Buying Vacation Rentals, Staying For Free & Selling For A Big Profit With Jacki Tate (Ep 468)
Rental Income Podcast With Dan Lane
Rental Income Podcast
4.8 • 836 Ratings
🗓️ 7 May 2024
⏱️ 29 minutes
🧾️ Download transcript
Summary
After a few years, she's ready to go somewhere new. She'll sell the property for a profit, and use the equity she created to buy the next one.
On this episode, we talk about how many times she's done this strategy, what the perfect property looks like, and we look at the numbers for a recent deal.
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https://rentalincomepodcast.com/episode468
Transcript
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| 0:00.0 | inspiring interviews with today's top landlords this is the rental income podcast and now dan lane i would say |
| 0:10.3 | that the majority of people that we have on the podcast when they buy a property they're thinking really |
| 0:15.5 | long term they're buying a property and they either plan to hold it forever or maybe if it appreciates |
| 0:21.9 | enough, maybe they'll sell it and use that money to trade up to a better property. |
| 0:27.9 | But Jackie, I wanted to bring you on the show today because you've got a very different |
| 0:33.4 | strategy with your rentals. Tell me what you're doing. |
| 0:36.9 | Well, for our short-term rentals, |
| 0:38.7 | basically what we do is we go into marketplaces that we want to experience and we'll use it |
| 0:45.3 | for ourselves, but we buy the house, we fix it up, we get it all set up, we use the short-term |
| 0:50.8 | rental strategy to make some money while we're also enjoying the house. And then we, |
| 0:56.7 | in a couple of years, we'll sell it and realize the equity and move to the next place. |
| 1:01.4 | In other words, Jackie is finding what's almost a second home, a vacation property that she's going to |
| 1:06.7 | use a lot. And then she puts it on Airbnb to cover all the expenses when she's not using it. |
| 1:13.0 | After a couple of years, she'll want to go on vacation somewhere else. She'll sell that property, |
| 1:18.2 | make a nice profit, and then use that money to buy the next property. So on the show today, |
| 1:23.6 | we're going to figure out what she's doing, learn more about this strategy, and we'll take a look |
| 1:28.5 | at one of her deals and figure out how much money she's making. Joining us on the show today from |
| 1:33.8 | Flagstaff, Arizona is Jackie Tate. We'll take a quick break to thank our sponsors. We'll come |
| 1:39.6 | right back and we'll talk to Jackie. When it comes to hiring, the best way to search for a candidate isn't to search at all. |
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| 1:48.1 | Indeed is your matching in hiring platform with over 350 million global monthly visitors, |
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