BiggerPockets, the new home for Adam

BiggerPockets, one of the biggest real estate communities on the internet, is excited to have the Whiz-Kid from New York, Adam Hochfelder.

Here is his profile - https://www.biggerpockets.com/users/AdamHochfelder

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Things to Know About Investing in Hotel Properties

The hospitality industry is one of the most solvent and fluctuating industries. On a daily basis, this industry deals with transient customers. According to the real estate investor and developer, Adam Hochfelder , this type of the business climate in the hotel industry provides numerous lucrative reasons for investing in hotel properties. Here, Hochfelder gives the key variables you need to take into account when planning your investment. Overview of Asset Classes According to the type of services they provide, there are four main types of hotels: full-service limited-service budget hotels extended stay The "full-service" offers everything a guest might want, including restaurants and bars, conference halls, fully equipped spas, and leisure and sports centers. The "limited-service" is a step-down and offers almost as much as a "full-service". This is typically a restaurant, a fitness center, conference rooms, and a swimming pool. This...

How to Start a Real Estate Investment Business

Investing in real estate can bring life-changing results. Being able to provide for your family and set yourself up for an easier future is a possibility when you’re investing in real estate, but it doesn’t come without some hard truths. For new investors, getting into the business of buying, selling, and renting homes may seem pretty ambitious. But like any other area of personal finance experts, real estate investing eventually comes down to some simple basics. Making a Plan With the right strategies, patience, and a willingness to learn, it’s a discipline that can help you make strides on the path to financial independence.

Hochfelder recommends that you research before you invest

Real estate is a business and like any other, it also requires that you plan, analyze, negotiate and manage. If it’s not producing a profit, your business won’t stay in business for very long. Adam Hochfelder has been in the real estate industry for over three decades. As he explains, this business demands a certain level of commitment. But unlike many other businesses, real estate allows you to control your working hours and set your own schedule. The important thing is to set the goals that you want to achieve, and then work to make that happen. Setting clear and specific investment goals will pave the way toward becoming financially independent. In real estate, objectivity is very important. As human beings, we have the tendency to either like or dislike a certain property. But if you are in the investment business this can be a big financial mistake. That’s why objectivity is the key to success as an investor. Knowledge is the other tool that can save you from sure failure. ...

Adam Hochfelder

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