Millennial Investing - The Investor’s Podcast Network

MI292: Real Estate Partnerships w/ Ashley Kehr & Tony J. Robinson

Sep 12, 2023

59:39

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Ashley Kehr and Tony J. Robinson, experts in real estate investing, discuss the Airbnb market, different types of partnerships, imposter syndrome, finding real estate partners, and the pros and cons of having a partner in this entertaining podcast.

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Episode notes

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Quick takeaways

There are two key types of partnerships in the real estate industry: debt-based partnerships involve lending money with limited upside, while equity-based partnerships involve sharing ownership and both the upsides and downsides of the investment.

Choosing partners based solely on proximity or personal relationships without considering skill fit is a common mistake in real estate partnerships, along with failing to have upfront discussions about responsibilities, financial planning, and potential exit strategies.

Effective communication is essential for successful real estate partnerships, including strong interpersonal skills, clear articulation, and the ability to have difficult conversations to avoid built-up resentment and tension.

Deep dives

Types of Real Estate Partnerships

There are two key types of partnerships discussed in the episode: debt-based partnerships and equity-based partnerships. Debt-based partnerships involve one partner lending money to the other, with a fixed return and limited upside. Equity-based partnerships involve sharing ownership and both the upsides and downsides of the investment.

Introduction

2min

Short-Term Rentals and Airbnb Revenue Trends

16min

Exploring Real Estate Partnerships and Mitigating Risks

5min

Maximizing Income with Airbnb and Streamlining Business with NetSuite

2min

Choosing the Right Partner for a Real Estate Partnership

20min

Show Sponsor Introductions

3min

Sample Paperwork for Real Estate Partnerships

14min

Robert Leonard brings back his friends Ashley Kehr and Tony J. Robinson to talk all about real estate partnerships and getting an update on the Airbnb investing market.

Ashley Kehr is the host of the BiggerPockets Rookie Podcast and Author of the books Real Estate Rookie: 90 Days to Your First Investment and Real Estate Partnerships.

Tony Robinson is well known in the world of real estate investing as the host of the BiggerPockets Real Estate Rookie podcast and author of the Real Estate Partnerships book, with Ashley Kehr.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

04:46 - What’s going on in the Airbnb investing market right now?

09:56 - How changes to the Airbnb platform have impacted investors.

13:30 - The different types of partnerships.

29:05 - How to get over imposter syndrome.

35:05 - Who you shouldn’t partner with.

36:02 - How to find a real estate partner.

53:24 - Why you might want, or not want, a partner.

And much, much more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
Ashley and Tony’s book Real Estate Partnerships.
BiggerPockets Real Estate Partnerships.
Related episode: Listen to REI185: 90 Days to Your First Investment w/ Ashley Kehr, or watch the video.
Related episode: Listen to REI089: Real Estate Diversification & Life Design w/ Ashley Kehr, or watch the video.
Related episode: Listen to REI022: Building Wealth from Rentals w/ Ashley Kehr, or watch the video.
Related episode: Listen to REI088: Airbnb & Short-Term Rentals w/ Tony Robinson, or watch the video.
Related episode: Listen to REI137: Airbnb Investing in 2022 w/ Tony Robinson, or watch the video.

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SPONSORS

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Connect with Robert: Twitter | Website

Connect with Tony: Instagram | YouTube | Twitter

Connect with Ashley: Instagram | Podcast

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