Real Estate Investing | Short Term Rentals and Airbnb with Michael Elefante - 506
Build Your Tribe | Grow Your Business with Social Media
Brock Johnson
4.9 • 2.7K Ratings
🗓️ 12 August 2021
⏱️ 32 minutes
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| 0:00.0 | Hey what's up and welcome to today's episode of Build Your Tribe. |
| 0:06.5 | Recently I was scrolling through TikTok and the algorithms were working their magic and they brought me to this video of this guy that was explaining how him and his wife made like $70,000 in one month, pretty much almost 100% passively from real estate investments. |
| 0:25.8 | And when I heard this I was like that's really cool, that's awesome, that's a lot of money, but real estate investing, there's no way I'm anywhere near that. |
| 0:33.4 | I mean I'm 24 years old, I don't even own my own home to live in. |
| 0:36.8 | But you know that's cool, that's awesome for him, maybe that's something that I'll get into one day. |
| 0:40.9 | I know that recently I listened to episode 500 of Build Your Tribe where my parents talked about real estate investments as a stream of income that they have and I was like cool. |
| 0:50.9 | Maybe one day when I'm in my late 30s, when I'm in my 40s like that's a route that I could go down. |
| 0:56.6 | But this video popped up on my TikTok for you page and it kind of sparked my interest. |
| 1:02.2 | So I was like alright let's see what else this guy has, let's learn a little bit more about him. |
| 1:06.0 | His name was Michael Alofante and he posts TikToks and YouTube videos mostly primarily around this idea of investing in real estate. |
| 1:16.3 | But his specific niche isn't commercial real estate or even rental properties, but short term rental properties and really even specifically within that niche. |
| 1:26.7 | His expertise is an Airbnb rental properties. |
| 1:31.0 | Now if you have no idea what Airbnb is, Airbnb short for air bed and breakfast is basically an app where you can rent out your home, |
| 1:41.1 | a portion of your home, your guest home, you can basically rent out your space for people to come stay in. |
| 1:47.4 | I can tell you that myself personally, I almost exclusively stay in Airbnb's. |
| 1:53.0 | I think of the last maybe 15 trips I've gone on, 14 of them I've stayed in an Airbnb and one time I stayed in a hotel. |
| 2:02.0 | Airbnb is really increasing in its popularity and this is in no way an advertisement for Airbnb. |
| 2:08.0 | But I think a lot of people recognize that for just about the same or maybe even a little bit less of a price, |
| 2:14.2 | you can actually get a lot more with Airbnb. You get access to usually like a full kitchen, a living room, private parking spaces, |
| 2:21.2 | backyards, you know the whole gambit. If you're familiar with Airbnb, you know what I'm talking about. |
| 2:26.1 | If you have no idea what Airbnb is, look it up because it's the thing of the future. |
| 2:30.8 | It's the same ideas like Uber where you don't have to have a taxi company and own 40 different vehicles. |
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