Description

Avery Carl bought her first rental property at age 26 on a 37,000 salary. Through strategically investing in short term rental properties in mature vacation rental markets, she was a millionaire by 31. She now owns a portfolio of 29 properties and is the CEO and founder of the Short Term Shop, a real estate team that helps investors acquire short term rental properties in the most recession-resistant markets, and trains them on the methods that led her out of the corporate rat race and into financial freedom. 

KEY POINTS

1. Short term vs. long term rental properties
2. Mature vacation rental markets vs. metro markets
3. 3 types of markets
4. Mature vacation rental markets (regional)
5. Metro Markets
6. National Vacation Destinations
7. Self-management of short term rentals remotely, from anywhere
8. Analyzing a potential vacation rental for optimal ROI and cash on cash return
9. How to finance short term rentals
10. How to manage your online reputation

 LIGHTNING QUESTIONS

1. What was your biggest hurdle getting started in real estate investing, and how did you overcome it?

• Saving the first down payment. Avery made the sacrifice to live with a very frugal life together with his husband.

2. Do you have a personal habit that contributes to your success?

• Waking up very early in the morning.

3. Do you have an online resource that you find valuable?

• BiggerPockets

4. What book would you recommend to the listeners and why?

• Long-Distance Real Estate Investing book by David Greene

5. If you were to give advice to your 20-year-old self to get started in real estate investing, what would it be?

• Get started investing sooner.

RESOURCES

Visit Audible for a free trial and free audiobook download!

The Short Term Shop

Email: info@theshorttermshop.com

LinkedIn

Bigger Pockets Episode

The Real Estate Way to...