How to Buy Your First Hotel in 5 Steps with Davonne Reaves

On this podcast episode, we're going to talk about how anybody can buy their first hotel in 5 simple steps. We've invited an industry expert Davonne Reaves to share some simple steps that she's used to buy over $20 Million Dollars in Hotels over the last 5 years. Check it out!
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[@jamelgibbs]

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[@marcussumbler4814]

This video has an incredible amount of information! Thank you guys. Great questions brotha and thank you to Ms. Reaves!

[@RoyalDx]

This is gold!!!

[@memememe7187]

OMG, a third part management company cost you between 3 to 4 percent while Airbnb manager cost me 15 percent... I sure must make a switch here.

[@rhine2y6y]

It's due to the pure scalability of hotels. Compare single family home management costs to management of several units or an apartment building, same sort of drop.

[@graciousoctober]

I am watching this video after a hotel investing guest speaker presented at the Stocks & Stilettos Society.

[@ILM2219]

Thank you, Jamel and Davonne. My head is swimming... and yes!!! Monopoly :) My eyes are open. Great work both of you :) !

[@jparis2403]

Economy lodge I agree

[@quaniclark4790]

This is dope and smart

[@guillardtalleyrand415]

Please help me understand it the hotel business

[@patrickdelaney8084]

Is it hard to get owner financing on hotels?

[@guillardtalleyrand415]

I will love to invest with you

[@everydayvacaytaj]

Oh so I only need 20% of 2 million to get started..

[@PatriotMilitaryMom]

🤣

[@maxpower6979]

I'm checking in between the couch for quarters now.

[@alfordelliott6943]

​@@maxpower6979better get you ass out the house and network

[@rhine2y6y]

No, she suggested a minimum 6 figures. So at least $100,000. Not an unreasonable amount to get into basically another form of real estate investing. So folks frequently join up with friends / other partners to hit that needed downpayment.