Sep 5, 2022
Mansion Conversion
We've heard of condo conversions and motel conversions but this is our first Mansion Conversion! Listen in as Michael Glaspie shares how he converted one of the oldest homes in Fayetteville, NC into an 8-unit, cash-producing short-term rental. Michael also explains in detail how he evaluated the property using the income approach and not comparables. If you are looking for some creative ideas on how to find your next deal, this is the episode for you!
Michael Glaspie is a Commercial Real Estate Investment Advisor where he assists in the analysis and coaching of investment goals and objectives. Prior to his role as an Investment Advisor, Mike served eleven years in the US Army as a Green Beret, worked as a commercial loan advisor, and served as the Chief Financial Officer for a real estate private equity firm. Throughout his career he has acquired 134 rental units personally and has helped thousands of investors, entrepreneurs, and brokers break into the commercial real estate.
Mike is an Amazon Best Selling Author, he has a bachelor’s degree in business administration from University of Houston-Downtown and an MBA from the Keenan Flagler School of Business at UNC – Chapel Hill. Michael is a Certified Commercial Investment Member (CCIM), Certified Real Estate Investment Planning Specialist (CREIPS), and a National Commercial Real Estate Advisor (NCREA).
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