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The BetterLife Podcast: Wealth | Real Estate Investing | Life

The Strategy Behind $40K A MONTH in Cash Flow with Boutique Hotels

The BetterLife Podcast: Wealth | Real Estate Investing | Life

Brandon Turner & Cam Cathcart

House Flipping, Multifamily, Real Estate, Wealth, Investing, Business, Real Estate Investing, Self-development, Entrepreneurship, Rental Properties, Health

4.8767 Ratings

🗓️ 15 November 2024

⏱️ 25 minutes

🧾️ Download transcript

Summary

🏠 JOIN MY FREE 5-DAY DEAL ANALYSIS CHALLENGE 

https://go.abetterlife.com/deal-analysis-challenge_pod


🧔‍♂️ WHO ARE WE? 

Our names are Brandon Turner and Cam Cathcart! We teach people how to BUILD WEALTH WITHOUT LOSING THEIR SOUL through real estate investing!


1️⃣ WANT TO GET YOUR FIRST DEAL? 

https://go.abetterlife.com/firstdeal_pod


📈 WANT TO SCALE YOUR EXISTING PORTFOLIO? 

https://go.abetterlife.com/betterlife_tribe_pod


🔁 WANT TO LEARN HOW TO FLIP HOMES? 

https://go.abetterlife.com/dealflow_pod


🤝 CONNECT WITH ME ON INSTAGRAM 

https://go.abetterlife.com/@beardybrandon_ig_pod


👋 CONNECT WITH CAM ON INSTAGRAM 

https://go.abetterlife.com/@cam_cathcart_ig_pod


🙌 CONNECT WITH TONY ON INSTAGRAM 

https://www.instagram.com/tonyjrobinson


📱 JOIN MY WEEKLY TEXTLETTER 

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📚 READ ONE OF MY BOOKS 

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🙏 SPONSORS 

HireTrainVA.com - Hiring my first Virtual Assistant LITERALLY 10x'ed my productivity! But it can be intimidating to try and post an international job ad, conduct interviews, and train somebody. That's where https://go.abetterlife.com/hiretrainva_pod comes in! They'll handle it all - start to finish! Plus, tell them we sent you and you'll get 10% off!


🎥 DESCRIPTION
On this edition of Cash Flow Friday, we’re joined by the short-term rental powerhouse, Tony J. Robinson! Known for his strategic investments in boutique hotels and vacation rentals near national parks, Tony has built a 30-property empire generating huge cash flow—including a boutique hotel bringing in $40,000 monthly!

We talked about:
• Tony’s strategy for turning small properties into cash-flowing giants
• How to choose high-return markets for short-term rentals
• The best amenities to make your Airbnb stand out and boost revenue
• How to scale your portfolio with single-family and boutique hotel investments
• And so much more!


❌ DISCLAIMER 

https://go.abetterlife.com/disclaimer_pod


Transcript

Click on a timestamp to play from that location

0:00.0

Tony, why is your niche better than other people's?

0:03.6

We invest in single family short-term rentals and now boutique hotels as well.

0:11.6

You can get outsized returns for a relatively small amount, right?

0:15.2

Like some people want to go into commercial and they think about mobile home parks.

0:18.5

They think about buying apartment complexes and you get bigger returns when you do those things,

0:22.4

but a lot of times it's more cash out of pocket as well.

0:24.5

I'll give you guys a quick rundown on the boutique hotel,

0:26.7

but we picked that property up for just under a million bucks.

0:29.8

And last month, we did just over $40,000 in revenue on that hotel.

0:33.4

If we can hit our projections on that thing, it should be worth about $2.5 million in the next like 18-ish months if we can kind of get to where we want to go.

0:40.9

Hey, this is the Better Life podcast with Brandon Turner and Cam Cathcart.

0:43.7

This is a special Friday episode we call Cashflow Fridays where we interview people on one specific investment strategy that produces phenomenal cash flow in this market.

0:52.4

This show is meant to be short, sweet to the point,

0:54.6

so you can implement it right away into your life. Without further ado, let's get to the episode.

1:00.5

You know, one of the hardest lessons I've learned in building my real estate business is this.

1:04.0

I can't do everything on my own. And trust me, I have tried. I was that guy wearing all the hats,

1:08.7

acquisition, property management, marketing. I haven't tried my hand at bookkeeping, which, by the way, is not a great idea. It was not

1:14.6

until I embraced the art of delegation that things really started to take off from me. I actually

1:19.7

remember hiring my very first virtual assistant. And then I realized right away, why did I wait so long

1:24.2

to do this? And honestly, I was amazed at how great they were. They're better

1:27.7

than me at most things they did. And in fact, that first VA still with me today, 10 years later.

1:32.5

Now, suddenly I had time to focus on bigger picture things, scaling the business, finding more

...

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