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Ep 198: How to Buy an Apartment Complex and make it an Airbnb Powerhouse w/ Jonathan Nichols
Description
Jonathan Nichols and his wife syndicated an 8-unit apartment complex in Arlington, Texas for $726,000, converted all units to short-term rentals, and navigated a last-minute lender crisis when their original bank pulled the loan three weeks before closing over concerns about the STR model. They closed 15 minutes before deadline with a replacement lender, put in $80K of rehab at roughly $5K per unit, and now operate the property under a 25% down commercial loan while charging themselves a 15% management fee that flows back through their ownership stakes.
Jonathan explains why he focuses on both STR (for cash flow) and multifamily syndications (for wealth building), the $15,000 cost of a PPM that makes small syndications impractical, Arlington's brutal $500-per-unit annual permit plus 9% hotel tax that kills arbitrage competition, and the massive tax advantage of bonus depreciation in commercial real estate - allowing passive investors to write off 50-80% of their investment in year one before the law sunsets at the end of 2022.
Work with us. Interested in professional management or consulting?
Myka — Sharebnb: www.sharebnb.com
Steve — Argest Rentals: www.ArgestRentals.com
Sign up for PadSplit with Steve's link and get a free 1-on-1 PadSplit strategy call with Stevie Stacks: padsplit.com/hosts
Myka's other podcast, Entrepremarriage — building wealth without losing the marriage: youtube.com/@Entrepremarriage
All our links: linktr.ee/liveletthrive
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