The Importance of Owning Real Estate for Scaling the Airbnb Business

The speaker recounts their experience with renting an apartment on Airbnb without checking the lease agreement and realizing the need to own the real estate for scaling their business. They also discuss renovating a studio in LA before listing it on Airbnb and the challenges faced during the process.

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Going from house poor to earning HUGE cash flow and building a real estate empire? The journey to wealth through real estate was no walk in the park for today’s special guest. After figuring out that someone else would actually pay his mortgage for him, however, it became a whole lot easier!

Welcome back to the Real Estate Rookie podcast! Today, we’re joined by none other than Rob (Robuilt) Abasolo—investor, YouTuber, and co-host of the BiggerPockets Real Estate podcast. Born to first-generation immigrants who worked tirelessly to provide him with a better life, Rob grew up knowing how to live below his means. Little did he know that this mindset would prove critical when he and his wife were stuck with a mortgage payment they couldn’t afford. It was at this time that Rob discovered house hacking and put the strategy to the test—with enormous success! Ultimately, this proof of concept would give him the courage to build and scale his very own real estate business.

If you need to be reminded that investing in real estate is a viable path to financial freedom, look no further than this ultimate rags-to-riches story. As Rob reflects on his days as a rookie investor, he shares why it’s so important to document your journey, different ways to subsidize your mortgage, and how to get your spouse on board with your real estate obsession!

In This Episode We Cover:

Why you NEED to start documenting your real estate journey today

Supplementing your income with creative side hustle ideas

How to get your spouse on board with your real estate ventures

Subsidizing your mortgage payment through house hacking and rental arbitrage

Using proof of concept to scale your real estate business

Money-saving DIY home renovation projects (and when to hire a pro instead!)

And So Much More!

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