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Brian Davila Show - Real Estate Investing, Building Wealth, Faith Based

Short-Term Rentals Lead To Long-Term Wealth

Brian Davila Show - Real Estate Investing, Building Wealth, Faith Based

Wealthy Investor - Real Estate Investing, Real estate, Build Wealth, Faith Based

Flipping Houses, Wholesaling Real Estate, Business, Investing, Rental Property, Real Estate, Real Estate Investing

2.5884 Ratings

🗓️ 22 June 2023

⏱️ 12 minutes

🧾️ Download transcript

Summary

You can use short term rental cashflow to invest in long-term wealth strategies... We want to coach you at Wealthy Investor! For a free consultation, go to https://wealthyway.co/jmi ______________________________________________________ Looking to grow in your faith and business? Join the premiere community for Christian entrepreneurs and business people. Develop your leadership, discipleship, and your faith at https://wealthyway.co/dyy Are you an entrepreneur who wants to build their pers...

Transcript

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0:00.0

Avery Carl, how are you?

0:02.0

Pretty good, how are you?

0:03.0

Really excited to have you on the podcast.

0:05.0

So you are a entrepreneur, Airbnb specialist, like, what do you do?

0:12.8

Yeah, a lot of things, a lot of things.

0:15.2

So I'm an investor first, so I've got a portfolio of about 250 doors

0:19.8

for about 30 million.

0:21.3

And I was able to get from zero to 250 over the course of

0:25.8

about five and a half years because I strategically invested in short-term

0:29.9

rentals first so a lot of like short-term rental influencers etc.

0:34.5

Or like short-term rentals that's it that's all that's all we do.

0:37.3

So I do everything I've got eight of my doors are short terms and the rest are

0:41.3

traditional like multifamily long terms of

0:43.8

single family and duplex buy and hold long term so my strategy was and is to

0:49.6

use that cash flow for generated by-term rentals to go scale my portfolio in other ways.

0:55.8

So I was able to do that much more quickly by investing in short-term rentals towards the beginning of my building my portfolio.

1:02.1

Yeah. Then if I started with traditional long terms. I also have the

1:05.0

short-term shop which is the country's biggest maybe only but at least biggest

1:09.2

short-term rental specific real estate team it's it's like a brokerage within a

1:14.2

brokerage under eXP I have to say that or else I get trouble with them. But so we

1:19.0

focus exclusively on short term rentals we have offices in 15 markets that are all you know short-term

1:24.0

rental specific markets with good regulations and things like that I wrote a

...

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