Is there a new trend emerging for Real Estate investors? The National Association of Realtors did a case study on repurposing vacant hotels and motels into multi-family homes.
Some investors have already jumped on this bandwagon and have begun converting hotels and motels into multi-family homes at a cost of $25,000-$50,000 per room, according to the case study done by NAR.
Savvy investors are moving in this direction because they understand that there is a housing supply shortage and they want to be the ones to increase their bottom line, by supplying the demand for this shortage.
Is it time for you, to cash in on your small investment properties and begin looking into this new emerging trend?
Seekia “kia” Morrison, Real Estate Sales Broker
West East Real Estate