All Forum Posts by: Drew Eldridge

I agree. Especially at the cap rates that properties are currently trading for. I've been RE investing since 2006. Would definitely love to chat sometime about senior living.

Originally posted by @M P.:

Hello, an anesthesiologist who has been passive investing in multiple real estate ventures since 2007 (way before FIRE movement, and all of those physician blogs touting real estate investing in the last 2 years). Started with multifamily, then hotels, and recently senior living. I am completely out of multifamily right now (last 5 years or so) because valuations are unsustainable.

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@Christopher Cunnyngham Welcome to the fray! We need to get together soon to discuss.

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Very sound advice from @Daniel A.!

I would start with Brandon Turner's book. It provides a nice overview and in fact, most of the BP books are well written and provide great info. I would also strongly recommend consuming as much of the BP podcast as you can. You can skip episodes that don't necessarily pertain to the approach you want to take (ie. wholesaling vs. buy and hold vs. flipping). I'm local and happy to help if you have any questions.

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I'd hold onto your dry powder - this cycle is just starting to unfold. Just my 0.02.

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@Ronnie Allison some mindset books that you might add to the list:

The 10x Rule - Grant Cardone

Be Obsessed or Be Average - Grant Cardone

The Compound Effect - Darren Hardy

For learning to negation (regardless of the polarizing title), Trump Style Negotiation by George Ross is a great book to use in conjunction with Never Split the Difference by Chris Voss.

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@Brody Mayberry I would definitely check out the meetings that @Cassi Justiz mentioned. Also there are several FB groups for local investors.

https://www.facebook.com/group...

Hope that helps!

-Drew

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Awesome, @Dan Hennessy ! Let me know if I can ever be of assistance.

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Awesome way to start!

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Portfolios Include: 30+ SFR, 15 Duplexes, 24 Unit Complex, 8 Plex, 4 Plex, 125 units @ 12+% CAP, 16 Unit Complex and more.

For more info:

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1 Vote

NapaliCap.com for more info on our history and current portfolio ($120mm AUM). DM me and I'd be happy to forward the offering memorandum and jump on a call to discuss and answer any questions.

NEW INVESTMENT OFFERING

*View Complete Offering Details Here*

Napali Hospitality Group, a wholly-owned company of Napali Capital, has placed its first hospitality asset, Holiday Inn Airport Area West in Dallas/Fort Worth, under contract.

About this investment:

Projected >9% annualized cash on cash
Estimated overall return of 98.5% over a 5- to 7-year hold
Minimum investment is $75,000
*Please see Offering Memorandum for further details.

Asset Overview:

243-unit, five-story, mid-rise, full-service hotel
Built in 1975 and renovated in 2014
Centrally located between Dallas and Fort Worth, eight minutes from DFW International Airport, and near AT&T Stadium (Dallas Cowboys), Globe Life Park (Texas Rangers) Six Flags Over Texas Amusement Park
Offers king, double-double, one-bedroom suite, and ADA rooms
Contains 5,200 SF of flexible meeting space
80-seat onsite restaurant serves breakfast and dinner daily
Onsite bar & patio offers full liquor service and a select dinner service daily
Guest amenities include a fitness center with cardio and fitness equipment, an expansive outdoor pool, a patio and with an outdoor seating area, and landscaped grounds
Dallas-based Aimbridge Hospitality, the nation’s largest independent hotel investment and management firm, will manage the property.

Plans following closing:

Improve operations and increase revenue by:
Introducing third-party management
Implementing vertical group sales strategy
Implementing comprehensive revenue maximization plan (RevMax)
Begin capital spending program to complete the property improvement plan (PIP) to guest areas, amenities, and common areas
Rebrand & refresh the bar and restaurant offerings to increases profitability

How to subscribe:

Please complete the commitment form in this link to secure your place in this offering.
This is a first-come-first-served opportunity and as with our other offers, will likely be over subscribed.

As always, we appreciate your support and feedback! Please know we are always a phone call or e-mail away!

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The Napali Hospitality Group Team

*Click Here to View Offering Details*

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