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.

Adam Hochfelder: How to Protect Your Real Estate from Additional Costs

For most people, including Adam Hochfelder, having your own home is a very important segment of life, which is evident by the fact that even 92 percent of NYC's real estate properties are privately owned. However, what many people often overlook is the insurance of their living space, which is equally important. Here the figure drops to only about 20 percent. The sources of financial loss to real estate company owners and managers are as varied as they are significant. You might have heard the expression, small claims do great accounts. Well, one of the reasons for this lies in the fact that we think that fires, floods, lightning strikes, and other disasters can never happen to us and that this is an unnecessary expense. In reality, many small accidents can damage or destroy our living space, whether it's a flat, a house, apartment or cottage, together with the things that are in them. According to Mr. Hochfelder when these small costs are added together, you can har...

Adam Hochfelder

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