The R.E.I. Diamonds Show
The Real Estate Investing Podcast for Experienced Investors

  Host Dan Breslin and Andrew Llewellyn discuss the unique and profitable real estate strategy of converting distressed, non-liquid commercial office buildings into highly liquid, cash-flowing residential-style boutique hotels designed for large group short term rentals. Llewellyn’s model works by acquiring property for the value of the “dirt” and transforming the asset. He capitalizes on Louisville’s favorable zoning and consistent demand, ensuring his properties are premium experiences rather than commodity rentals. Llewellyn views the operation as a “cash manufacturing machine,” optimizing efficiency and turnover using operational principles from books like Traction and The Goal.   Andrew Llewellyn & I Discuss Large Group Short Term Rental Investment: The Strategic Advantage of Office- to Apartments Conversion  (00:26:50-00:28:37) Acquisition and Build Out Costs

  Host Dan Breslin and Natalie Cloutier discuss her unique Build, Rent, Refinance, and Repeat (BRRRR 2.0) strategy for real estate investing. Leveraging her architectural technology background, Natalie Cloutier explains how she scaled a portfolio of high-quality, dense, small multi-family new builds starting with zero capital. The conversation details the practical aspects of her business, including maximizing bedrooms for higher rents and managing significant development risks, such as unexpected municipal fees. Ultimately, the discussion highlights how strategic building and densification offer a superior, capital-recycling approach compared to buying older rental stock.   This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 9.25%.  Buy