The BetterLife Podcast Short-Term Rentals Can Make You Rich If You Do This (The Stale Listing Strategy) | Ep. 102 w/ Cale Delaney
Dec 6, 2024
Cale Delaney, a savvy real estate investor specializing in short-term rentals, unveils his innovative 'Stale Listing Strategy' for uncovering profitable gems on the market. He highlights the lucrative potential of short-term rentals, emphasizing cash flow, tax benefits, and operational efficiency through virtual assistants. The conversation dives into financing options, including DSCR loans, and innovative approaches to enhance property value. Cale also sheds light on navigating the evolving rental landscape with co-hosting and dynamic pricing strategies.
AI Snips
Chapters
Transcript
Episode notes
Stale Listing Strategy
- Use the "stale listing strategy" to find deals on Zillow.
- Look for properties that have been on the market longer than usual, avoiding bidding wars.
Financing
- Use conventional financing or DSCR loans for short-term rentals.
- Work with a lender specializing in short-term rentals and your specific market.
Cabin Deal
- Cale bought a four-bedroom cabin for $650,000, adding two bedrooms and a theater for $20,000.
- It generated $79,000 in cash flow and appraised for $1.15 million two years later.