In this week's episode of The Richer Geek Podcast, Mike and Nichole sit down for a quick but insightful chat about their first hotel investment, a deal they almost passed on. They share how a mismanaged Arizona property turned into a 3X return and what it taught them about timing, partnerships, and spotting value where others don't look.

In this episode, we chat about…

• How Mike transitioned from multifamily to hotels

• Meeting Vic and forming a strong investment partnership

• Finding opportunity in a mismanaged Arizona hotel

• Why location and local "drivers" matter more than luxury

• The strategy behind selling at the right time

Key Takeaways:

1. Don't ignore unglamorous deals, they often perform best

2. Location + economic drivers = hotel success

3. The right partner can make or break your investment

4. Manage smart, not flashy, focus on fundamentals

5. Timing your exit can multiply your returns

6. Learn through partnerships before going solo

Resources from Mike and Nichole

Gateway Private Equity Group | Nic's guide