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Creative Capital

Creative Capital Podcast 358: $1M of Cash Flow With Only 7 Properties with Michael Elefante

Creative Capital

Josh Ferrari

Investing, Business

51.1K Ratings

🗓️ 19 April 2024

⏱️ 63 minutes

🧾️ Download transcript

Summary

This week, Josh is joined by Michael Elefante for an in-depth discussion on STR (Short-Term Rental) investing. Michael shares valuable insights into securing optimal loans for short-term rentals, particularly for individuals without W-2 income. They also explore strategies for identifying sellers open to rental arbitrage, Michael's approach to furnishing properties, the common challenges of short-term rental investing, and a host of other pertinent topics. Tune in for a comprehensive exploration of the intricacies of STR investing.

 

How to connect with Michael:

@Melefante6 on Instagram & TikTok

https://thebnbinvestoracademy.com

 

 

How to connect with Joshua Ferrari:

Ferrari Capital

https://ferraricapital.com/ 

https://www.facebook.com/joshua.ferrari.16/ 

https://www.linkedin.com/in/joshuaferrari/ 

Transcript

Click on a timestamp to play from that location

0:00.0

You're listening to the Creative Capital Podcast. You're dying to learn about how you can create

0:09.6

wealth through real estate investing, then you can come to the right place.

0:13.0

Join in every week as we go over the ends and outs of real estate investing

0:18.0

and learn how you two can become financially free.

0:21.0

I can't find an asset class out there that will allow you to start with little money if you do rental

0:28.3

arbitrage or even co-host for somebody for that matter and just rinse, rinse that cash flow because you can get 100, 300%

0:34.4

ROI if you're doing rental arbitrage. There's no down payment, there's no

0:37.0

closing costs and they just rent so well if you do the right things.

0:44.1

What's going on everybody? This is Josh Ferrari, host of The Creative Capital podcast talking about a topic we've talked

0:52.4

about a handful of times.

0:54.7

Although what is very, very intriguing about today's guest

1:00.5

is that he is able to make over $1 million a year in revenue with only seven properties.

1:13.6

So how do you do that?

1:14.6

How do you make that much money with so few properties?

1:17.0

There's so many people in the business that think you need thousands and thousands of units

1:20.8

to achieve a lot of passive income.

1:24.0

But that's not the case.

1:25.0

Clearly, you can have very few properties

1:28.0

and achieve the same level of success,

1:30.0

if not greater, than owning more assets.

1:33.0

It's really all dependent on the type of asset that you buy, of course how you buy,

1:38.0

and what you actually pay for it, your business plan, business structure,

...

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