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
Don't ignore unglamorous deals, they often perform best
Location + economic drivers = hotel success
The right partner can make or break your investment
Manage smart, not flashy, focus on fundamentals
Timing your exit can multiply your returns
Learn through partnerships before going solo
Resources from Mike and Nichole
