370: Making $140K/Year & Retiring His Wife in 18 Months with “Rental Arbitrage” w/Keron Bryce

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 21 February 2024

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

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Summary

Airbnb arbitrage is a real estate investing strategy that provides a low-cost, low-risk entry point for new investors. While you don’t get the appreciation or tax benefits of property ownership, arbitrage can deliver cash flow in spades! Welcome back to the Real Estate Rookie podcast! Like many investors, Keron Bryce started house hacking to help cover his mortgage. Once he discovered the potential of short-term rentals, however, he converted his unit into an Airbnb and doubled his cash flow right off the bat. But Keron still aspired to grow his business. So, without a ton of money for down payments, he decided to try his hand at arbitrage—a strategy that helped him rake in $140,000 of pure profit last year and allowed his wife to leave her nine-to-five! Need an easy alternative to owning rentals? Arbitrage is not only a great way to test the waters before buying properties, but it’s also a profitable strategy in its own right! In this episode, you’ll learn about the pros and cons of arbitrage, the systems and processes you’ll need to automate your business, and the best way to find new units! In This Episode We Cover: How to get cash flow from real estate without owning rental properties The strategy Keron uses to get a 100% cash-on-cash return The pros and cons of the rental arbitrage model System and processes you NEED to scale your business How to convince a landlord to allow rental arbitrage Leveraging your network to acquire MORE units And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Submit Your Real Estate Rookie Question! Apply to Be a Guest on the “Real Estate Rookie” Podcast Airbnb Rental Arbitrage: How to Make Money Without Owning Property Building a 150-Unit “Lease Arbitrage” Empire and the STR Furnishing Playbook Tools to Analyze Short-Term Rentals: BiggerPockets Airbnb & Short-Term Rental Calculator AirDNA Rabbu Connect with Keron: Keron's BiggerPockets Profile Keron's Facebook Keron's Instagram: @keronbrycerei Keron's Website Check the full show notes here: https://www.biggerpockets.com/blog/rookie-370 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is a real estate rookie show 370.
0:04.0	Now over the last year you've probably heard about traditional short-term rental investing
0:08.0	and this funny phrase called short-term rental arbitrage.
0:11.0	Both these strategies are better known as traditional
0:13.4	Airbnb investing or Airbnb arbitrage. And arbitrage is where you're renting a
0:18.2	property from another property owner and you make the difference between the
0:22.2	rent charge and the income brought in.
0:24.0	Guys, I'm telling you today I'm rocking my first solo episode and I want to welcome you to the
0:28.4	Real Estate Rookie podcast where every week, three times a week we bring you the
0:32.3	inspiration, motivation, and stories you need to hear
0:35.6	to kick out your investing journey. Now, Ricky, there are pros and cons to every investing strategy,
0:40.3	but it's better to know what those are ahead of time before putting your hard-earned money to work and that's what we're going to be talking about today
0:47.8	Now I'm speaking with the Ricky investor who has done both these strategies right the arbitrage and the traditional ownership,
0:53.6	and we're going to hear what he would have done differently
0:56.3	if he were to start all over again in 2024.
0:59.6	Keyron, brother, welcome to the show, man.
1:01.4	Super excited to dive in with you today man.
1:03.0	Great, thanks for having me Tony.
1:04.4	So we actually go back a little bit right I met you with one of our events back in
1:08.2	in 2022 and I think at that time you were just getting started by this
1:11.5	so it feels like a really
1:12.6	full circle moment here to have this conversation with you so I'm really
	...

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