We recently picked up a $15 million dollar hotel at foreclosure for only $2.4 million dollars. These deals are happening all over the country.
Right after the sub prime mortgage crisis in 2008, there was a residential real estate crash that caused a flood of foreclosed properties to hit the market.
In the following years I did residential foreclosure sales and bought properties for pennies on the dollar. One of them was a 3 bed 2 bath home I bought for $134k, put 10k of updates into it, and sold it a month later for $239k for a $95,000 profit.
That was back then. What we have going on now in THIS market is a flood of hotels going into foreclosure because of a variety of reasons: Airbnb entering the market, COVID restrictions, and hotel franchises imposing higher branding and update costs to hotel owners.
Click on the link below to get free information and training on this up and coming strategy and let me show you ways to passively make money in this market.