Interview with David Tiprigan, a local Denver south metro real estate investor.
David and Elissa started in real estate by AirB&B'ing their Primary Basement.
Once they tasted success there, they researched and branched out and looked out of state.
They picked up five class C Duplex's in Texas with his family and eventually sold.
They picked up a house AirB&B in Texas as well.
They took advantage in a primary move and not paying capital gains to upgrade their primary house that has room for value ad.
They financed a short term loan for 2 years.
He tried renting out his truck through TORO and had limited success.
His secrets to success are:
Write a business plan and evaluate your progress.
Have cash on hand to be ready for an opportunity.
Have a good team
Lessons learned:
Long distance & poor property manager or poor relationship.
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AirB&B App: Your porter, VRBO, AIRB&B, Booking.com,
Property Management Apps: HomeAdvisor and Thumbtack
Books:
Rich Dad Poor Dad - Buy Assets versus liabilities.
Millionaire real estate investor and HOLD by Gary Keller
Contact David Tiprigan via Facebook
