A favorite quote of ours is by Napoleon Hill who said “Every adversity, every failure, every heartache, carries with it the seed of an equal or greater benefit”.
It’s a great reminder that tough or uncertain times always provide amazing opportunities… as long as we remain open-minded and solutions-oriented.
That’s what true entrepreneurs do… and that’s how our guests, Andrew LeBaron and Jacob Amezcua, uncovered an amazing opportunity amidst the chaos and craziness of the worldwide Coronavirus Pandemic.
What was the opportunity?
Snapping up distressed hotels/motels (many took a financial hit once the pandemic set in)… and converting them into multifamily properties!
But not all hotels/motels are created equal.
What areas should you buy in? Does the style of building matter? How the heck do you mitigate risk with so many moving parts?
All that and much, much more is covered in this riveting episode!
P.S. We also spend a good amount of time on how to find the “right” type of partnership.
Want to multiply your efforts and skyrocket your results?
The right type of alliance can certainly do that, plus a whole lot more.
The wrong alliance though… can torpedo your efforts – just as fast!
Andrew and Jacob share some practical tips and useful resources to ensure you’re getting into partnerships for the right reasons… and with the right goals, expectations, and “chemistry”.
More about Andrew & Jacob:
Andrew LeBaron – General Partner/Operations – Iron Toro Capital
Andrew is a driven entrepreneur specializing in real estate transactions ranging from wholesale, fix and flip, buy and hold, and development. He is an optimist establishing roots via rigorous networking and personal branding. Being highly effective in project managing and company startups, he is open to brilliant ideas to partner with tenured professionals.
His current venture is to establish relationships and structure creative transactions with other professionals and property owners. He intends to purchase and invest not only real estate, but other promising companies and opportunities.”
LinkedIn: https://www.linkedin.com/in/andrewlebaron
Jacob Amezcua – General Partner/Fund Manager – IRON TORO CAPITAL
As Co-founder of Iron Toro Capital, Jacob acquires motels in areas that need additional housing and converts them into studio apartments for long-term living. Iron Toro Capital is projected to have $17M in real estate assets under management by the end of 2022.
LinkedIn: https://www.linkedin.com/in/jacobamezcua
You can visit them online at: https://irontorocapital.com/
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