$160K/Year From THIS “Rare” Rental Property With Seller Financing

Every investor wants a rental property that brings in six figures, but not every investor is willing to scour old listings, bring in a partner, or exhaust all of their creative financing options. If you want the perfect deal, don’t let money get in the way!
Today, we’re chatting with former Division II football coach Adam Howard. In just three years, Adam has bought several properties that provide enough cash flow to replace his W2 income. This includes the “crown jewel” of his portfolio and first commercial property, a 13-unit hotel tucked away in a beautiful New York lake town. Adam found this rare deal by digging up an old Zillow listing that was incorrectly described as a single-family home. He was able to get seller financing for the deal, and today, it brings in $160,000 per year!
Of course, this success story had its fair share of hiccups. Adam shares how he had to bring in a partner to take down the deal and identify creative ways to add value to the property before charging his ideal nightly rate. He also talks about the challenges of out-of-state investing and why building a strong investing team has been the key to his success!
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How to Buy a Hotel: Breaking Down Tony’s FIRST Commercial Real Estate Deal:
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Commercial Real Estate Fundamentals for Successful Investors:
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Scaling From Single Family to Commercial Real Estate:
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Connect with Adam:
BiggerPockets: www.biggerpockets.com/users/a...
Website: www.thebemuspointlodge.com/
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Connect with Ashley and Tony on Instagram:
Ashley: @wealthfromrentals or / wealthfromrentals
Tony: @tonyjrobinson or / tonyjrobinson
Show notes at: link.chtbl.com/Rookie
00:00 Intro
01:19 Finding the 13-Unit Hotel
04:40 Seller Financing 101
12:18 HUGE Property Value-Adds
19:28 Partnerships & Time Management
27:21 Biggest Lessons Learned
33:34 Tips for New Investors
35:36 Connect with Adam!

[@illusionistboozy2649]

As someone who is contemplating draining the small amount of money in my 401k as well, it's refreshing to hear Adam's success with it

[@dhowto3005]

This was interesting. Glad he's having success in real estate!

[@rashaddean6607]

What lake is this? I can’t find the name when I google it

[@deathscyte1]

❤