MARCH 21, 2023
#20: Investing in Commercially Zoned Properties with Stacey Duvall
If you’re a short-term rental investor, you may be wondering why you should invest in commercially zoned properties.
There are a lot of reasons to do so—but we’ll get to those later. In this episode, I’m honored to welcome Stacey Duvall, a successful real estate entrepreneur and the founder of Stacey Duvall Real Estate.
Stacey is here to talk about how she went from being a single mom with no money to being a successful real estate investor who’s built her business from the ground up. Plus, she shares her tips for finding commercially zoned properties and what you should do before purchasing them!
Highlights and Key Points:
[02:57] How Stacey got into short-term rentals
[06:12] Her transition process from a real estate agent to a real estate investor
[09:29] Stacey’s portfolio
[10:16] Her commercially zoned properties
[13:13] What you should do before purchasing commercially zoned properties
[14:39] How Stacey finds her properties- ’Reverse wholesaling’
[16:45] Who are real estate wholesalers?
[19:33] Stacey’s advice to people afraid of venturing into STR business
[21:42] Why she decided to focus on large commercially zoned properties
[22:19] Complexities of hosting large parties
Golden Nuggets
- Always check the zoning of the area where you want to buy a property because every area has different rules.
- When acquiring commercially zoned properties, consult a real estate agent or broker who understands commercially zoned properties and the investor mindset.
Quote
“If you do more than what’s expected, you get more in return.”-Stacey Duvall
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