Dec 09 2024 50 mins 1
$50,000 cash flow from ONE rental!? Not many properties will give you this kind of return in today’s housing market, but this investor beat his competition to an innovative investing strategy, and it’s paying huge dividends. Want to find out what it is and how he did it? You don’t want to miss this one!
Welcome back to the Real Estate Rookie podcast! Garrett Brown envisioned himself running restaurants or operating hotels before real estate investing took him down a different path. He got his real estate agent license, flipped a few houses, and then, in a full circle moment, put his background in hospitality to good use—buying three condos at a discount and converting them into short-term rentals. But when Houston, Texas, like many Airbnb markets, became oversaturated in 2021, Garrett landed on a new strategy that would allow him to stand out. It gives vacationers a taste of the great outdoors without sacrificing the luxuries and comfort of a cozy home!
If you want to know how to earn five-figure cash flow from a single rental and keep your vacation rentals booked year-round, stay tuned. We’ll also get into why you should document your investing journey online (even if you’re just starting) and the trick to finding discounted properties!
In This Episode We Cover:
How this investor makes $50,000 in annual cash flow from one rental “unit”
The innovative rental property that blends luxury and the outdoors
How to stand out in any market by offering “unique stays”
Where most short-term rental bookings are coming from in 2025
Why every rookie should document their investing journey on social media
Scoring a deep discount on property by knowing a seller’s motivation
And So Much More!
Links from the Show
Ashley's BiggerPockets Profile
Real Estate Rookie Facebook Group
Ask Your Question on the BiggerPockets Forums
Pre-Order the Book “Smarter Short-Term Rentals”
Find Investor-Friendly Lenders
Real Estate Rookie 91 – 8 Units, 10 Wholesale Deals, and $0 Spent on Marketing w/ @liliinvests
(00:00) Intro
(00:53) Agent to Investor
(04:00) Garrett’s FIRST Deal
(09:59) The Motivation to Sell
(14:21) Creating “Unique Stays”
(21:54) Land Hacking 101
(28:04) Permitting Challenges
(32:28) Funding the Dome
(35:42) Cash Flow & Bookings
(44:31) Connect with Garrett!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-494
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