Motel to Apartment Conversion Investors Lets Connect!

Investor · FL · Member since 2017 · 134 posts · 66 votes

I am looking to meet other investors in the country that are currently or already have converted motels into apartments. I think it is one of the most untapped niche opportunities in the US right now and it would be beneficial to share each other's experiences.

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Nathan GesnerBusiness Member
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Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes
4y
Go to NETWORK at the top of your screen and you can search for other investors and investment groups in your area. You can also check meetup.com or search facebook for real estate investment groups, clubs, or meetings in your area.
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Jace Perry
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Investor · FL · Member since 2017 · 134 posts · 66 votes
3y
Quote from @Jim Flynn:

Quote from @Jace Perry:

I am looking to meet other investors in the country that are currently or already have converted motels into apartments. I think it is one of the most untapped niche opportunities in the US right now and it would be beneficial to share each other's experiences.
What is your price range

$5M
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Jace Perry
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Investor · FL · Member since 2017 · 134 posts · 66 votes
3y
Quote from @Jim Flynn:

Quote from @Jace Perry:

I am looking to meet other investors in the country that are currently or already have converted motels into apartments. I think it is one of the most untapped niche opportunities in the US right now and it would be beneficial to share each other's experience

When are you wanting to get started?

Right now I have 3 under contract in SC.
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Jeff Lara
Contractor · TX · Member since 2022 · 37 posts · 12 votes
3y
Jace I have put together some plans for an 8 plex with 4 units as 3/2 and 4 units as 1/1, the plan is to build these as investments for other RE investors so they don't have to keep hunting down deals. We create the deals for them. Keep the asset for 5 years and build several more just like it, controlling costs and reducing expenses along the way. Once we have 80 or so units built, we package it and sell it to a bigger REI firm that buys these types if assets. I have another building type that is 2/2 and 1/1 in the same building. I am working on an all 1/1 building for student housing in cities that are low on that type of housing. Let me know your thoughts.
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Jonathan Sumner
Rental Property Investor · Jefferson City, MO · Member since 2014 · 12 posts · 8 votes
3y
@Jace Perry
I completely agree with you. I purchased a 27 unit motel and converted it to efficiency apartments. With low supply and high demand in my area the property is doing well. Please let me know if anyone has questions, thanks!
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Account Closed
Louisville, KY · Member since 2023 · 70 posts · 34 votes
3y
Some small towns outside of larger cities have struggling motels, they're easy to identify. Try asking the local chamber of commerce, our nearby chamber suggested a conversion and knew the local owner of one.
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