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Welcome back to the Real Estate Investing School Podcast. In this episode, Lamè Kinikini, owner of Elk Ridge Management and Holdings, shares his journey from door-to-door sales to real estate investing. Lamè has primarily used creative finance to grow his portfolio to over $15mil+ and earned himself the nickname Short Term Rental King.
Lamè started by purchasing his first investment property as a short-term rental and quickly realized the potential for passive income. He scaled his portfolio by leveraging creative finance strategies and using other people's money. He developed the CASTR strategy, which combines creative acquisitions with short-term rentals and by focusing on this niche, Lamè has been able to provide value to investors and generate significant cash flow.
Lamè emphasizes the importance of expertise in operating short-term rentals and the opportunities it presents in today's market. He goes onto shares his insights on the short-term rental industry, how to succeed in it, and the importance of having an abundance mindset and diversifying client sources beyond Airbnb.
Joe and Lamè go on to highlight the benefits of tapping into executive assistance and professional contracts as alternative ways to find clients. They then end their conversation by discussing the benefits of buying right in today's market and the value of authentic relationships in business and life.
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