The 5 Steps to Making Short-Term Rental Millions (Part 1)

  Рет қаралды 103,296

BiggerPockets

BiggerPockets

Күн бұрын

Пікірлер: 95
@SCRT
@SCRT 2 жыл бұрын
Literally to the 1‍‍‍% whos reading this, God bless you, and may your dreams come true, stay safe and have a wonderful day.‍ ‍‍‍‍💕
@biggestsmalls5986
@biggestsmalls5986 2 жыл бұрын
I subbed cuz u seem cool
@andrewpeterkin4669
@andrewpeterkin4669 2 жыл бұрын
Got you 🤙
@jjohnson2912
@jjohnson2912 2 жыл бұрын
And back at you!
@meoshiabrooks4139
@meoshiabrooks4139 Жыл бұрын
Thank you! I wish the same for you ❤
@michael1084
@michael1084 Жыл бұрын
Suck it
@davidt3148
@davidt3148 2 жыл бұрын
Thanks for this video, Rob and David! Super excited for the rest of the series. One question - how do you think the increase in interest for second home loans in April will affect the market? Will less people be buying second homes? Will it ruin the returns on most properties? Will we see more properties on the market? Thanks!
@hugoperalta5362
@hugoperalta5362 2 жыл бұрын
Robuilt + BiggerPockets?? Is this some multiverse crossover we have here? Damnnnn this is quality content👏🏻👏🏻
@cynthiamcfarland284
@cynthiamcfarland284 2 жыл бұрын
Rob and David are bringing it! Thank you for sharing in this podcast
@TheHospitalityEdge
@TheHospitalityEdge Ай бұрын
It sounds like this episode will be packed with valuable insights for anyone diving into short-term rental investing! Rob, your expertise in identifying the right markets and crafting effective strategies with David Greene is truly inspiring. I'm eager to hear your advice on building a successful portfolio and achieving financial independence through short-term rentals. Looking forward to it!
@rmederos6881
@rmederos6881 2 жыл бұрын
Awesome video guys. I really needed to hear this. 33:30 I'm trying to buy our first STR in Blue Ridge. It's been stressful to say the least. Thanks again for the content.
@RobertHasty
@RobertHasty 2 жыл бұрын
Did you ever buy it and how's it doing? Love that area.
@bdaysex
@bdaysex 2 жыл бұрын
Thank you for the very informative video!! How do you research the short term rental laws in the town that you're interested in? I am finding the process confusing and not clear cut information online.
@Andradi303
@Andradi303 2 жыл бұрын
David and Rob, thanks for sharing your knowledge! David, your quote and thought about “having a relationship with real estate” was a great nugget. Rob, very cool seeing you now co-hosting BP. Congrats! Great content guys!
@chibsryder
@chibsryder 2 жыл бұрын
This was really awesome. Question: I am in Canada looking at REALLY EXPENSIVE markets that I can buy a primary residence property in. The Airbnb nightly rates I see for other properties in the area will not carry all of my expenses. Should I move on or am I doing the wrong type of analysis?
@davidnovak5283
@davidnovak5283 2 жыл бұрын
Move on
@jillyanmacmorris5176
@jillyanmacmorris5176 2 жыл бұрын
You two are the funniest; and this is SUCH a timely, concrete video for me. Thank you both!
@conner_parks
@conner_parks 2 жыл бұрын
Love this duo. Rob is great!
@djo6055
@djo6055 2 жыл бұрын
I am going to need to take Bigger Pockets classes-so confusing between F. Peace U, Lifestyle Unlimited, Bigger P., etc...Anyway, my plan is to find land with a duplex or home on it and create affordable senior housing. Seniors are getting CRUSHED by the active senior communities, which charge upwards of 3000 and raise rent 5% or more after they are already in, and bonded with new friends. It's rough for them when they are on fixed incomes. I'd like to do a space where each has a tiny home, a little fencesd area, and allow pets. Any suggestions on grants?
@mariachristoffersson9052
@mariachristoffersson9052 2 жыл бұрын
Hi David and Rob, I’m so happy you guys found each other, looking forwards to continue listening to your show!!! I have an question I hope you could bring up on your show. INSURANCE!!!! Long term insurance no problems! But when it comes to short term, what do short term rental owner do. I’ve been looking for a month now! Tried so much, is it super expensive to insure ST? I have only found one so far and the quote I got was $7500/year. Is that normal? It double the owner occupied, 3 times long term rental. What What, please help me. 🙏🏻
