He Owns 9 Short Term Rentals & Just Bought His First Boutique Hotel | Kassidy Warren E194

The Rich Somers Report

On today’s episode, Rich sits down with Kassidy Warren – Real Estate Investor, Entrepreneur, Consultant and Former W2 Employee. Kassidy quit his job to turn to van life and consulting. In 2015, he started renting out his spare bedroom for $35/night and now has a $12 Million portfolio of properties across 5 states. He’s now a boutique hotel and short term rental investor.

Rich and Kassidy start off by discussing their journey to sobriety, living up to our full potential, Kassidy’s biggest drivers of growth and fitness, daily routines and the first 2 things Rich does when he starts his day.

They then reflect on Kassidy’s career path before real estate investing and how he got his start in real estate, Cashflow Quadrant, Rich’s experiences in Seattle, van life, Kassidy’s first property and the 20% rule, using real estate to buy more real estate, Rich’s advice for re-financing in the boutique hotel space, interest rates, and sunken costs on niche rentals.

Lastly, they talk about forcing appreciation, Kassidy’s first boutique hotel deal in Solvang, Rich’s Boutique Hotel Mastermind, underwriting conservatively, why boutique hotels are the best play in the current real estate market, a new deal that Kassidy is planning to co-partner on, being the pioneer in underwriting, cap rates in the 2020s, 10 year hold periods, Kassidy’s experience in Rich’s mastermind, the law of the first deal, and where the growth happens.

Connect with Kassidy on Instagram: @qkassidyw

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Connect with Rich on Instagram: @rich_somers
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Interested in joining our Boutique Hotel Mastermind? Visit www.somerscapital.com/mastermind to book a free call.