From Ordinary to Extraordinary: Transforming an 8-unit Building into a Cashflowing Powerhouse
Episode #299 – Dive deep into Joe’s $1.75 million 8-unit apartment purchase! After months of sweat equity, he and his wife transformed it into a gorgeous Airbnb powerhouse, making 2-3 times more money than the previous owner.
Listen to the Podcast Here:
Watch on YouTube Here:
8-Unit Airbnb Photos:
       
       
       
       
Joe’s Initial 3 Offers:
Rent
| Previous Owner’s Rent | $100,000/yr |
| New Expected Rent | $200,000-$300,000/yr |
Commercial Loan Financing
| Purchase Price | $1,750,000 |
| Down Payment | 35% |
| Loan term | 25 years |
| Interest | 6% |
| Total Monthly Payment | $7,328.93 |
Renovation Budget
| Rehab | $170,000 |
| Furnishing | $60,000 |
| Total | $230,000 |
Links:
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Joe’s 8-unit Hotel: https://www.switchbacksuites.com
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Joe’s prior episode: https://www.coachcarson.com/montanahousehacks