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270: Rookie Reply: Airbnb Arbitrage, Turnkey Rentals, and When to Use a HELOC

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Mar 18, 2023

41:31

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ANECDOTE

Turning Trashed Properties Into Content

Ashley shared experience rehabbing trashed properties and creating Instagram content from challenges.
Tenants damaging units leads to costly repairs but engages audience with authentic stories.

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ADVICE

Hire CPA Early for Tax Planning

Hire a CPA early to maximize tax benefits of real estate investing.
Engage a CPA who offers proactive tax planning, not just tax return filing.

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ADVICE

Avoid Overpaying Taxes Annually

Avoid overpaying taxes through withholding, instead keep funds to invest during year.
Receiving a large tax refund means you gave the government an interest-free loan.

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How to Make Money in the Real Estate Market

03:56 • 3min

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Real Estate Investing Expert Secret

06:45 • 5min

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How Do You Plan for Your Taxes?

11:37 • 2min

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How Much Does a CPA Really Cost?

13:35 • 2min

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Airbnb Arbitrage From a Landlord's Perspective

15:51 • 4min

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RCN Capital - The Leading Lender for Real Estate Investors

19:45 • 3min

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Bambi HR Managers - Don't Waste Your Time

22:25 • 3min

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Is There a Noise Monitor in Your Rental Unit?

25:08 • 2min

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Is Airbnb a Good Option for a Landlord?

27:33 • 5min

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How to Reduce Your Liability as a Real Estate Investor

32:37 • 2min

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What Are the Main Downsides of Turnkey Properties?

34:11 • 3min

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Is Chasement a Turnkey Company?

37:08 • 2min

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Is an Interest Only HELOC a Good Tool for a Long Term Buy and Hold?

39:23 • 3min

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BiggerPockets Publishing - The Ultimate Package

42:44 • 2min

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Don’t have enough capital to own property? Enter Airbnb arbitrage, the popular investment strategy that allows you to rent out someone else’s property for a profit. Of course, there are a few challenges that come with this. Namely, you’ll need to convince your landlord that it’s a good idea! As always, Ashley and Tony are back with some important tips.

In today’s episode of Rookie Reply, we’re breaking down Airbnb arbitrage, and weighing the pros and cons on both sides of the arrangement. We also touch on the best liability protection strategies, using a HELOC for a down payment, and when it might be advantageous to buy a turnkey property versus a distressed property. Finally, we tackle the subject of tax planning and how hiring a CPA could help you save a fortune come tax season!

If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group! Or, call us at the Rookie Request Line (1-888-5-ROOKIE).

In This Episode We Cover

How to get into real estate without owning property

Why a landlord would agree to Airbnb arbitrage (and how to convince them)

The MASSIVE tax savings of hiring a CPA for tax planning

Using a HELOC for a down payment on a long-term rental property

When it makes sense to purchase a turnkey property versus a distressed property

LLCs, umbrella insurance policies, and the best strategies to protect yourself from liability

And So Much More!

Links from the Show

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Real Estate Rookie Facebook Group

Real Estate Rookie Podcast