What is the best way to create long-term wealth?
As Airbnb hosts, we can leverage our expertise running a short-term rental business to acquire properties of our own.
But what does it look like to buy a STR property? How, exactly, do you finance a purchase like that?
Juan Carlos Morales is the serial entrepreneur and Airbnb investor behind Capital Jetset, a beachfront vacation rental company out of San Juan, Puerto Rico. He leveraged the rental arbitrage model to start his business and has since added management units and purchased properties of his own to build a portfolio of 30 STR units.
On this episode of Get Paid for Your Pad, Juan Carlos joins me to explain what differentiates a business owner from a manager and describe how he built a team of 13 employees to run Capital Jetset.
Listen in for Juan Carlos’ insight on why it’s a good idea to buy STR properties and learn how to finance YOUR first Airbnb property in the ownership model!
Juan Carlos got into Airbnb by mistake
Breakdown of Juan Carlos’ hybrid business model
Juan Carlos’ unique approach to rental arbitrage
Juan Carlos’ advice on starting a STR arbitrage business
Why Juan Carlos decided to start buying properties
How Juan Carlos benefits from owning STR properties
Juan Carlos’ plans for the future of his STR business
The 4-Hour Workweek by Timothy Ferriss
Legends X 90-Day STR Accelerator
Email jasper@getpaidforyourpad.com
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