204. REAL DEAL: Converting Hotels to Multifamily with Mitchell Rice

In this episode of the Real Estate Investing School Podcast, Brody Fausett sits down with Mitchell Rice to break down the ins and outs of a killer real estate deal—converting hotels into multifamily apartments. They dive right into the specifics of a deal Mitch is working on in Houston, where he's transforming an extended-stay hotel into apartment units. From navigating city zoning to structuring seller financing and raising capital, Mitch lays it all out. You'll hear how they found the deal off-market, convinced the seller to finance part of it, and their plans to cash out big on the back end. The episode is packed with actionable insights and takeaways for anyone looking to scale their real estate game. Brody and Mitch cover everything from how to negotiate with sellers, leverage creative financing, and get the city on board with zoning changes, to raising capital and making a deal work even in a high-interest-rate environment. If you're serious about growing your portfolio and looking for ways to use creative strategies to maximize your returns, this conversation is full of gold nuggets you can apply immediately. Take the first step in creating your dream life through real estate investing, and book a free real estate strategy call with one of our coaches. Book a free real estate investing strategy call! No experience necessary. Check out the Real Estate Investing School Youtube Real Estate Investing School Instagram Brody's Instagram Mitchell's Instagram