517: 5 Pitfalls When Buying These “Crazy Cash Flow” Properties

Avery Carl is the go-to contact for short-term rental investing. Her business, The Short Term Shop and The Mortgage Shop not only helps find properties and secure loans for prospective short-term rental investors but also helps guide investors through their first vacation property purchase. While this type of property can be a cash flow king, it also takes more management and a bit more time upfront to get the system oiled and operating smoothly. Since we last talked to Avery, she’s quadrupled her portfolio from twenty-something short-term units to ninety-six units, sixty-one of which are large multifamily properties. Avery gives an in-depth analysis on why short-term rentals should hold a place in every investor's asset collection, and the common pitfalls investors go through when purchasing their first short-term rental. If you’d like to learn more about building wealth through short-term rental investing, grab Avery’s brand new book Short-Term Rental, Long-Term Wealth! In This Episode We Cover: Why having short-term rentals can help real estate investors mitigate risk How Avery added over seventy more doors to her portfolio in under two years The wrong vs. the right questions to ask when buying a short-term rental The five things people need to avoid when making their first STR purchase Why you may want to “bear-proof” your next cabin in the woods Not being afraid to ask questions when investing Why you should buy Avery’s new book Short-Term Rental, Long-Term Wealth And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel BiggerPockets Podcast 364: Snowballing 6-Figure Short-Term Rental Profits Into Passive Investments with Avery Carl BiggerPockets Publishing BiggerPockets Bookstore AirDNA PriceLabs Airbnb Vrbo Facebook Marketplace Turo Realtor.com Vacasa Craigslist Amazon Check the full show notes here: https://biggerpockets.com/show517 Learn more about your ad choices. Visit megaphone.fm/adchoices