Motel to Apartment Conversion Deal

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  • Опубликовано: 8 сен 2024

Комментарии • 61

  • @CommercialPropertyAdvisors
    @CommercialPropertyAdvisors  Год назад

    Get step by step help with your own motel to apartment conversion deal by applying to my Protege Program here: www.commercialpropertyadvisors.com/protege-program

  • @AsaBlaze
    @AsaBlaze 11 месяцев назад +4

    I'm on my 5th motel conversion. Never taken out a loan on any of them. Fixing the unaffordable housing crisis one deal at a time! Great video.

    • @TheTyrelMize
      @TheTyrelMize 16 дней назад

      That's awesome! I just had one land in my lap, but it's a cash deal. It's only 23k a door. It'll be my first of I can raise the capital.

  • @Ascension_iq
    @Ascension_iq 2 года назад +8

    Congratulations Jordan. Great job. Peter has the formula for success in CRE

  • @davidferro6773
    @davidferro6773 2 года назад +7

    Way to Jordan!
    Love the Zig Ziglar quote and your approach to the deal, serve others and you'll be blessed 🙌

  • @carlvena8183
    @carlvena8183 Год назад +1

    Dear Mr. Harris......Boston Bldg owner here now in FL......I greatly admire all you have done and are doing. On the conversion small town motel into apartments.......I must register my disapproval as this would never fly either in Massachusetts or Florida as it is falls into the category of bad areas that defy upgradeing or even maintenance as strong rental. This type of bldg is obsolete and screams low and lower class...........destined for prostitution, drug dealing, vacancies, drunks, running out on rent, etc..........

  • @aiksmart
    @aiksmart 2 года назад +1

    Hello Peter, a friend of mine introduced me to your videos yesterday and I must admit that you're a phenomenal coach! And, yes, Jordan closed an amazing deal on that property and it was an all-round win-win for the Seller, her two kids, Jorsan and his family!

  • @MLCuradossi
    @MLCuradossi Год назад +2

    Great video. Curious to hear how Jordan makes out with zoning change from motel to apartments. I am working on similar project now in MA. I have paid a lot of upfront money to engineer, architect (for plans and code review) and also my attorney. Town departments are all on board and say great things.... but the ZBA makes ultimate decision. We shall see. Good luck Jordan!

  • @ericcruzsolano8466
    @ericcruzsolano8466 2 года назад +3

    Congrats Jordan ! Peter is an amazing mentor

  • @stevewellman3154
    @stevewellman3154 Год назад

    The creative inspiration in this story has had a tremendous impact on my decision to join the Protégé program. Real people doing positive things with dramatic effect. I’m very grateful to be part of it.

  • @Jennifer_Lewis_Beach_Living
    @Jennifer_Lewis_Beach_Living Год назад

    I really like this idea to take motels and convert them into apartments. This addresses the issues of the lack of rental housing, and if someone wants to go in that direction, it solves the problem of the lack of affordable housing for hard-working Americans.
    In east coast central Florida (where I’m located), developers turned the older motels into apartments and offices. What’s even cooler is some of these motels were oceanfront, so the developers got a nice ROI, AND they were a more affordable option than the luxury units that were there now.

  • @zelialadeira756
    @zelialadeira756 2 года назад +1

    Great Job, Peter. Wishing you great success, to Jordan. I can not wait for my adventure to start

  • @MrChristhess
    @MrChristhess Год назад

    Congratulations Jordan & Janette! ❤🎉

  • @quentinhamilton5142
    @quentinhamilton5142 Год назад

    This is a motivator!!!!! Thank you Mr..Harris. I will be a student within the next 2 weeks. Q H in BHM, AL.

  • @geesmith3107
    @geesmith3107 Год назад

    Congrats Jordan on a great win win creative deal. Awesome!

  • @dotsyjmaher
    @dotsyjmaher 2 года назад

    I love your enthusiasm...and great ideas..Thank you!

  • @danarobinson6156
    @danarobinson6156 2 года назад +2

    Great 👍 content as always 👌

  • @EstrellaO-2023
    @EstrellaO-2023 2 года назад +1

    Good business with high ethics. Congrats!

  • @omarkaraeel2316
    @omarkaraeel2316 2 года назад +1

    I can't wait to find great deals using Peter Harris methods

  • @docimma
    @docimma Год назад

    Amazing acquisition! So, how did Jordan find this property? A grocery / convenince store would bring Jordan more income as the tenants would use.
    I need to find your videos on acquiring CRE land.

  • @davidwilson6033
    @davidwilson6033 2 года назад +1

    Excellent video! Great deal! Great lesson!

  • @avelinalindawan6218
    @avelinalindawan6218 Год назад

    Congratulations Jordan!

