660: Deal Deep Dive: How Robuilt Doubled His Property Portfolio Overnight

<p><a href="https://www.biggerpockets.com/blog/hotel-investing-2021" rel="noopener noreferrer" target="_blank"><strong>Hotel investments</strong></a>, big <strong>BRRRRs</strong>, and some <strong>mind-boggling cash flow</strong> are coming up on this <strong>Deal Deep Dive</strong> with our very own <strong>Rob Abasolo</strong>. For almost the entirety of Rob’s short-term rental investing career, he’s preached the good gospel about how small, mom-and-pop-owned vacation rentals are the way of the future. The secluded single-family rental, log cabin, or treehouse were some of Rob’s most impressive and profitable investments. But now, he’s<strong> taken a step in a whole different direction</strong>.</p><p>Rob <strong>doubled his rental property portfolio almost overnight</strong>, going from fifteen units to thirty-five by<strong> purchasing a twenty-unit hotel/motel mix</strong> in beautiful Upstate New York. Without much experience running anything on that scale, Rob and his partners went to work trying to figure out how to<strong> turn this mess of a motel into a profitable, high-value vacation destination</strong>. He faced some serious hurdles, from canceling on guests to fixing a literal hole in the middle of the property, but found a way to make it work.</p><p>Once the renovations are complete, Rob will walk away with an almost <strong>unbelievable amount of yearly </strong><a href="https://www.biggerpockets.com/blog/cash-flow" rel="noopener noreferrer" target="_blank"><strong>cash flow</strong></a>, a seven-figure increase in equity, and a scalable system that will let him do these types of deals more often than he thought. Want to<strong> hear the nitty gritty</strong> so you can tackle something as lucrative as this? Sit back, relax, press play, and prepare for your next big property purchase!</p><p><strong>&nbsp;In This Episode We Cover:</strong></p><p>Transitioning from single-family rentals to <strong>multifamily vacation rental investments&nbsp;</strong></p><p><strong>Hotel hurdles</strong>