37: New Co-host Tony J Robinson: Scaling with Short-Term Rentals

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 11 November 2020

⏱️ 60 minutes

🔗️ Recording | iTunes | RSS

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Summary

Big news: previous guest Tony J Robinson is back... he's now your new co-host alongside Ashley. Today, you'll get reacquainted with Tony and learn how he rapidly expanded his portfolio this year. In fact, he went from owner of 2 houses when he appeared on the show in March... to closing on his 7th property (!) next month. ...How tho? Tony spells it out today: from finding new financing options in Louisiana (he lives in Southern California), to breaking into the short-term rental game in the Great Smoky Mountains of Tennessee and Joshua Tree, CA. Plus: a next-level tip we haven't heard before: using a line of credit against your stock portfolio (rather than a property) to free up short-term cash. We're excited to have Tony on board; get to know him in this episode, and we'll see you next week! In This Episode We Cover: Investing in short-term rentals in 2 locations 2,000 miles apart Using 10% down vacation home loans to buy Airbnb's Self-managing Airbnb's using automation and pricing software Why short-term rentals fit Tony's personality and skill set Getting his fiancé involved in his real estate investing business Borrowing money against a stock portfolio Taking the leap to buy a property "sight unseen" His plan to buy a short-term rental every 3 months And SO much more! Links from the Show Real Estate Rookie Facebook Group Ashley's Instagram Rookie Podcast 10: 2 Long-Distance Rentals with $0 Down with Tony Robinson BiggerPockets Podcast 364: Snowballing 6-Figure Short-Term Rental Profits Into Passive Investments with Avery Carl Airbnb App PriceLabs Smartbnb HorseflyRealty David Greene's BiggerPockets Profile Rookie Podcast 34: School Teacher Making $72,000 a Year in Cashflow with Amy Barber Nerds Guide to FI Rookie Podcast 23: From Dave Ramsey Disciple to No-Money-Down Real Estate Investor with Sarah Brandenberger Ryan Dossey's Instagram Check the full show notes here: http://biggerpockets.com/rookie37 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is real estate rookie show number 37.
0:04.0	I bought four properties in that town that I started investing in but I'm probably not going to buy there anymore because my strategy's changed a little bit, right?
0:14.0	So just because you start somewhere doesn't mean you need to be there forever.
0:17.0	So pick somewhere, don't ever think and just get started. My name is Ashley Care and I am here today to introduce you to a very new co-host we have on the real estate rookie podcast. We are all very sad to
0:36.2	see Felipe go but I am so excited to introduce you to Tony Robinson.
0:41.6	Hi Tony, thank you for joining us.
0:44.0	What's up Ashley?
0:45.2	This is like super surreal for me right now.
0:48.7	It's like a kid in a candy shop or kid on Christmas Eve
0:51.4	whatever you want to call it.
0:52.4	It feels so good to be here.
0:54.1	Yeah, I can definitely relate to that
0:56.2	when I first started on the podcast.
0:59.2	What was that initial feeling like when
1:01.0	you found out you were gonna be the new co-host.
1:03.0	Almost a disbelief, right?
1:05.0	Like I feel like it's still sinking in a little bit.
1:07.4	You know, I feel like every new real estate investor, like they think of bigger pockets
1:11.6	it's like the pinnacle of real estate
1:13.7	education so to now be a part of this team and help other folks get started it's it's
1:17.7	such a cool feeling. Yeah so I've gotten to know Tony a little bit and he was also
1:21.4	a guest on episode number 10 where we
	...

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