Short-Term Rentals have been a top topic of conversation in the real estate investment world for quite some time. Are they a good investment? Is the market becoming too saturated? How to you handle increasing regulations? In a recent REL Freedom episode, Tyler Coon got to share his insights into the world of short-term rentals. As an agent in North Carolina running Savvy STR Agents, this is his niche. He offers valuable advice on how to succeed in this thriving market. If you're considering investing in short-term rentals or simply interested in learning more about this lucrative real estate niche, here are some key takeaways and things to consider:
1. Expertise is Key: Tyler emphasizes the importance of working with a market expert to help you identify deals that will give you the best chance for success. Each market is different, and each opportunity within a given market is different. Specializing in short-term rentals, like any other real estate niche, requires...
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Chad Wittfeldt started his entrepreneurial journey at a young age by turning 2 businesses into 6 figure endeavors. He started a landscaping company and electronic arbitrage business, and found success in both. Chad later became a full time investor and real estate entrepreneur in his twenties. He has also investing in cryptocurrency and builds systems and processes to acquire accredited investors. Today, he's partnered on over $30,000,000 in real estate syndications.
In this episode hosted by Mike Swenson, we discussed:
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Kevin Amolsch is a successful real estate investor and private money lender. He originally served in the US Army for 4 years, earned a degree in Finance, and worked as a Mortgage Bond Analyst with Wall Street for 2 years. He founded Pine Financial Group in 2008, has raised $135M in private capital in 4 funds and has helped to close on over 2,400 transactions as a buyer, seller or private money lender. His company is approaching almost $1 Billion in fundings. He's also the author of "The 45 Day Investor", is a frequent speaker, and is host of "Real Estate Educators Podcast".
In this episode hosted by Mike Swenson, we discussed:
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Kyle Stanley was originally a sports broadcaster and decided to get into real estate to be able to control his destiny and live the life he wanted. He now manages around 50 short-term rental properties in the Fresno, CA market through arbitrage and co-hosting strategies. He turned it into a 6-figure business in year 1 and got to 7-figures by year 2. He's also the host of The Fearless Investor Podcast, where he discusses the short-term rental market, generating passive income, and scaling your business. He also recently launched another podcast called The Setup Man, where he dives deep into the lives of current and former Major League Baseball players and coaches.
In this episode hosted by Mike Swenson, we discussed:
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Tyler Coon has always been an entrepreneur. He loves the adventure of building on his own vs working a W2 job. After being a real estate agent serving all clients needs, Tyler saw the opportunity, and loved the idea of niching down into focus on Short Term Rentals. Living in Asheville, North Carolina, Tyler founded Savvy STR Agents, a real estate team focusing on helping investors purchase Short Term Rental properties. He has grown his team to help serve North Carolina, Kentucky, Southern California, Gatlinburg, and Myrtle Beach and is looking to grow to other areas. He currently owns 8 STR properties himself. Hear Tyler share why he loves working in the STR space and how he's helping others build wealth through owning great STR properties.
In this episode hosted by Mike Swenson, we discussed:
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Kristi Winfree is a former teacher that discovered she has a passion for helping people and loves to use her natural gifts of being highly detail oriented and implementing systems and processes. She launched Legacy Transactions to help agents grow their business and provide education to them along the way. Her personal motto is "wake up every day to create Raving Fans and make someone's life better!" She is also the host of "Not Just A Daydream - Business Insights and Inspiration for the Work At Home Entrepreneur"
In this episode hosted by Mike Swenson, we discussed:
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Karim Kerachni has been all over the world. He was in Canada with Algerian parents, grew up in France, and is currently spending a year in Malaysia. Karim is passionate about being an entrepreneur, launching and growing businesses over being just a "business owner". He started a residential and commercial cleaning company called Steamates in Halifax, Nova Scotia. Getting that company up and running afforded him the time to focus on his next journey, doing franchise development in Massachusetts for PropertyGuys.com, the largest private home sale network in North America. Karim shares about his story, how he's able to be successful while being a full 12 time zones away, and how he plans to grow in the future.
In this episode hosted by Mike Swenson, we discussed:
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Many people assume that a news anchor turned real estate agent would have it easy. But what if you couldn't leverage your news personality at all to let anyone know you were even in real estate? Christina Leavenworth found a way to use any free time she got to connect with people outside of her day job as a news reporter and managed to sell 65 homes for $14.8M in volume in her first year in real estate in the Pensacola, FL market back in 2016. A few years later, she launched The Leavenworth Team as a way to handle the growing demand for her services and has turned that into a thriving team of a half dozen agents. In addition, she's grown a rental portfolio to 18 properties ranging from short-term, medium-term, and long-term rentals, all while continue to manage those properties between her and her husband. Find out how she's built this up in just a few short years and how she's willing to lean into uncertainty, grow through challenges, and come out...
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Many people work hard in their W-2 job to be able to do real estate investing on the side. What if your W-2 job allowed you to learn real estate investing WHILE you worked? Meet Shawn Baxter. By day, Shawn is a truck driver that travels all across the US. Because of his role, he is constantly listening to real estate investing podcasts and audio books all day long. Because of this dedicated time commitment, he puts in MORE time as a real estate investor than his truck driving job. This allows him to have the coveted "real estate professional" tax status and all the tax benefits that accompany it. Hear Shawn share how he's using real estate to build wealth, from house hacking to utilizing a home equity line of credit, to infinite banking, to a self-directed IRA. He's learned a lot while he's on the road, and is excited to build an amazing life through real estate.
In this episode hosted by Mike Swenson, we discussed:
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The 2 questions we hear most often are "How do I get started investing in real estate" and "How do I invest if I don't have enough money for a property". Today we're tackling those important topics! Mike Swenson covers the many different ways that investing in real estate can bring you income & profit, how you can fund your purchases, what considerations to make when deciding what type of investor you want to be, and how you can push the "easy" button and passively invest your money into other people's deals.
In this episode we discussed:
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