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Wealthy Way
How to House Hack Your AirBnB for Maximum Profits | Andres & Kelly Ospina
Nov 21, 2024
Andres Ospina, a real estate investor with over 70 rental properties, and Kelly Gomez, an Airbnb expert focused on corporate rentals, dive deep into innovative strategies for maximizing profits. They share insights on house hacking and the transition to corporate housing amid regulatory changes. Their discussion spans from the benefits of wholesaling vs. rentals to the importance of eco-friendly housing. Emphasizing community building and sustainable practices, they reveal how meaningful purpose can drive success while maintaining work-life balance.
01:10:54
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Quick takeaways
- Andres and Kelly's innovative house hacking strategy involves converting single-family homes into multifamily units, significantly increasing rental income and addressing local housing demand.
- Their transition from short-term rentals to corporate rentals not only catered to market changes and regulatory challenges but also provided more consistent occupancy and income stability.
Deep dives
Innovative House Hacking Strategy
The guests share their unique approach to house hacking by converting single-family homes into multifamily units. This process often involves repurposing garages into separate studio apartments and splitting existing homes into dual units. By doing this, they have been able to maximize rental income from each property, transforming 3-bedroom houses into 3 separate rental units. This innovative strategy not only increases cash flow but also addresses housing demand in their area, mainly through short-term and mid-term rental models.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode