5 • 1.1K Ratings
🗓️ 5 May 2023
⏱️ 63 minutes
🧾️ Download transcript
This week Josh is Joined by Michael Elefante to talk about about STR investing! Michael gives us some insight on the best loans to get for short term rentals, especially when you don't have W-2 income. They also talk about how to find sellers interested in rental arbitrage, how Michael goes about furnishing his properties, the pitfalls to short term rental investing and much more!
How to connect with Michael:
@Melefante6 on Instagram & TikTok
https://thebnbinvestoracademy.com
Click on a timestamp to play from that location
0:00.0 | You're listening to the Creative Capital Podcast. |
0:08.2 | You're dying to learn about how you can create wealth and real estate investing, then you |
0:11.6 | come to the right place. |
0:13.8 | Join in every week as we go over the ends and outs of real estate investing and learn |
0:18.3 | how you too can become financially free. |
0:23.8 | I can't find an asset class out there that will allow you to start with little money if |
0:28.0 | you do rental arbitrage, you can co-host for somebody for that matter, and just rinse |
0:32.2 | that cash flow. |
0:33.2 | You can get 100-300% ROI if you're doing rental arbitrage. |
0:36.1 | There's no down payment. |
0:36.9 | There's no closing costs, and they just rent so well if you do the right things. |
0:43.2 | What's going on, everybody? |
0:44.2 | This is Josh Ferrari, host of the Creative Capital Podcast, talking about a topic we've |
0:52.1 | talked about a handful of times. |
0:54.9 | Although what is very, very intriguing about today's guest is that he is able to make over |
1:03.6 | $1 million a year in revenue with only seven properties. |
1:13.6 | How do you do that? |
1:14.6 | How do you make that much money with so few properties? |
1:16.9 | There's so many people in the business that think you need thousands and thousands of |
1:19.7 | units to achieve a lot of passive income, but that's not the case. |
1:25.7 | Clearly, you can have very few properties and achieve the same level of success if not |
1:30.8 | greater than owning more assets. |
... |
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