Choosing Cleveland for Short-Term Rentals

The chapter discusses the reasons why the speaker chose Cleveland for short-term rentals, specifically mentioning the Cleveland Clinic as a major draw for guests. They also talk about the costs involved in furnishing multiple units for short-term rentals and the importance of buying high-quality items. The chapter concludes with the speaker sharing their success in making $350,000 to $400,000 per year from their seven investment properties.

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How much passive income would you need to quit your job? How many rental properties would you have to buy? Most real estate investors think they’d need twenty, thirty, fifty, or a hundred units to finally retire with a six-figure passive income stream, but that could take decades to achieve. So, how do you do it faster? How do you build massive passive income, monstrous cash flow, and find financial independence fast? Follow Kate Lynch’s advice.

Three years ago, Kate was working…a LOT. Seventy-hour work weeks were the norm as she left the house before sunrise and returned well past sunset. Her family time was non-existent, moments with her kids were only reserved for the weekends, and her job controlled every aspect of her life. And while she was getting compensated fairly for the work she was putting in, watching her family time fly by was too much of a burden to bear. So, a rental property portfolio became the goal.

Kate bought in a completely unconventional area for her strategy, focusing entirely on cash flow, not caring much about equity, and doing whatever she could to replace her outrageous W2 income. Now, just three years later, she’s financially free, and if you follow her steps and only make a THIRD of what she’s making, you will be too!

In This Episode We Cover:

How to get off the “hamster wheel” of working a W2 job and find financial freedom

Using your retirement funds to invest in real estate (and whether or not it’s worth it)

The unconventional short-term rental markets that make HUGE cash flow

Buying homes with “negative equity” and how they can make you massive passive income

Long-term vs. short-term rentals and whether the extra cash flow is worth more work

And So Much More!

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