JF3040: Converting Hospitality into Long-Term Rentals ft. Andrea Foley

<p>Andrea Foley is the CEO/CFO of Generational Wealth Capital, which specializes in reimagining hospitality for long-term wealth. In this episode, she discusses how she is building wealth by purchasing mom-and-pop hotels in smaller towns and converting them into multifamily apartment buildings. </p> <p> </p> <h2><strong>Andrea Foley | Real Estate Background</strong></h2> <ul style="font-size: 18px;"> <li style="color: #000000;" aria-level="1"> <p style="font-size: 18px;"><span style="color: #000000;">CEO/CFO of Generational Wealth Capital, which specializes in reimagining hospitality for long-term wealth. She is currently on her second hotel-to-multifamily conversion and also owns and plans to grow short-term rentals.</span></p> </li> <li style="color: #000000;" aria-level="1"> <p><span style="color: #000000;">Portfolio:</span></p> <ul> <li style="color: #000000;" aria-level="2"> <p><span style="color: #000000;">GP of two properties with a total of 175 units</span></p> </li> <li style="color: #000000;" aria-level="2"> <p><span style="color: #000000;">Reinvesting all LP funds into her own projects at the moment</span></p> </li> </ul> </li> <li style="color: #000000;" aria-level="1"> <p><span style="color: #000000;">Based in: Omaha, NE</span></p> </li> </ul> <ul style="font-size: 18px;"> <li style="color: #000000;" aria-level="1"> <p><span style="color: #000000;">Say hi to her at: </span></p> </li> </ul> <ul style="font-size: 18px;"> <ul> <ul> <li style="color: #000000;" aria-level="2"> <p style="font-size: 18px;"><a style="font-size: 11px;" href= "http://www.generationalwealthcapital.com/" target="_blank" rel= "noopener"><span style="font-size: 18px;">Generational Wealth Capital</span></a></p> </li> <li style="color: #000000;" aria-level="2"> <p style="font-size: 18px;"><a style="font-size: 11px;" href= "https://www.instagram.com/generational.wealth.capital/" target= "_blank" rel="noopener"><span style= "font-size: 18px;">Instagram</span></a></p> </li> <li style="color: #000000;" aria-level="2"> <p style="font-siz