47 min
Ep 24 - Investing In Current “Unloved” Hotel Assets To Generate Powerful Wealth with Mike Stohler The Art of Winning
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- Entrepreneurship
Today’s guest is Mike Stohler (STOW-ler), the co-founder of Gateway Private Equity Group which is a hotel real estate investment firm. When the multi-family market shifted in 2016, Mike pivoted into hotel investments for higher returns and better value-add opportunities. As a result of the global pandemic, hotels are currently considered “unloved” assets which Mike believes is exactly why now is the right time to look at hotels as an investment opportunity.
[00:01 - 08:49] Who is Mike Stohler?
Mike discusses how he started in real estate as an investor He teaches others how to create their own successful lives
[08:50 - 22:41] Acting
Mike started in real estate during the housing crash of 2008 He bough fourplexes and single-family homes before switching to property management He uses private financing to buy his properties How he learned about property management
[22:42 - 40:51]
Mike tells us that the biggest challenge for growing a business is time management He advises to utilize personality tests to determine if someone is a good fit in a company: Myers Briggs Test DISC Profile Creating a calendar can help with discipline and time management Utilizing VA companies that will allow you to focus on growth in your business
[40:51 – 47:56] Closing Segment
What has been the biggest catalyst for growth in your life? He says that both delegation and coaching What do you do for your health? He says eating health, exercising and playing the guitar at night as a way decompressing What brings you the most joy in life? The most joy in life when he was on the board of several charities You can find out more about Mike and his business at http://www.gatewaype.com
Connect with Mike!
Website: http://www.gatewaype.com
LinkedIn: https://www.linkedin.com/in/michaelstohler
Want to learn more about creating multiple streams of income, wealth protection, financial freedom, or real estate investing? Join our investor club, check out our blog, get our free ebook on investing, or join us for our monthly wealth and whiskey virtual meetup. Take the first to your wins in life just head on to http://www.valkeregroup.com.
Leave a REVIEW and SHARE this episode with someone who wants to unlock the secrets to success. Listen to other episodes on Apple, Spotify, Libsyn or wherever you get your podcasts!
Key Quotes
“Hotel is a business. I'm buying a business, just like you buy a McDonald's or you buy another franchise. It sits on real estate and you have that appreciation, but then you're buying something that has 18 to 20 employees and it has a lot of expenses. So that's the biggest differences.” – Mike Stohler
“The biggest thing is just, remember that you're running a business. It's not real estate and you have to think and learn realize how do you run a business.” – Mike Stohler
Today’s guest is Mike Stohler (STOW-ler), the co-founder of Gateway Private Equity Group which is a hotel real estate investment firm. When the multi-family market shifted in 2016, Mike pivoted into hotel investments for higher returns and better value-add opportunities. As a result of the global pandemic, hotels are currently considered “unloved” assets which Mike believes is exactly why now is the right time to look at hotels as an investment opportunity.
[00:01 - 08:49] Who is Mike Stohler?
Mike discusses how he started in real estate as an investor He teaches others how to create their own successful lives
[08:50 - 22:41] Acting
Mike started in real estate during the housing crash of 2008 He bough fourplexes and single-family homes before switching to property management He uses private financing to buy his properties How he learned about property management
[22:42 - 40:51]
Mike tells us that the biggest challenge for growing a business is time management He advises to utilize personality tests to determine if someone is a good fit in a company: Myers Briggs Test DISC Profile Creating a calendar can help with discipline and time management Utilizing VA companies that will allow you to focus on growth in your business
[40:51 – 47:56] Closing Segment
What has been the biggest catalyst for growth in your life? He says that both delegation and coaching What do you do for your health? He says eating health, exercising and playing the guitar at night as a way decompressing What brings you the most joy in life? The most joy in life when he was on the board of several charities You can find out more about Mike and his business at http://www.gatewaype.com
Connect with Mike!
Website: http://www.gatewaype.com
LinkedIn: https://www.linkedin.com/in/michaelstohler
Want to learn more about creating multiple streams of income, wealth protection, financial freedom, or real estate investing? Join our investor club, check out our blog, get our free ebook on investing, or join us for our monthly wealth and whiskey virtual meetup. Take the first to your wins in life just head on to http://www.valkeregroup.com.
Leave a REVIEW and SHARE this episode with someone who wants to unlock the secrets to success. Listen to other episodes on Apple, Spotify, Libsyn or wherever you get your podcasts!
Key Quotes
“Hotel is a business. I'm buying a business, just like you buy a McDonald's or you buy another franchise. It sits on real estate and you have that appreciation, but then you're buying something that has 18 to 20 employees and it has a lot of expenses. So that's the biggest differences.” – Mike Stohler
“The biggest thing is just, remember that you're running a business. It's not real estate and you have to think and learn realize how do you run a business.” – Mike Stohler
47 min