We Study Billionaires - The Investor’s Podcast Network TIP467: The King of AirBNB w/ Robert Abasolo
Aug 7, 2022
Robert Abasolo, a real estate investor and educator famous for his YouTube channel 'Rob Built', shares his journey from a frugal upbringing to a successful entrepreneur. He discusses house hacking and rental arbitrage as pathways to wealth. Automation techniques for Airbnb management save time and increase guest satisfaction. Abasolo compares real estate investments with alternatives like RV rentals, highlighting cash flow strategies. He even dives into the pros and cons of unique amenities like hot tubs for rental properties!
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House Hacking for Cash Flow
- Subsidize your mortgage by renting out rooms or spaces in your house, effectively house hacking.
- This strategy allows you to free up cash flow for further investments.
Robert Abasolo's House Hacking Journey
- Robert Abasolo started house hacking his first home, bringing in a roommate to offset mortgage costs.
- He continued this in Los Angeles, eventually generating substantial rental income, which he reinvested.
Early Financial Hardship
- Robert Abasolo and his wife faced financial hardship early in their careers, relying on two incomes and accumulating credit card debt.
- A delayed paycheck led to a moment of near overdraft, highlighting their precarious financial situation.
