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Show Notes
In this week's episode of The Richer Geek Podcast, Mike and Nichole sit down for a quick but insightful chat about their first hotel investment, a deal they almost passed on. They share how a mismanaged Arizona property turned into a 3X return and what it taught them about timing, partnerships, and spotting value where others don't look.
In this episode, we chat about…
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How Mike transitioned from multifamily to hotels
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Meeting Vic and forming a strong investment partnership
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Finding opportunity in a mismanaged Arizona hotel
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Why location and local "drivers" matter more than luxury
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The strategy behind selling at the right time
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Don't ignore unglamorous deals, they often perform best
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Location + economic drivers = hotel success
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The right partner can make or break your investment
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Manage smart, not flashy, focus on fundamentals
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Timing your exit can multiply your returns
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Learn through partnerships before going solo
Resources from Mike and Nichole