517: 5 Pitfalls When Buying These “Crazy Cash Flow” Properties
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 risk
How Avery added over seventy more doors to her portfolio in under two years
The wrong vs. the right questions to ask when buying a short-term rental
The five things people need to avoid when making their first STR purchase
Why you may want to “bear-proof” your next cabin in the woods
Not being afraid to ask questions when investing
Why you should buy Avery’s new book Short-Term Rental, Long-Term Wealth
And So Much More!
Links from the Show
Check the full show notes here: https://biggerpockets.com/show517
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