Set Up Profitable Systems to Live Off Rentals with Kirby Atwell
Kirby Atwell is a military veteran and real estate entrepreneur who started out flipping houses to make money. After five years of flipping, he realized that rentals were actually going to be the thing that got him to his ultimate goal, which was financial freedom. Listen in as Kirby discusses how financial freedom and autonomy are linked.
[00:01 - 08:48] Turning Short Term Rentals Into A Profitable Business
- Kirby shares his story of transitioning from the military into real estate.
- A change of mindset is needed to scale and generate more profits.
- Kirby discusses how he and his partners discovered how short-term rentals could be a profitable business.
[08:49 - 22:27] How to Find and Set Up Your First High Cash Flow Vacation Rental
- Focus on one area in order to become an expert. Build up a cash flow base in the same area in order to reduce risk.
- It is easier to grow a business if you focus on one goal and work towards it over time.
- It is important to figure out what your life goals are and to align them with your vision for the future. You need to identify who you need to be in order to achieve your goals, and then take on that identity.
[22:28 - 31:20] THE FINAL FOUR
- What's the worst job that you ever had?
- Platoon leader
- What's a book you've read that has given you a paradigm shift?
- What is a skill or talent that you would like to learn?
- Being a good father
- What does success mean to you?
- Success means autonomy
Connect with Kirby
Website: https://www.livingoffrentals.com/start
Linkedin: https://www.linkedin.com/in/kirbyatwell/
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Tweetable Quotes:
“A lot of people focus on the ‘have’...but they don’t think about what we need to be in order to have that outcome and what we need to do in order to have that outcome… You got to figure out what the steps are.” - Kirby Atwell
“You really got to align the ‘have’ goals, which align with the vision of where you want to be, then the things that you’re going to do in order to have those, and then who you need to be.” - Kirby Atwell