How a $110K Motel Purchase Turned Into $80K Per Year

Here’s the deal:

•  6-room boutique motel, formerly an Appalachian Mining Museum•  $110K purchase price•  ~$225K total basis ($110K purchase, ~$95K renovation and furniture, ~$20K electrical and mini-splits)•  $0 out of Lindsey’s own pocket, 2 capital partners covered it all•  ~$17K/month gross•  ~$80K/year net income•  ~$800K estimated value at a 10 cap, potentially north of $1M at an 8 cap•  ~$600K–$800K in equity created in under 2 years•  2 hours/week to run it•  50%+ direct bookings, $0 ad spend•  Nearly 90 Google reviews in 2 years

From Mining Museum to Boutique Motel

The building was originally an Appalachian Mining Museum, then someone later converted it into a motel by cutting the building into 7 spaces: 6 guest rooms and 1 office. The carpet was old, the linens were stale, and the HVAC ran on a single thermostat trying to serve 6 separate rooms.

The renovation started with bathrooms, kitchenettes and room finishes. Lindsey upgraded the interiors to feel more boutique, but kept the original wood and wainscoting so the building still felt like itself.

$0 in. $80K a year out. 2 hours a week to run it. The full playbook is below, every decision Lindsey made and how you could apply it to your own overlooked property.

Read the Full Playbook

The complete breakdown: how Lindsey found the deal, structured the capital, built the operations, and turned a $110K motel into $80K a year.

READ THE PLAYBOOK →