Real Estate Investing with Coach Carson #313: Our Rental Investing Journey: 8 Years, 10 Properties, Financial Freedom
Episode #313 – Discover Joe's captivating journey from HGTV to Airbnb, where he shares the highs, lows, and priceless lessons that led to his remarkable rental portfolio of 10 properties. Join us in unveiling the secrets behind his 8-year odyssey to financial freedom.
🔗 Show Notes:
https://www.coachcarson.com/8yearjourney/
🔗 Show Links:
- Joe's business - Southern Sons Properties: https://www.instagram.com/southernsonsproperties/
- Joe's prior episode - "How a Couple Built a 7-Condo Rental Portfolio in 5 Years" - https://www.coachcarson.com/7-condos-5-years/
- Joe's tech stack for short-term rentals:
- HOSPITABLE for guest management and messaging.
- PRICE LABS for automating the pricing process
- TURNO to manage and pay the cleaners
- AIRBNB and VRBO for booking platforms
- BOOSTLY is now creating our direct booking site.
🎬 Timestamps:
0:00 - Intro
1:40 - Working for HGTV
08:03 - Don't worry about perfection
12:27 - Pivot to Airbnb
17:28 - ### on best Airbnb
19:16 - Airbnb expenses
20:33 - Estimating Airbnb ###
24:06 - Scaling with HELOC
25:57 - Long-term cashflow
27:54 - Benefits of mixing Short + Long
32:00 - Medical Emergency
39:23 - 2023 Portfolio
43:27 - Small & Mighty Perspective
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https://www.coachcarson.com/rpm
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https://www.coachcarson.com/toolkit-pod
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💰 DealMachine – Software to help you buy more real estate deals: https://www.coachcarson.com/dealmachine