Alex Cartwright, Founder and Managing Partner of HotelSHIFT, discusses a current hotel property that he is working to convert into affordable multifamily housing. Summary Nate Hedrick and David Bright talk with Alex Cartwright, PhD, Founder and Managing Partner of HotelSHIFT, a real estate investing firm that specializes in converting hotels into affordable multifamily housing. Alex, David and Nate discuss details about a hotel conversion property they are working on together in Houston, Texas. Alex breaks down the project and his strategies for transforming struggling hotels into successful multifamily complexes. He gives tips on how to look for deals and mitigate risk. Alex also explains the benefits of economies of scale, syndication, and working with a team on large-scale real estate investments. Listen to learn more about why Alex plans to keep investing in the niche market of hotel conversion. About Today's Guest Alex Cartwright, PhD is the Founder and Managing Partner of HotelSHIFT, a real estate investing firm that specializes in converting hotels into affordable multifamily housing. Alex conducts macroeconomic analysis on target markets and conducts the underwriting for HotelSHIFT offerings. He is an experienced multifamily investor and has served as lead GP on multiple syndications. Alex has worked as a consultant with one of the biggest mobile homeowners in the country.  Alex is the Chair of the Management Department and Associate Professor of Economics in the College of Business at Ferris State University where he teaches classes on Managerial Economics, Economic Growth, and International Business. His Economics research has been published in several scholarly outlets, including The Cambridge Journal of Economics. Alex is an affiliated scholar with multiple Think-Tanks and has served as an Economic advisor to congressional candidates in Peru. Alex received a B.S. in Mathematical Economics from Hampden-Sydney College where he graduated Phi-Beta-Kappa, Summa Cum Laude and first in his major. He earned an M.A. and PhD in Economics from George Mason University where he was the F.A. Hayek Fellow in the program for advanced study of Philosophy, Politics, and Economics at George Mason University’s Mercatus Center. Mentioned on the Show YFP Real Estate Investing 102: Navigating Today’s Market with Economist Alex Cartwright, PhD YFP Real Estate Investing 120: Deep Dive: Converting to Highest and Best Use  HotelShift Alex Cartwright on LinkedIn Subscribe to the YFP Newsletter YFP Disclaimer Your Financial Pharmacist YFP Real Estate Investing Facebook Group Nate Hedrick on Instagram David Bright on Instagram YFP Real Estate Investing Website David Bright on LinkedIn Nate Hedrick on LinkedIn