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

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.    Andrea Foley | Real Estate Background 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. Portfolio: GP of two properties with a total of 175 units Reinvesting all LP funds into her own projects at the moment Based in: Omaha, NE Say hi to her at:  Generational Wealth Capital Instagram LinkedIn Linktree TikTok Best Ever Book: Never Split the Difference by Chris Voss Greatest Lesson: You must be flexible, resilient, and extremely creative to have low risk and high success. After almost going bankrupt in my retail business, I was able to pivot, triple my revenue, and sell my business. Join the newsletter for expert tips & investing content.   Sign up to be a guest on the show. FREE eBook: The Ultimate Guide to Multifamily Deals & Investing Register for this year's Best Ever Conference in Salt Lake City Stay in touch with us! www.bestevercre.com YouTube Facebook LinkedIn Instagram Click here to know more about our sponsors: MFIN CON |Reliant Learn more about your ad choices. Visit megaphone.fm/adchoices