@richardjabour1530
@richardjabour1530 2 жыл бұрын
There is a policy the vacation renter buys for $35 dollars that covers damages caused by them.
@YELLzeyLauren
@YELLzeyLauren 2 жыл бұрын
I have insurance through Foremost insurance for both of my STRs
@sauban17
@sauban17 Жыл бұрын
Informative way to start thinking about investment properties, looking forward to part 2!
@DillonBeachSeaEsta
@DillonBeachSeaEsta 4 ай бұрын
You guys are awesome, thanks for sharing your experience and insights.
@deborahbrancheau1373
@deborahbrancheau1373 2 жыл бұрын
Rob is the GREATEST EVER IN THE WORLD!!!!!!!!
@cameronwalker6814
@cameronwalker6814 2 жыл бұрын
Love this. I just bought my first house-hack and have booked 58% of my mortgage for the year in just 33 days! **thanks robuilt for the inspo** I want to scale and get into another property, but concerned i wont be able to secure financing considering my W2 income and how large and recent this mortgage is. Any advice on what kind of loan I should look for?
@anjelicavasquez239
@anjelicavasquez239 2 жыл бұрын
List the bookings from your first property as income
@michaelscoots
@michaelscoots 2 жыл бұрын
Hard money loan and BRRR method.
@TheForexApostle
@TheForexApostle 2 жыл бұрын
Wow, amazing video, I hope this will reach to a lot of viewers.
@deborahbrancheau1373
@deborahbrancheau1373 2 жыл бұрын
How do you feel about buying land with seller-financing if you want to do glamping?
@pitherra
@pitherra 2 жыл бұрын
I just bought one with seller finance in Oklahoma. As long the there's no restrictions.
@thorpower1015
@thorpower1015 2 жыл бұрын
Cool grunt style tshirt and thanks for the vid
@borisniazov5311
@borisniazov5311 2 жыл бұрын
Hello there i am a little bit confused i would like to rent two houses in City of Denver but they only allowed to rent your primary residence how do i go around it ?
@lilc.s.248
@lilc.s.248 2 жыл бұрын
San Diego has a new ordinance for STR’s beginning Jan 1st 2023. Only 1% of all properties can be STR’s except the Mission Beach area. And for the 1% those people have to enter a lotto. Unless it’s their personal home. This kills a lot of AirBnB in San Diego.
@bryanfahey3144
@bryanfahey3144 2 жыл бұрын
So from a scaling perspective - I understand the importance of getting good appreciation and then using that as a way to invest in a few properties. Do you think it makes more sense to sell those high appreciating properties or to take a heloc out against it and reinvest? Great content guys!
@scorp2b
@scorp2b 2 жыл бұрын
I'm in a similar situation, young and growing with a couple rentals under my belt but looking to scale. From what I understand, there's not a right or wrong answer. It's dependant on your portfolio and what suits you best. Some things I'm looking at to help my decision are; 1. Appreciation of houses I own - does the market have potential for appreciation to keep increasing or is the market somewhat capped for location and geographical reasons? 2. What my next investment is gonna be - am I gonna be able to see a return quickly if I do take out a heloc? Or if the return is slow am I gonna be stuck paying back the heloc for longer than I want to be, ultimately slowing me down? 3. Does it make more sense to take a heloc or use a 1031 exchange to fund my next property? - both have their pros and cons. If I think my market appreciation is limited, and I find a deal in an area where the market appreciation could be higher, I might consider the 1031 exchange route. But, if my market has high upside appreciation potential and I find a deal I can start off with a quick and solid return, I might look at getting a heloc. I also recommend going to a lender and finding what you can get on a heloc. The more ready you are for each decision, the easier it will be when it comes time to make the decision of what's best for you. Hope this helps!
@yakdao
@yakdao 2 жыл бұрын
Scaling is our 🍞 and 🧈
@glenn7721
@glenn7721 Жыл бұрын
I now have my credentials for running a STR management company. Now how do I find clients willing to hire me to manage their property? I have told a few people that I know and they said they would let other know but the word isn't getting to the right ears.
