Mike Stohler on Creative Real Estate, Syndications, and Boutique Hotels in Spain

Mike Stohler on Creative Real Estate, Syndications, and Boutique Hotels in Spain Jason Wright interviews real estate investor Mike Stoler, who built a portfolio spanning multifamily and hotels, including boutique castle properties in Spain. Stoler shares how Rich Dad Poor Dad and even a bad seminar sparked his start, early failures buying seller-financed homes from a university due to poor due diligence, and later lessons about inspections, leases, and learning operations by working for a property management company. They discuss creative financing (seller financing, assumptions), partnering and structuring deals via LLCs, joint ventures, and syndications with general and limited partners, accredited investors, preferred returns, and multiple exit strategies. Stoler explains why hotels differ from multifamily, how he recruited an experienced operator with incentive-based economics, his view of short-term vs midterm rentals amid regulation and saturation, and why Spain offers attractive boutique hotel valuations despite heavy paperwork and setup costs. 00:00 Welcome and Guest Intro 01:35 Entrepreneurship vs Owning a Job 03:21 Mike’s Origin Story 05:13 Seller Financing Basics 07:23 Creative Deal Structures 11:00 LLCs and Partner Selection 13:32 Syndications Explained 18:57 Preferred Returns and Payouts 20:22 Exit Strategies and Refinancing 25:24 Short Term Rental Reality Check 28:32 Boutique Hotel Playbook 34:24 Why Spain Now 35:25 Castle Deals Shock 37:35 Paperwork And Setup Costs 39:23 Regulation And Rule Of Law 42:40 Preserving Historic Properties 44:39 Staffing The Boutique Hotel 47:12 Cost Of Living Advantage 48:28 Wealth Lessons And Mentors 53:21 Portfolio Scale And Strategy 54:58 Connect And Invest With Mike 55:58 Wellness Retreat Opportunity 01:00:35 Final Thanks And Outro