968: Making $10,000/Month PER Rental with These Guaranteed Cash Flow “Contracts” w/Noble Crawford

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Investing, Business

4.8 • 16.6K Ratings

🗓️ 10 June 2024

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

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Summary

Want to know how to make millions WITHOUT owning real estate? Rental arbitrage is the strategy for you. And maybe you’ve heard about it before, but we promise you’ve never heard anything like this. Today’s guest is bringing in millions of dollars through “guaranteed” rental arbitrage contracts that last YEARS. You heard that right—guaranteed rent for years, often at the highest price on the market. And you don’t need to own a single rental property to try this strategy. So, how do you get started? If you’re looking to make big money with big deals but don’t have the deep pockets to buy a hundred-unit apartment complex, Noble Crawford has what you need. After choosing his wife’s health over his day job, Noble realized he needed an income stream he could depend on—one that wouldn’t be ripped away from him when life’s challenges arose. He learned about Airbnb investing and, by default, rental/Airbnb arbitrage. When the opportunity came for him to house medical students in need, he jumped at the chance and found a seriously lucrative investing avenue. In today’s episode, Noble will walk through exactly what you can do to start making tens of thousands, if not millions, with rental arbitrage. Plus, he’ll share how to get the deeply-desired government contracts that guarantee you top-of-the-market rent for YEARS. In This Episode We Cover How to use “rental arbitrage” to invest in real estate without owning a single property The lucrative government housing contracts that can make you millions (seriously!) How Noble gets up to $10,000 per month per unit with these lucrative cash flow contracts Crucial first steps to starting your rental arbitrage empire (don’t get these wrong) Exactly where to find and how to get in touch with agencies that are looking for housing And So Much More! (00:00) Intro (01:23) Cash Flow “Contracts” (04:38) $10,000/Month from ONE Rental? (09:23) Leaving His Job (12:20) Moving from Airbnb to Contracts (18:44) How to Compete for Contracts (26:30) How to Get Started (35:01) Connecting with Agencies (36:53) You NEED This Document Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-968 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Henry, is this the coolest interview we've ever done together?
0:04.0	I'm fairly certain this is probably the coolest interview I've ever done.
0:07.8	I usually like to stick to my guns, my bread and butter, but boy, I am definitely looking into this strategy.
0:15.0	And the bar is very high because we get to interview incredible investors with
0:19.3	amazing stories and strategies but I don't think we've ever immediately upon concluding an interview said
0:24.8	that we were going to both try and do this exact strategy together.
0:28.6	Yeah, today blew my mind, so let's go make some money.
0:31.6	Definitely.
0:34.0	Welcome to the BiggerPockets of real estate
0:39.8	podcast, everyone.
0:40.9	I'm Dave Meyer joined today by Henry Washington and today we're talking with
0:45.5	Noble Crawford who has cornered an extremely cool profitable slice of the
0:50.9	midterm rental market.
0:53.0	Noble books long-term contracts with government clients and other types of businesses and agencies.
0:59.0	And today, we're going to break down why direct booking makes sense for so many investors and why it's different
1:06.0	from other platforms like using Airbnb or VRBO. We'll also talk about how you can actually
1:12.0	get started yourself securing long-term contracts for more consistent cash flow and higher profits.
1:18.4	Yeah, I think we've got people on the edge of their seats, so let's jump right in. Noble, welcome to the bigger... the It's our pleasure. So, no, but you work in sort of the hospitality side of the real estate investing world,
1:37.9	short-term rentals, medium-term rentals, and you focus on direct bookings. Can you just start by telling us what that is in the first place?
1:48.0	Yes, absolutely. So direct bookings would be considered B2 B, business to business, right?
1:53.9	And so unlike someone who focuses on B to C, business to consumer, or business to customer,
1:59.7	like an Airbnb host, for example, we typically go after direct business with
	...

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