Robert. Read the 9 Key Steps to Effective Personal Financial Management. Michael Stohler’s The Richer Geek Podcast. Michael Blank’s book Financial Freedom with Real Estate Investing. Reed Goossens’ book Investing in the US. Ramit Sethi’s book I Will Teach You To Be Rich. Michael Stohler's favourite book: Money Secrets of the Rich by John Burley. Find great markets to invest in with Wiserei. Real estate education platform BiggerPockets. All of Robert’s favorite books. NEW TO THE SHOW? Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle’s favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Connect with Robert: Website | Twitter | Instagram Connect with Michael: Website | LinkedIn Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0	You're listening to TIP.
0:02.3	Colleges, universities, hospitals, all these different corporations, they get willed real estate.
0:09.1	People that are alumni will put in their will, real estate, rental properties, all this sort of things.
0:14.9	They don't want to become a landlord.
0:16.8	That's not their business.
0:18.4	So I was actually able to do seller financing because what colleges
0:22.9	are really good at is taking money on like a monthly schedule. They're experts at that.
0:31.6	On today's show, I talked with Mike Stoller about how to get into hotel investing with no or very little experience,
0:38.8	how Airbnb and VRBO play into Mike's strategy on hotels, how COVID made an impact on his
0:44.4	business in the short term, and how he expects it to continue to play out over the long term,
0:49.1	and much, much more.
0:50.8	Mike Stoller is a former commercial airline pilot, Navy veteran, and co-founder at Gateway Private Equity Group,
0:56.4	a real estate investment firm whose portfolio has included hotels, multifamily, and residential
1:01.1	properties. Mike also hosts the Richard Geek podcast. Going into this episode, from my research,
1:07.7	I knew Mike and I would be talking about his strategy of investing in hotels,
1:11.6	but what I didn't expect was the conversation about being able to buy real estate from colleges.
1:17.6	It's actually a pretty neat strategy and one that I hadn't heard of, even after doing over 200
1:22.1	interviews. Now, without further delay, let's get into this week's episode with Michael Stoller.
1:31.2	You're listening to Real Estate Investing by the Investors Podcast Network,
1:35.7	where your host, Robert Leonard, interview successful investors from various real estate investing niches
1:41.6	to help educate you on your real estate investing journey.
1:53.0	Hey everyone, welcome back to the Real Estate 101 podcast. I'm your host, Robert Leonard. Today,
	...

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