Commercial real estate investing might seem intimidating, but in many cases, this kind of rental property is even easier to buy than a single-family home. After two failed attempts, our own Tony Robinson unlocked the blueprint for buying commercial properties as a beginner!
Welcome back to the Real Estate Rookie podcast! Recently, Tony took down his very first commercial deal—a thirteen-unit property he plans to transform into a hotel with self-check-in convenience. But this huge triumph didn’t come without a few costly mistakes. Before landing his “golden goose,” Tony missed out on two properties and lost thousands of dollars in the process. By his third attempt, however, he had cracked the code!
If you want to scale your real estate portfolio and become a full-time investor, buying a commercial property might be your best bet. In this episode, Tony dives into the numbers and projections for his new hotel, as well as the biggest takeaways from his experience. He also shares how to find a market for a niche property, how to raise private capital for a large deal, and why it’s easier to approach an owner about seller financing on a commercial deal!
Ashley:
This is Real Estate Rookie episode 367. Today’s guest, we are going to be talking to someone about buying a motel. We’re going to learn how this is actually achievable for a rookie investor like you or me. And we are going to talk about a couple failures they had and how much money they lost. And also, we’re going to go through how they made it possible to purchase this 13-unit motel.
I am Ashley Kehr, and today I am solo. I am joined by the guest, Tony Robinson. Tony Robinson, welcome to the show.
Tony:
Ashley Kehr, I’m so excited to be here and I think that might be the best podcast introduction I’ve ever had in my life.
Ashley:
Even with all the stutters?
Tony:
Even with the mic check. “Oh, we got something coming through.” Yeah. No, I love that. That was good.
Ashley:
Besides that, I still…