I can’t remember the last time I’ve actually made a comment on KZread. I couldn’t resist on this one though. I got sucked into the Airbnb sub letting, arbitrage, there’s so many names for it now. I haven’t watch the video yet so maybe he will discuss it but what happened with me as I got up to 10 units, fully self-employed doing this, and then the owners of the buildings end up selling the everything. That’s essentially what you’re doing with this, creating a business in which you don’t own anything. It’s literally in the title of the video. if you’re going to go through all the work, stress, and expenses to build a company like this you might as well own some of it.

@blakewilliams2595

Жыл бұрын

Exactly what I was thinking.

@blisshair6912

Жыл бұрын

Smarter than most

@Dallen712

Жыл бұрын

You wouldn’t own any real estate, but you would own a business.

@swatisquantum

Жыл бұрын

I got up to 12 units, city shut down 7 of them (limit 1 unit per verified ID), 4 units got sold by owner. 7 years in the game, felt like getting rug pulled. I may be able to hold onto 3 of them, we will see. Best is to start small and own it in a city that won’t ban Airbnb.

While I appreciate this arbitrage business and see the high profit, is it not for me. I love more passive inventing. Rent and hold, expect equity growth and get all the benefits of the cash flow. Thank you for all the info!! Love learning from all investors and their creative ways of making profits👍

W2 mindset does not work in a 1099 world🔥🔥

David was driving and texting while being a police officer 😂 love David!

Ahhh, got your “Old School” reference, David. Very nice! 😂

Thanks! Arizona is AWESOME!!!

I think this conversation is out dated now. When the question was asked how to find owners who will let you do a master lease. We heard a long story about how he knew a lot of developers not a conversation about how the dialogue proceeds. Me personally I might master lease three to four properties but I am not intending to grow a 150 unit business. Does not seem applicable. And what about furniture? Maybe it’s at the very end.

Definitely no bubble to see here folks.

Rob! What sheets do you love from BrookLinen?!

So ultimately lease arbitrage is sub-leasing?

Guy should have just stayed a lawyer. With all the work you did creating an STR business you’re probably making similar money as a lawyer. Instead of managing 150 you could’ve owned 50 by now

Great stuff once again!

What is name of your company

Jeff ❤

Here’s another good reason to never do this. The landlord is selling the house/building. Now, you have tons of realtors and investors walking through the unit every week. Good luck renting the place out when you have to advertise their reservation will be disrupted multiple times per week. But you know who doesn’t care, the landlord, lol. He’s still getting paid 😅😅😅

All furniture is cheap furniture these days

Another great informative content from you, guys! You're changing our perspective about having rental properties, especially Airbnb. Great talk!

Make 666 Halloween theme deals from helllllllllll hold it back for October 31

STR should be done with properties you own. Don’t fool yourself with these arbitrage gurus

not for me he owns nothing

@jamesbartlett9828

Жыл бұрын

Exactly