How can real estate investors profit from distressed hotels while addressing the affordable housing crisis?

In this episode, Elan Gordon, an expert in commercial real estate with over $2.8 billion in transactions, breaks down his unique approach to turning underperforming hotels into much-needed multifamily housing units.

With a track record of 750 million in value-added multifamily deals and hotel conversions, Elan shares his proven strategies for navigating today’s complex real estate market.

He explains the hotel-to-multifamily conversion process, outlining the challenges and opportunities involved, from construction and zoning to market selection. Elan also shares his thoughts on market trends, oversupply issues in cities like Austin, and why affordable micro-units are key to meeting housing demands.

Tune in to discover the future of real estate and how smart investors can capitalize on distressed assets and make the most of today’s market opportunities!

Key Takeaways: 

• 00:00 Intro
• 02:21 How Elan made his first dollar as a kid
• 05:00 Transition from value-add multifamily to hotel conversions
• 12:13 Solving the affordable housing crisis with micro-units
• 18:45 Key markets for hotel-to-multifamily conversions
• 20:49 Handling construction and conversion complexities
• 25:06 Real estate market outlook 
• 29:46 Top 5 investing tips 
• 36:29 Outro

—

Additional resources: 

➡️ Get in touch with Elan Gordon: 

• Website: https://shircapital.com/

• LinkedIn: https://www.linkedin.com/company/shir-capital/

➡️ Visit https://reedgoossens.com/ and:

• Invest passively in multifamily real estate 

• Get FREE access to my 100% Passive Real Estate Investment Masterclass

• Take a look at my portfolio

• Get FREE multifamily real estate resources 

➡️ Follow me on social media:

• LinkedIn: https://www.linkedin.com/in/reed-goossens-b2a6a933/ 

• Instagram: https://www.instagram.com/reedgoossens/ 

• Facebook: https://www.facebook.com/reed.goossens/ 

➡️ Subscribe to my podcast: 

• YouTube: @ReedGoossensREI 

• Apple: https://apple.co/44MiDN7 

• Spotify: https://spoti.fi/45fVIcR 

• Stitcher: https://bit.ly/3OHHJqJ 

• Soundcloud: https://soundcloud.com/investing-in-the-us 

—

Investing in the U.S. is a podcast for real estate investors and entrepreneurs who want to break into the U.S. market and grow their wealth!

Follow so you never miss an episode!