Alright – so today we’ve got the honor of introducing you to Eddie Serralles. We think you’ll enjoy our conversation, we’ve shared it below.
Eddie, appreciate you joining us today. What’s been one of the most interesting investments you’ve made – and did you win or lose? (Note, these responses are only intended as entertainment and shouldn’t be construed as investment advice)
One of my most rewarding investments in recent years was the Gateway to the Breaks Motel in Breaks, Virginia. The unique and exciting aspect of this investment was that I made it “sight-unseen”.
The story behind this purchase adds an interesting twist to the tale. On the very day I gained access to my Virginia MLS login, I stumbled upon this gem. What’s even more surprising is that the property had just been listed that very day. It was one of those serendipitous moments when the stars seemed to align.
This motel, featuring 32 rooms, was situated amidst the breathtaking natural beauty of Breaks, Virginia. With awe-inspiring mountains, lush forests, meandering creeks, and more, it was a truly enchanting location. Even more enticing was the price tag – a mere $350,000.
The motel’s unique charm didn’t end there. It stood on a one-acre piece of the Breaks Interstate Park, often referred to as the “Grand Canyon of the South.” To add to its allure, it was the only lodging option in the area, aside from the park itself.
I was still in my pajamas when, on a whim, I submitted an offer of $300,000. Later that day, the contract was signed and returned. Little did I know that this impulsive decision would set in motion a remarkable journey.
Two years down the line, after approximately $100,000 in renovations and savvy marketing, the motel consistently generates over $50,000 per month. Trusting my instincts and taking a leap of faith, I became the proud owner of a successful motel in Virginia, all without having seen it in person until much later. This story serves as a reminder that sometimes, the best opportunities are the ones you don’t see coming.
Eddie, love having you share your insights with us. Before we ask you more questions, maybe you can take a moment to introduce yourself to our readers who might have missed our earlier conversations?
I’m Eddie Serralles, a real estate developer, investor, real estate broker, mortgage broker, class A contactor, and licensed real estate instructor based in Tampa, FL. I’m the founder and CEO of The Serralles Group, a real estate investment firm focused on emerging markets. My track record includes successful projects in Tampa Heights and Ybor City, where I’ve revitalized neighborhoods through residential and commercial developments.
Now, I’m expanding into new markets, such as Virginia, North Carolina, and Tennessee, with a strong vision for growth and development. My approach prioritizes quality, attention to detail, and community-focused projects. I’m known for working closely with my team and local stakeholders to meet community needs while delivering strong investor returns.
My core values include integrity, innovation, and community impact. As I grow The Serralles Group and The Serralles Training Group, I remain dedicated to excellence and making a positive difference in real estate.
How’d you build such a strong reputation within your market?
What really helped me build my reputation within the market was the success of my projects in Tampa Heights and Ybor City. The revitalization and transformation of these neighborhoods through various residential and commercial developments showcased my commitment to creating vibrant, thriving communities.
Additionally, our focus on homeowner assistance and community support initiatives played a significant role. We’ve actively engaged with local residents and stakeholders to ensure our projects not only meet market demands but also contribute positively to the community. This hands-on approach, alongside our commitment to quality and sustainability, has fostered trust and confidence in our work.
Our dedication to community well-being has been pivotal in building a reputation that stands on integrity, innovation, and positive impact. These core values have not only shaped our projects but have also set the foundation for our continued success and expansion into new markets.
Are there any books, videos, essays or other resources that have significantly impacted your management and entrepreneurial thinking and philosophy?
Youtube!! YouTube has been a game-changer for me in shaping my management and entrepreneurial thinking. Real estate creators and investors offer valuable insights into markets and strategies, while mindset speakers provide motivation and personal development tips. It’s become an essential resource, helping me stay innovative and driven in the real estate industry.
Contact Info:
- Website: www.SerrallesGroup.com, www.SerrallesTrainingGroup.com, www.TampaHeightsMortgage.com
- Instagram: https://www.instagram.com/serrallesgroupinc/
- Facebook: https://www.facebook.com/serrallesgroup
- Linkedin: https://www.linkedin.com/company/serralles-group-inc
- Youtube: https://www.youtube.com/channel/UCFRvHHhUCDHVI9HddHzkbMw
Image Credits
Image Credit to Serralles Group, Inc.