Navigating the New Normal: The Challenges of Airbnb in Changing Markets #realestateinvesting
Jorge Contreras, an experienced real estate investor and entrepreneur, has weathered the storms of the short-term rental market. A year ago, he believed that launching an Airbnb in any location would yield success. However, the current recession has proven otherwise. Jorge presently owns a property in Joshua, California that is struggling to generate profit. Secondary markets are also facing challenges, with minimal cash flow. Only properties in primary markets are thriving amidst the changing dynamics of the industry. Jorge finds humor in reflecting on how the game has evolved, realizing the importance of being selective with property types and locations when venturing into the short-term rental business. With his expertise and adaptability, Jorge continues to navigate the ever-changing real estate landscape.
Today I spend a brief moment and share how I use Asana in managing properties and projects in Asana.
Let me know if you'd like to have a deeper dive by messaging me through Twitter: https://twitter.com/rei_mastermind
Look for REI Mastermind Network and subscribe through iTunes or your favorite podcast app! If you like what you hear please give us a rating, like, and share. It really helps the show grow.
SUBSCRIBE to the PODCAST!
• RSS: https://feeds.captivate.fm/reimastermind/
• Website: http://reimastermind.net
• Apple Podcasts: http://bit.ly/REIApplePodcasts
• Google Podcasts: http://bit.ly/REIGooglePodcasts
• Spotify: http://bit.ly/REISpotify
• Locals: https://reimastermindnetwork.locals.com/
• YouTube: http://bit.ly/REIYouTube
• Facebook: https://www.facebook.com/REIMastermindNet
• Twitter: https://twitter.com/rei_mastermind
• Instagram: https://www.instagram.com/reimastermindnet
SUPPORT THE SHOW!
• Get Six Months of RentRedi for $1 https://app.rentredi.com/signUp/JCH191
• Join the Community on Locals! https://reimastermindnetwork.locals.com/
• Get $10 and Reduce Your Business Costs by Shopping at AppSumo: https://bit.ly/reiappsumo
• Get $10 Towards Your First Purchase at Drop: https://drop.com/?referer=3DC729
"You can invest 10,000 hours and become an expert or learn from those who have already made that investment." - JD
...
https://www.youtube.com/watch?v=o-K7NYQ1zQY
Check out the full episode @reimastermind
Welcome back to the REI Mastermind Network! In today's episode, we have a special guest, Felecia Froe, who is talking about the power of investing for impact. She introduces us to a company called Philanthro Investors and their mission to create a movement where people invest their capital and time into projects and companies that are truly making a difference. Join us as we dive into the world of impact investing and discover how we can align our investments with our values. Get ready to be inspired!
Primary Topic: Investing for Impact
- Definition of investing for impact
- Importance of investing for impact in creating positive change
- Introduction to Philanthro Investors and their mission
Sub-topics:
1. Definition of investing for impact
- Explaining the concept of investing capital and time into projects and companies that make a difference
- Contrasting it with traditional investing practices focused solely on financial returns
2. Importance of investing for impact in creating positive change
- Highlighting the role of investing in driving social, environmental, and economic initiatives
- Discussing the potential to address critical issues such as climate change, poverty, and inequality through intentional investments
3. Introduction to Philanthro Investors and their mission
- Providing background information on Philanthro Investors and their objectives
- Describing the organization's focus on identifying and supporting companies that have a measurable impact
- Differentiating Philanthro Investors from other ESG-based investment approaches
...
https://www.youtube.com/watch?v=wcYgvX9n-UE
Check out the full episode at https://youtu.be/nsSlrBxzytE
Benson Agbortogo is the creator of the Consistent Profit Tree System which helps business owners and entrepreneurs in the construction and service industry generate more profit while working fewer hours.
While living in his native African homeland, at age 13, Benson Agbortogo discovered the immense love of a wealthy God and embarked on a quest to eradicate poverty. Benson became a missionary pastor with the purpose of helping people dedicate their lives to God but noticed most people still struggled economically and lived in financial poverty.
The Lord urged Benson to seek to understand the timeless, proven, economic principles of creating wealth to help others experience financial abundance. He moved to the USA where he has earned both a B.S. in Business Management and an MBA. Since then, Benson has served business owners through his Kingdom-based consulting services. He has authored 4 books, including “The Business System That Never Fails.”
We chat about:
• The Business System That Never Fails
• How To Overcome Fear in Business
• How To Build a Business with God’s Blessing
• More Profit in Fewer Hours
Connect with Benson Agbortogo!
• http://5profitmaximizers.com
Look for REI Mastermind Network and subscribe through iTunes or your favorite podcast app! If you like what you hear please give us a rating, like, and share. It really helps the show grow.
SUBSCRIBE to the PODCAST!
• RSS: https://feeds.captivate.fm/reimastermind/
• Website: http://reimastermind.net
• Apple Podcasts: http://bit.ly/REIApplePodcasts
• Google Podcasts: http://bit.ly/REIGooglePodcasts
• Spotify: http://bit.ly/REISpotify
• Locals: https://reimastermindnetwork.locals.com/
• YouTube: http://bit.ly/REIYouTube
• Facebook: https://www.facebook.com/REIMastermindNet
• Twitter: https://twitter.com/rei_mastermind
• Instagram: https://www.instagram.com/reimastermindnet
SUPPORT THE SHOW!
