How to Build Lifestyle & Financial Freedom Investing In Vacation Homes with Shawn Moore
Entrepreneurs on Fire
John Lee Dumas
4.8 • 4.1K Ratings
🗓️ 24 October 2022
⏱️ 24 minutes
🧾️ Download transcript
Summary
Shawn Moore is the Founder & CEO of Vodyssey The World's #1 Vacation Rental Investing Education Company Obsessed With Helping Our Clients Build Lifestyle & Financial Freedom Investing In Vacation Homes.
Top 3 Value Bombs:
1. Don't limit what you think is possible before you look into it.
2. Saturated markets mean that there's a lot of demands. Your job is to figure out how you're going to get your unfair share of business and stand out in the marketplace. You can't do it by doing what everybody else is doing.
3. You need 3 things for your first short-term rental investment: Downpayment around 10-25% of your acquisition cost, Furnishing around 8-10% of acquisition cost, and 6-9 months of property expenses until you start to hit the ground running.
Visit Vodyssey and access free trainings and a lot of free resources where you can dive in to see if short-term rentals would be a good fit for you - Vodyssey
Sponsors:
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Transcript
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| 0:00.0 | Who's ready to rock today Fire Nation JLD here and welcome to entrepreneurs on fire |
| 0:07.6 | brought to you by the HubSpot podcast network with great shows like Gold Digger. |
| 0:12.4 | Today we'll be breaking down how to build lifestyle and financial freedom investing in vacation |
| 0:17.8 | homes. |
| 0:18.8 | To drop these value bombs I brought Sean Moore and the EO Fire Studios. |
| 0:22.7 | Sean is the founder and CEO of Vodacy the world's number one vacation rental investing |
| 0:27.6 | education company obsessed with helping clients build lifestyle and financial freedom investing |
| 0:32.6 | in vacation homes and Fire Nation we're going to talk about how realistic it actually is |
| 0:37.8 | to build passive income investing in vacation homes. |
| 0:41.4 | We'll talk about standing out on Airbnb. |
| 0:43.4 | We'll talk about inflation how that affects real estate investing. |
| 0:46.8 | We'll talk locations, dollars, timing and so much more when we get back from thinking |
| 0:51.8 | our sponsors. |
| 0:54.4 | One boss hosted by Emily Thompson is brought to you by the HubSpot podcast network and |
| 0:58.3 | is an exploration of what it means and what it takes to be boss as a creative business |
| 1:03.1 | owner. |
| 1:04.1 | One recent episode on the five tips for better work life balance is a must listen, listen |
| 1:08.0 | to being boss wherever you get your podcasts. |
| 1:12.8 | Sean say what's up to Fire Nation and share something that you believe about becoming successful |
| 1:19.5 | that most people disagree with. |
| 1:22.0 | All right, John, thanks for having me on and what's up Fire Nation. |
| 1:25.9 | Appreciate you all spending your time with us today and how valuable it is. |
... |
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