Airbnb Business Strategy for 2019 with Eric D. Moeller | 566
Epic Real Estate Investing
Matt Theriault
4.7 • 955 Ratings
🗓️ 14 January 2019
⏱️ 51 minutes
🧾️ Download transcript
Summary
Today, our guest Eric Moeller, experienced real estate investor, shares his Airbnb business strategy for 2019! Eric takes us through what type of properties to look for, how to find them, how to leverage OPPs, and how to make technology work for you when it comes to short-term rentals. Tune in!
Transcript
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| 0:00.0 | From coast to coast, epic investors are doing the most. It's time for another epic field report. |
| 0:08.0 | All right, so I'm on the phone with Epic Pro Academy member, Miss Anita Hearth. Welcome to the show, Anita. |
| 0:14.0 | Thank you for having me, Matt. |
| 0:15.6 | You bet. |
| 0:16.0 | I just want to talk to you really quickly |
| 0:17.1 | about the deal that you had posted |
| 0:18.4 | and follow through Friday inside of our Facebook group. |
| 0:21.2 | And I'll go ahead and read it, and then I got some questions about it. |
| 0:24.4 | So it says less than two years ago you purchased a fourplex for 350,000 with investors. |
| 0:29.4 | You put 90,000 dollars down and has been an amazing performer and we have been able to raise rents by well over 50 percent |
| 0:34.8 | I approached our bank about the possibility of doing a cash out refinance and they agreed to give us a second mortgage of 95,000 |
| 0:42.3 | we close on the second mortgage even with a second mortgage of $95,000. |
| 0:42.8 | We close on a second mortgage. |
| 0:44.0 | Even with the second mortgage, |
| 0:45.0 | we are still cash flowing very well with this property. |
| 0:47.4 | I never put a dime into this property. |
| 0:48.8 | I had a deal with my investors where they loan me half |
| 0:50.9 | of the down payment and we own it 50-50. Now we have |
| 0:53.6 | infinite returns for both me and my investors. Sounds fantastic so |
| 0:58.0 | congrats. Thank you. You bet. So you've had this for less than two years. |
| 1:02.3 | How did you originally find the deal? |
| 1:04.3 | It was on the MLS, believe it or not. Okay. That seems to be a trend right now so that you can find |
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