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Ep 201: How to win in AirBnB during the next shutdown
03:37 – I’ve gotten to the point where I think that I can mitigate risk without sacrificing what you’re making.
03:45 – What I’m talking about is your return on your investment, not necessarily your cash flow, but return on investment.
05:00 – At the end of day, refinancing got all of our money back, and had no money in the deal.
06:04 – If the market continues to do what it’s doing, we’re going to be just fine.
06:08 – The great thing about it is if the market does something that is not favorable for us to sell it, then it has a few other options, we can refinance it.
06:36- Whenever I’m making a deal, I’m always thinking about whether this has multiple exit strategies.
07:36 – And you have to be really, really deep in the trenches. And that’s, you know, I talk about all the time, having a laser focus on just really what you’re really good at.
09:27 – What we have in our control is our effort towards a certain exit strategy that you’re going to be talking about today, which is again, short term rentals.
11:23 – And so if you are really in this arbitrage, or co hosting model, for those of you that are new, arbitrage you rent, and then you sublet it through Airbnb or a short term rental website with the permission of the landlord, that’s very important.
14: 29 – And so we have to have this long vision, not the short vision.
15:29 – Warren Buffett says it all the time, if everyone’s doing it, that’s the time to be skeptical. But if no one’s doing it, that’s the time to go all in.
16:55 – What can I do right now, that is going to be low risk, with still decent reward, and is going to be something that everyone is maybe skeptical or scared of.
18:35 – So my suggestion to you is maybe there’s a market, maybe there’s a type of property, maybe there’s a type of landlord, maybe there is a type of clientele, a type of guest.
19:20 – If other people are uncertain, double down, you’ll find yourself winning on the other side.
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