All Forum Posts by: Syed Lateef

LOL i love making a lasting impact. Looks like you got a couple more people to follow your little agenda. Ill check back in a few months @Paul Sandhu

@Duncan Hayes dont listen to these guys

@Paul Sandhu haha after few years of not coming on bigger pockets forums to read STR forums (probably cause your squad spams all posts). I come back to see after years your still on every post and the same group of people discouraging everyone's idea.

After yours and the other nonsense posts people start having the real discussion. I wish there was a way to block posts from people LOL

But I laughed out loud when I saw your post of me. i forgot i wrote that. but it still true!

I do this as a business for 4 years (fulltime) now in an urban market in Chicago. It was amazing until covid. There was a point that i thought i wouldn't make it. I survived fortunately and i am looking forward to 2021. Its a good time to get into this business imo

Theres a Chicago facebook handyman group. Mention it on there and you will have people message you

I recommend @Adeel Makda

@Peter Francis I do the same exact model in Chicago. I can help you in exchange for you do the same for me in Detroit

@Greg Dickerson Thanks for the info. I will look into everything you mentioned above

This thread is so funny

I run an Airbnb short term rental business in Chicago and getting close to 100 units under management. I master lease properties

I have a substantial operation supporting my current volume. 

Guests Services, Operations, Marketing, Pricing, Finance, Cleaning team, Handymen etc.

I am interested in the idea of purchasing a boutique hotel and run it within my current systems.

I have no experience in finding a hotel, market value of them, or anything.

My questions stems from do you think it would be an easy transition to operate the business side of the hotel with the infrastructure i already have in place? 

What would be the best way to find out hotels for sale in Chicago? Theres literally just 1 on loopnet. 

Are hotels valued by the NOI of the business divided by the cap rate? That would over value you the real-estate if thats the case. But i guess i am buying the real estate and the book of business as well
How do banks finance Hotel purchases

What are other things i should consider when looking to get into this type of business/real estate purchase. 

@Aaron T.

Search Airbnb Profit Club on Facebook. Eric mentions it on his FB group. It looks like you have to apply to it as theres minimum requirements

@John Underwood- Thanks for feedback. I am going to make an effort to start going to these this year