#362 FBF: Words of Wisdom from an Extended Stay Hotel Developer and Multifamily Investor - with Chris Winterhalter
Real Estate Investing for Cash Flow with Kevin Bupp · Kevin Bupp
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Show Notes
Chris started with fixing and flipping single family homes before moving onto multifamily investments. In addition to his current investments, he's also active in a national extended stay development project and based on his financial projections the numbers look pretty darn exciting.
Chris is a top-notch guy and I'm positive that you'll enjoy our interview together.
Here's a few things you'll learn in our interview with Chris today:
- How he got started as investor during one of the worst times in real estate history which was during the financial crisis of 2008
- What qualities initially attracted him to multi-family apartments as a primary investment vehicle
- How he transitioned from doing single family fix and flips to purchasing his first 12 unit multifamily building
- What economic fundamentals drew him to the St Louis marketplace
- How we was able to build a team in the St Louis market which allowed him to still be a long distance owner
- Why he classifies his remaining single family rentals as pesky and wishes he didn't have them in his portfolio
- Learn where and how he's finding most of his deals
- Some of the challenges he ran up against when first stepping into the multifamily arena and how he overcame them.
- Why he is excited about the extended stay hotel business
- How he was able to get into the hotel development business without prior experience in this sector of real estate
- What he would change in his investment business if he could go back in time and start all over again
- And much more
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