Get Creative with Pace Morby

Navigating the Challenges of Airbnb Investing in Army Towns

Jan 17, 2025

31:42

Welcome to a new episode of Get Creative! In this episode, we're joined by Gwyn Wimmer, a Subto student who has found success in Airbnb investing near military bases, primarily on the East Coast. Gwyn shares her background, how she and her husband transitioned from the Army to real estate, and the strategies they've used to build a profitable Airbnb portfolio. Host Jordan Whittenburg guides us through Gwyn's journey, highlighting the challenges and opportunities she's encountered along the way.

Highlights:

"Half his job is therapy, and like hand holding, talking people through the process, calming them down."

"We let the loan company know we had a baby. This house is too big for us. We can't handle it with the baby anymore, and they let us downsize our house with no questions asked."

"I have a whole community of experts in these other strategies that will come in and help me."

"I've been a part of other groups and things that it always felt like the goal of the creator was to step away as quickly as possible, and that is so not the vibe from Pace."

Timestamps:

00:00 - Introduction

02:02 - Gwyn Wimmer's Background and Transition to Real Estate

03:58 - Challenges and Successes in Real Estate Investing

06:02 - The Georgia Airbnb Deal and Subto Community

10:37 - Details of the Georgia Property and Market Potential

14:08 - Negotiating the Entry Fee for the Georgia Deal

17:01 - Projections and Returns on the Georgia Property

21:33 - Concerns and Strategies for Airbnb Investments

26:34 - Impact of the Subto Community on Their Success

30:06 - Future Plans and Final Thoughts

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