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517: 5 Pitfalls When Buying These “Crazy Cash Flow” Properties

517: 5 Pitfalls When Buying These “Crazy Cash Flow” Properties

FromBiggerPockets Real Estate Podcast


517: 5 Pitfalls When Buying These “Crazy Cash Flow” Properties

FromBiggerPockets Real Estate Podcast

ratings:
Length:
72 minutes
Released:
Oct 12, 2021
Format:
Podcast episode

Description

Avery Carl is the go-to contact for short-term rental investing. Her business, The Short Term Shop and The Mortgage Shop not only helps find properties and secure loans for prospective short-term rental investors but also helps guide investors through their first vacation property purchase. While this type of property can be a cash flow king, it also takes more management and a bit more time upfront to get the system oiled and operating smoothly.Since we last talked to Avery, she’s quadrupled her portfolio from twenty-something short-term units to ninety-six units, sixty-one of which are large multifamily properties. Avery gives an in-depth analysis on why short-term rentals should hold a place in every investor's asset collection, and the common pitfalls investors go through when purchasing their first short-term rental.If you’d like to learn more about building wealth through short-term rental investing, grab Avery’s brand new book Short-Term Rental, Long-Term Wealth!In This Episode We Cover:Why having short-term rentals can help real estate investors mitigate riskHow Avery added over seventy more doors to her portfolio in under two yearsThe wrong vs. the right questions to ask when buying a short-term rentalThe five things people need to avoid when making their first STR purchaseWhy you may want to “bear-proof” your next cabin in the woodsNot being afraid to ask questions when investingWhy you should buy Avery’s new book Short-Term Rental, Long-Term WealthAnd So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets Youtube ChannelBiggerPockets Podcast 364: Snowballing 6-Figure Short-Term Rental Profits Into Passive Investments with Avery CarlBiggerPockets PublishingBiggerPockets BookstoreAirDNAPriceLabsAirbnbVrboFacebook MarketplaceTuroRealtor.comVacasaCraigslistAmazonCheck the full show notes here: https://biggerpockets.com/show517See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Oct 12, 2021
Format:
Podcast episode

Titles in the series (100)

Imagine you are friends with hundreds of real estate investors and entrepreneurs. Now imagine you can grab a beer with each of them and casually chat about failures, successes, motivations, and lessons learned. That’s what The BiggerPockets Podcast delivers. Co-hosted by Brandon Turner and David Greene, this podcast provides actionable advice from investors and other real estate professionals every week. The show won’t tell you how to “get rich quick” or sell you a course, boot camp, or guru system; instead, the BiggerPockets Podcast will give you real strategies that work for real people. Start listening and join the over one million members who are learning to invest so they need Bigger Pockets! Visit biggerpockets.com, and follow Joshua Dorkin @jrdorkin, Brandon Turner @BrandonAtBP and David Greene @DavidGreene24.