Meet John and Jessica: I met them at a local real estate investment association (REIA). John and Jessica are a young married couple that hustled their way into multifamily investing. They started by spending a considerable amount of time learning about multifamily investments. They then developed a strategy tailored to their individual strengths. John focused on networking with brokers and finding off-market properties, while Jessica focused on analyzing the deals. Over several months, they fine-tuned their process. When they found a good deal, they would package it up and send it to their network of investors. Their work was such high quality that eventually an experienced syndicator reached out to them and asked them to be part of his team. They've since closed on their first deal and are working on numbers 2 and 3.
What’s impressive to me about this example is that they didn’t start with a ton of money. They worked...
It’s no secret that Airbnb — and other online home-sharing marketplaces like it — has changed the way people travel. More specifically, it has changed the amount of money spent on lodging for travel. According to iProperty Management, the average per-night price for Airbnb reservations is an affordable $80, compared with the almost $130 average daily hotel rate.
Though this online home rental site hasn’t completely diminished the draw of hotel luxuries and amenities, its popularity continues to soar. On any given night, 2 million people are staying in Airbnb rentals across the world. If those numbers aren’t telling of its influence, I don’t know what is.
If you’re pondering whether or not to join the more than 650,000 Airbnb hosts worldwide, here are two reasons to do it:
Seriously, some have made millions with this home-sharing gig....
There I was - thinking that my wife, Christina, and I were both active duty Marines, part-time real estate investors, and new Airbnb hosts, but apparently, we were also exterminators! Saddle up for a few lessons that I learned when we started using Air BnB to house-hack our way one step closer to financial freedom.
I am a huge fan of Airbnb. I have been a host for a year and a half now and love the business model. It takes the money out of the wealthy hotel owners’ pockets and puts it into the pockets of normal people wanting to earn some extra cash. As much as I would encourage anyone to try it out (if you have an extra room or unit), I must stress the fact that there is nothing passive about it.
When you first start as a host on Airbnb, you are a slave to the reviews. For the first few guests you host, a 5-star review is more important than the money. You need to build a good reputation so that you can earn Superhost...
Imagine: "This is the year I'm going to change my life. On January 1, 2019, I am going to do everything right this year. I am going to make a difference for myself, my family, and the world. I'm going to find a mentor, go to a real estate investing course, read 20 books, and get my first property."
Then life happened. I got busy at work. Our baby got the flu. The car needed tires and a radiator. The market is just a huge bubble right now, so I've got time. Life is so chaotic right now that I will finish out this year and starting on January 1, 2020, I will change my life and invest in real estate.
Sound familiar? This is a common mindset I continuously come across in aspiring investors, especially those in social media investing groups. They say "Maybe I should wait for a better interest rate? Maybe I should start in a completely different market? Maybe I should interview one more insurance agent to make sure it's the lowest...
As my unit motto states, “Service…is a calling only a few will answer, and when the impossible has been accomplished, the only reward is another mission no one else will try.”
Today, Veterans Day, we honor veterans across the US – both alive and past. Why?
Their military service is a sacrifice; to family, friends and country.
When you retire or separate, the sacrifice, or the fact that you and your family did sacrifice, continues…but it may look different now.
Many of you know of Active Duty Passive Income (ADPI) and what we do with helping vets and service members create additional streams of income. But I wanted to introduce a newer effort we are getting off the ground, called ADPI HELPS (Helping Everyone Live Post Stress).
If you heard me talking with Grant Cardone on his show or on ours, you know we believe real estate investing is about more than making money. More than financial...
“Happiness is only real when shared.”
-Jon Krakauer, Into the Wild
I never imagined I would be writing a post for a blog. Honestly, I don’t know if anyone out there will want to hear what I have to say. After receiving some encouragement from our friends, I hope to help others in our situation who believe diving into investing is an overwhelming experience.
Adulthood is a funny thing. When I was in high school, I had a very clear vision of how my life was going to go and who I was going to be. I was going to become a Navy nurse and do humanitarian missions. I would get married, see the world with my husband, and eventually have a ton of kids. I would also be an amazing photographer on the side and submit the occasional photo to National Geographic. Once I graduated college, I began to realize just how fluid everything is. I am married to a wonderful husband and we are slowly working on seeing the world. I am a Navy...
More often than not, we go through life thinking that we have absolute control. Not many people believe that there is a way out when it comes to mental illness, especially when the stigma is out there loud and clear, almost like it is screaming at you. That stigma has many confused and blinded on the definition of mental illness. When we try and describe our “disability”, many automatically think that it has to do with our outer core. They start looking for a broken bone. They don’t realize that it is our inner core that is a little shattered; those invisible wounds. We did not choose what happened to us. We didn’t choose the nightmares, the out of control tears, the trigger. We did not choose this life.
I am here to tell you to always be cognizant of your words. You never know who you can hurt. Someone somewhere is going through something that we do not always...
Selling your home is an exciting time, but it doesn't have to be stressful! There are easy and free ways to make sure that your home is appealing to both buyers and agents alike. Follow these "3 D's" to get your home sold fast!
Why? When buyers enter your home and see your personal effects, they have a difficult time visualizing themselves living there. A clean, neutral space will serve as a blank canvas for buyers!
For example: Early in my career, I was showing homes on the upper east side of Salt Lake. The home showings were going well and I was having a great time with my clients. We were on the last showing and I thought this home was perfect for my clients. It had the right bedroom count, bathroom count, great lot, fenced-in yard, and so many more options. We walked in and one of my clients veered off to go upstairs to check out the master bedroom. I thought nothing of it, she has shown herself 12 homes before this one. Suddenly,...
Why are real estate investors called investors in the first place? What's the difference between folks like us who buy low and sell high and John Smith who buys a nice home for his family and sells for appreciation 30 years down the road? On the surface, the concept is the same. Most investors eventually taste the sweet nectar of appreciation when they execute their exit strategy. Similarly, John Smith will pay down the debt on his house and be sitting on a fat stack of equity which he can leverage.
According to Investopedia.com, an investor is "any person or entity who commits capital with the expectation of receiving financial returns". John Smith may end up with some financial returns, but his primary concern is to provide shelter for his family. As investors, though we are also providing shelter for people and/or businesses, we are primarily concerned with our financial return. Risk is everywhere. Returns mitigate risk and provide opportunities. With...
I decided to actively pursue passive income (ironic, right?) in September 2018, when the ADPI Founding Five released the Military Real Estate Investing Academy, Rapid Deploy, and #StartTheSpark programs. As a 2011 minted Robert Kyosaki/Rich Dad Poor Dad truther, I KNEW that this was what I wanted to do, but the call to action was delivered by ADPI. These new offerings were a direct line to the education I was looking for to get moving!
Throughout a 7-week work trip, I plowed through the MREIA. I woke up early to squeeze in a 30-minute course, recap and digest it over lunch, then try to push for a second lesson in the evening – MREIA two-a-days. Would I recommend force-feeding yourself like that? No. Am I glad I did it? ABSOLUTELY!
My situation required MASSIVE action, and this was how I was going to stake my claim to financial freedom. There were books, websites, and other publications that were consumed before the course and all...