  • @haleason9342
    @haleason9342 Год назад

    🎉Great Job Jordan❤

  • @Anaiya2022
    @Anaiya2022 2 года назад

    I was subscribed to this channel and had no idea you were going to put out new content. I'm not going to re subscribe as I still get your email notifications and content. I'm looking into a deal just like this as we speak. This is wonderful content.

  • @daltondrake3118
    @daltondrake3118 Год назад

    Peter you are wonderful. Thank you.

  • @brookanne7237
    @brookanne7237 Год назад

    Grat Job Jordan.

  • @professorreginapiercebrown4530

    Hi Peter and Jordan, this sounds like a win-win for both buyer and seller! The back lot would be perfect for tiny homes. QUESTION: What city and state was this in? Just curious as some geographic areas are more affordable than others.

  • @artistpr5386
    @artistpr5386 2 года назад

    Your content is awesome Peter❤️
    Soon as I get a few things in order with my finances in order I will be giving you a call. ☎️

  • @moyo3980
    @moyo3980 2 года назад +1

    Peter, I want to ask you about commercial real estate wholesaling. I have your for dummies book and want to do commercial wholesaling, in the book there is no chapter dedicated to commercialwholesale, do you have a full comprehensive course on this alone? If so, where will I find it?

    • @CommercialPropertyAdvisors
      @CommercialPropertyAdvisors  2 года назад

      Here you go! Wholesaling Commercial Real Estate for Beginners: ruclips.net/video/9ZraWnoU_ik/видео.html

  • @stevelanz
    @stevelanz 2 года назад

    Congratulations Jordan! Way to go!!!

  • @mmcleod111
    @mmcleod111 2 года назад

    Great story, great project. Congrats.

  • @Brighten-up-sunshine
    @Brighten-up-sunshine 2 года назад

    I love this great video thank you for sharing

  • @robertoinvests
    @robertoinvests Год назад

    Nice job Jordan!

  • @preapple
    @preapple Год назад

    help me repeat this exercise!

  • @omarkaraeel2316
    @omarkaraeel2316 2 года назад

    Congratulations Jordan
    High 5

  • @Pernection
    @Pernection Год назад

    These I like

  • @crisisbliss2462
    @crisisbliss2462 2 года назад

    👍good job Jordan.

  • @jeremyrlack
    @jeremyrlack 7 месяцев назад

    Peter, how can I get in touch with Jordan? Thank you

  • @ptron100
    @ptron100 2 года назад

    Good job Jordan!!!

  • @aliom4302
    @aliom4302 2 года назад

    Great 👍

  • @Greg32314
    @Greg32314 2 года назад

    High Five Jordan !!!

  • @MrNeickou
    @MrNeickou 2 года назад

    High five Jordan!!

  • @WinfordStraub
    @WinfordStraub 2 года назад

    Congrats!

  • @ferrongamble8872
    @ferrongamble8872 2 года назад

    Congrats!!!!

  • @antoniostephano
    @antoniostephano 2 месяца назад

    @18:46 He says price was $1.35million and that the crazy part was if you do the math it is only $48k a door. That math does sound crazy since it comes out to over $84k a door. What math is he doing? What am I missing?

  • @darrrenmays9512
    @darrrenmays9512 2 года назад

    Great content!!!
    What is the conversion cost?

  • @AberrantArt
    @AberrantArt 2 года назад

    Do you have a hand holding type mentorship? I already spent 10k on a mentorship that's just over crowded and gives no one on one.
    I've spent over 2 years learning and only consuming content like you and Phil Pustejovsky, Coach Carson etc.
    I never feel confident in moving forward and I need someone to tell me what to do step by step to make sure I don't mess up. I over think everything and just need clear direction.

  • @AnthonyWheatley_
    @AnthonyWheatley_ 2 года назад

    Congratulations

  • @eugenehammond6225
    @eugenehammond6225 2 года назад

    Amen 🙏🙏🙌

  • @seanm954
    @seanm954 2 года назад

    🙌

  • @estrellanava5080
    @estrellanava5080 2 года назад

    Hello, I wanted to complement on your great videos. I also wanted to ask if you can reffer me good commercial lender/banks. Thank you so much for your videos.

  • @Coatomc
    @Coatomc 2 года назад

    ✋🏾high five

  • @LAMexStud
    @LAMexStud Год назад +1

    Sorry but It looks to me he ripped her off, the opposite that's been claimed here. :0

    • @hellisgood666
      @hellisgood666 Месяц назад

      😂😂 she accepted it that's business. Don't take business personal

    • @LAMexStud
      @LAMexStud Месяц назад

      Im not. I am an investor myself, I would have loved doing that deal. But I would not call me a sweet benefactor good hearted person.

  • @noexcuses9837
    @noexcuses9837 2 года назад

    Congratulations Jordan!