122: 96 Units in 5 Years By Combining Long & Short-Term Rentals

Five short years ago, Avery Carl didn’t own ninety-six rental units. She didn’t have her real estate license, she hadn’t founded The Short Term Shop or The Mortgage Shop, and she did not have a book written on short-term rental investing. But now, Avery has all those things, and she did all of them in only half a decade. Avery’s first venture into real estate started by her saving up every penny she could to buy a property in Nashville. After some success, she asked, “what’s the most bang for my buck in real estate?” The answer: short-term rentals. Seven of her units alone brought in over six figures in just July, proving her point that vacation rentals are a necessary part of any investor's asset collection. Now, she manages her own short-term rentals and long-term rentals, she also helps teach others how they too can start investing in short-term rentals and even goes as far as to help them to get financing. All of this was done in a very short time period, and all of it proves that hard work can fuel financial freedom through real estate investing. Click here to listen on Apple Podcasts. In This Episode We Cover What to look for in a short-term rental or vacation rental market  Why short-term rentals are far more active investing than long-term rentals Staying up to date on your city’s short-term rental laws and regulations The software and systems Avery uses to analyze a deal 1031 exchanges and using them to massively grow your portfolio (tax-free!) Getting out of the fear of overpaying for a property through detailed analysis And So Much More! Links from the Show Real Estate Rookie Youtube Channel Ashley's Instagram Tony's Instagram Real Estate Rookie FaceBook Group BiggerPockets Podcast BiggerPockets Forums BiggerPockets Podcast 364: Snowballing 6-Figure Short-Term Rental Profits Into Passive Investments with Avery Carl The Short Term Shop The Mortgage Shop Airbnb VRBO Alpha Geek Capital Alpha Geek Capital Calculator Your Porter iGMS Smartbnb Airdna PriceLabs BiggerPockets Publishing Check the full show notes here: https://www.biggerpockets.com/rookie122 Learn more about your ad choices. Visit megaphone.fm/adchoices