@bennysharoni8313
@bennysharoni8313 Жыл бұрын
thanks so much for great content!
@martapredko9420
@martapredko9420 2 жыл бұрын
How to decide if you want to do airbnb or corporate rental? How to start in corporate rentals?
@lalo5648
@lalo5648 2 жыл бұрын
New to this channel, so is air b an b easie to run then actually having tenants and is it more profitable ? Do u have a video on this , I want to purchase a second property to rent 🔥content
@swatson5121
@swatson5121 2 жыл бұрын
One of my favorite podcasts from BP so far! You guys give such practical, step by step advice that really helps us newbies. We're currently putting together our 3rd STR, but I've already got my eyes on where to buy the next one. Listening to this wealth of information from you two experts is exactly what I need to steer me in the best direction! Keep it going, David and Rob!
@taylordoucet7688
@taylordoucet7688 2 жыл бұрын
Great video, I would love to get on the next str video. I was able to grow my str business to 890 units in 2 years
@jillyanmacmorris5176
@jillyanmacmorris5176 2 жыл бұрын
Let go round two!!
@alexisgainzz
@alexisgainzz 2 жыл бұрын
Loved the episode!!!!
@gjmbarusha6999
@gjmbarusha6999 2 жыл бұрын
Good to finally see you on here brother.
@albertcua8571
@albertcua8571 2 жыл бұрын
Loved this episode!
@TheDonutman44
@TheDonutman44 2 жыл бұрын
Thx for the great info and advice!
@charlesmeng2683
@charlesmeng2683 2 жыл бұрын
Very helpful!
@amyfrostcreative6636
@amyfrostcreative6636 2 жыл бұрын
Great show!
@daytonmiller-investingenth7675
@daytonmiller-investingenth7675 2 жыл бұрын
What is a good cash on cash return??
@edwinmachado7964
@edwinmachado7964 2 жыл бұрын
This is awesome
@ashdb4157
@ashdb4157 2 жыл бұрын
Great episodes, your guys are great team.
@albertcua8571
@albertcua8571 2 жыл бұрын
Can’t wait for part 2!
@leonaking1865
@leonaking1865 Жыл бұрын
How do we find contractors who are honest in/out of state?
@dhowto3005
@dhowto3005 2 жыл бұрын
Looking forward to the next episodes
@eray9934
@eray9934 2 жыл бұрын
I heard that the 3rd category of people opting for a short term rental are those traveling for business, but how many business travelers actually get a Airbnb? I picture most of those staying in hotels. I live in St Louis which is not a tourist destination but I just can’t imagine the market for Airbnb would be very large…
@beyondhomosapien
@beyondhomosapien 2 жыл бұрын
Rob is the man
@Carswithxavier
@Carswithxavier 4 ай бұрын
Well said, delayed gratification
@albertcua8571
@albertcua8571 2 жыл бұрын
Do Temecula, california a good area. Wine country!
@angelayan8712
@angelayan8712 2 жыл бұрын
I was just in Julian for a month in an air bnb. I so want to have a place there and it will blow the one i was in away.
@MikeHawk143
@MikeHawk143 Жыл бұрын
Wow this did not age well... Where is the "surge" of people booking airbnbs. This the worst 6 mo I had had in booking since I started in 2011.
@TheBassGuy
@TheBassGuy 2 жыл бұрын
Really hope bigger pockets allows Rob to take Brandon’s place on the podcast
@kevincauto8080
@kevincauto8080 2 жыл бұрын
I hope not. He's too goofy and inexperienced in my opinion.
@davidgiles2426
@davidgiles2426 2 жыл бұрын
I nominate this guy as the new co host.
@deborahbrancheau1373
@deborahbrancheau1373 2 жыл бұрын
He is the permanent cohost? Because I will finally subscribe to my first podcast of all time if that's the case!
@hunterdelaolla5183
@hunterdelaolla5183 2 жыл бұрын
Speaking of short term rentals, can anyone help me out in the Sacramento, Yuba City, Lincoln Area???
@BiggCope
@BiggCope 2 жыл бұрын
Making a note for Task Grab 21:08
@nicholasvarro7382
@nicholasvarro7382 2 жыл бұрын
I refuse to sell because of the paperwork/time burn head aches
@karmarules4567
@karmarules4567 2 жыл бұрын
Love this series.... Rob is awesome!
@BJNeyer
@BJNeyer 2 жыл бұрын
Fantastic replacement for Brandon Turner. Rob is very animated, just like Brandon.
@robkishi4219
@robkishi4219 2 жыл бұрын
Jordan Peterson 12 Rules for Life!
@padronianful
@padronianful 2 жыл бұрын
What's up with all these bots in the comments section BP?
@cd5139
@cd5139 2 жыл бұрын
Jordan Peterson? Cringe
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