Don’t buy rental properties? What if there were investment properties that made way more cash flow than rentals (we’re talking $2,000 or more per month)? These unique properties are often cheaper than rentals but command higher income. You don’t need any special skills to run one, and you can own them while working a full-time job, accelerating your track to early retirement. Want to know what they are? We’re giving the exact property types (and profits) in today’s episode.
Tony Robinson, host of the Real Estate Rookie podcast, and Nate Weintraub, head of Calico Content and copywriter for BiggerPockets, both ditched the long-term rental route years ago. The stress, low cash flow, and speed to scale weren’t worth it. Tony went one route, buying short-term rentals and eventually scaling into a money-making boutique hotel. Nate decided he'd had it with toilets, so he bought the ultimate toiletless investment—a self-storage facility.
Today, they’re sharing their profit numbers, rents, and the cost of their investments (which are surprisingly affordable). Plus, how many hours do these take to run? When Tony isn’t hosting our sister podcast, and Nate isn’t doing podcast SEO, how do they handle the day-to-day operations? And finally, can they convince Dave that long-term rentals aren’t superior?
In This Episode We Cover
How much you can make with a boutique hotel or self-storage facility (it’s a lot)
The surprisingly affordable prices of buying these “bigger” real estate deals
Finding hotels, motels, and self-storage facilities for sale in your market
How much time it takes to run a short-term rental or self-storage facility
The risks you must know before trying either of these strategies
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1142
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