I Bought a Motel… and it’s Burning Cash (90 Day Update)

I Bought a Motel That’s Burning Cash | 90 Day Update About 90 days ago we bought this motel, and in this video I’m giving a full update on how the deal is actually performing. We walk through the property, show the rooms we’ve been renovating, and break down the real numbers behind the deal so far. But to be completely honest… this month was rough. After paying all the expenses, we barely cleared just over $1,000 in profit, which is obviously not where we want this deal to be. Because of that, we’re making some changes quickly and hoping we can catch up once the summer travel season picks up. In this update we cover: • The actual income and expenses from the motel • Why this property is struggling right now • The rooms and upgrades we’ve been working on • The biggest unexpected challenges so far • What we’re changing to improve cash flow • Why we believe summer could turn things around Real estate investing isn’t always smooth, and this series shows the real side of owning and improving a motel property. Sometimes deals take time, renovations cost more than expected, and you have to adjust your strategy to make the numbers work. If you want to see real estate deals, renovations, and the real numbers behind value-add investments, subscribe for future updates as we continue working to turn this motel around. #RealEstateInvesting #MotelInvesting #CashFlow #ValueAddRealEstate #ChandlerDavidSmith If you want to join the CDS Vegas Retreat, click below http://vegasretreat.chandlerdavidsmit... 90 Day Motel Update – Real Numbers, Renovations, and a Tough Month It’s been 90 days since we started working on this motel, and in this video I’m giving a full update on the project, including the real numbers, renovations, and what’s actually happening behind the scenes. We walk through the property and show all of the rooms and units we’ve been working on, the improvements we’ve made, and the progress over the past three months. But to be completely transparent, this was a really tough month financially. After paying all the expenses, we barely cleared just over $1,000 in profit, which means we need to make some adjustments quickly if we want this project to perform the way we expected. In this update we cover: • A full breakdown of the motel’s income and expenses • Why this month was so difficult financially • The rooms and renovations we’ve been working on • The biggest challenges and unexpected costs so far • What changes we’re making right now to improve profitability • Why we’re hoping summer occupancy will help turn things around Real estate investing isn’t always smooth, and this video shows the real side of owning and improving a motel property. Sometimes you have to work through tough months and pivot quickly before things start moving in the right direction. We’re optimistic that as travel picks up and renovations continue, this deal will start performing much better over the coming months. If you’re interested in real estate investing, motel investing, value-add properties, and seeing real numbers from actual deals, make sure to subscribe for future updates. ⸻ Subscribe for more real estate deal breakdowns and updates. #RealEstateInvesting #MotelInvesting #ValueAddRealEstate #CashFlow #PassiveIncome #ChandlerDavidSmith If you want to join the CDS Vegas Retreat,  click below  http://vegasretreat.chandlerdavidsmit... Get $50 off my new Real Estate Investing Course! Use coupon ( 50OFF ) Go to: https://chandlerdavidsmith.podia.com Ballpoint marketing mailers (use code “CDS” for 10% off!) Use this link: https://www.ballpointmarketing.com/?r... To learn more about a job opportunity doing door to door sales with Chandler, go to: https://www.elitesummersales.com/ To join my Facebook group, go to:   / chandlersmithmastermind   If you're interested in learning more about real estate investing, and you'd like to have one-on-one mentorship go to: https://www.chandlerdavidsmith.com/ Check out some other videos if you want to learn more about investing in real estate, building a huge passive income, or preparing for your own future home. Want to see all of Chandler's real estate deals? Real Estate Portfolio    • Real Estate Portfolio   What is a Good Deal?    • What is a Good Deal? | Real Estate Investing   Follow Chandler INSTAGRAM   / chandlerdavidsmith   Facebook   / chandler.smith.73