• Get Six Months of RentRedi for $1 https://app.rentredi.com/signUp/JCH191
• Join the Community on Locals! https://reimastermindnetwork.locals.com/
• Get $10 and Reduce Your Business Costs by Shopping at AppSumo: https://bit.ly/reiappsumo
• Get $10 Towards Your First Purchase at Drop: https://drop.com/?referer=3DC729
"You can invest 10,000 hours and become an expert or learn from those who have already made that investment." - JD
...
https://www.youtube.com/watch?v=xMEyHVA2plc
On this episode of REI Mastermind Network, the focus is on investing for cash flow and achieving financial freedom. Josh Cantwell shares his personal experience of growing his real estate portfolio to $100 million in the past year, and also discusses 9 traits shared by elite entrepreneurs who have succeeded in building their portfolios. The importance of using technology efficiently, taking responsibility for one's life, and prioritizing service over price are also highlighted. The episode concludes with a discussion on funding and the importance of private investors in achieving permanent financial freedom.
Connect with Josh Cantwell! https://freelandventures.com/
Look for REI Mastermind Network and subscribe through iTunes or your favorite podcast app! If you like what you hear please give us a rating, like, and share. It really helps the show grow.
SUBSCRIBE to the PODCAST!
• RSS: https://feeds.captivate.fm/reimastermind/
• Website: http://reimastermind.net
• Apple Podcasts: http://bit.ly/REIApplePodcasts
• Google Podcasts: http://bit.ly/REIGooglePodcasts
• Spotify: http://bit.ly/REISpotify
• Locals: https://reimastermindnetwork.locals.com/
• YouTube: http://bit.ly/REIYouTube
• Facebook: https://www.facebook.com/REIMastermindNet
• Twitter: https://twitter.com/rei_mastermind
• Instagram: https://www.instagram.com/reimastermindnet
SUPPORT THE SHOW!
• Get Six Months of RentRedi for $1 https://app.rentredi.com/signUp/JCH191
• Join the Community on Locals! https://reimastermindnetwork.locals.com/
• Get $10 and Reduce Your Business Costs by Shopping at AppSumo: https://bit.ly/reiappsumo
• Get $10 Towards Your First Purchase at Drop: https://drop.com/?referer=3DC729
"You can invest 10,000 hours and become an expert or learn from those who have already made that investment." - JD
TIMESTAMPS
00:00:00 REI Mastermind Network
00:00:26 10 Traits of Elite Investors and Entrepreneurs
00:01:42 Top Traits of Elite Entrepreneurs: Cash Flow & Responsibility
00:07:46 Elite Entrepreneurs' Super Time Management Skills and Secrets
00:17:18 Is Social Media Love Just a Dopamine Hit?
00:19:32 Elite Entrepreneurs Don't Watch the News, Here's Why
00:23:08 Elite Entrepreneur's Top 7 Secrets Revealed
00:29:01 10 Traits of Elite Entrepreneurs: People, Niche & Service
00:36:47 The Myth of 'Find the Deal, Money Comes'
00:38:50 Funding Equals Freedom: the Power of Private Investors
00:40:07 Lessons Learned: Finding Passion and Success
...
https://www.youtube.com/watch?v=60-BE8ha6ng
Check out the Full Video at https://youtu.be/mrouWRgQIks
Check out the Full Podcast episode at https://www.reimastermind.net/episode/a-firefighters-massive-side-hussle-with-timothy-lyons
Tim Lyons is the founder & managing partner of Cityside Capital LLC, a real estate syndication and investment company that focuses on multifamily real estate assets that yield strong returns for investors.
Tim is also a lieutenant in the New York City Fire Department (FDNY) where he has served for 16 years. Until recently, he also worked part-time as an emergency room nurse (RN) at a level 1 trauma center.
Tim’s initial goal with real estate was to create passive income and in turn, be able to spend more time with his wife and three girls. After partnering on a small multifamily property, he saw first-hand the power of real estate investing as an opportunity to create passive income and build wealth for his family.
He started Cityside Capital with the goal of not only growing his own portfolio but also to help others realize the power that real estate investing can have on creating wealth.
Connect with Timothy Lyons!
• Website: https://citysidecap.com/
Look for REI Mastermind Network and subscribe through iTunes or your favorite podcast app! If you like what you hear please give us a rating, like, and share. It really helps the show grow.
SUBSCRIBE to the PODCAST!
• RSS: https://feeds.captivate.fm/reimastermind/
• Website: http://reimastermind.net
• Apple Podcasts: http://bit.ly/REIApplePodcasts
• Google Podcasts: http://bit.ly/REIGooglePodcasts
• Spotify: http://bit.ly/REISpotify
• Locals: https://reimastermindnetwork.locals.com/
• YouTube: http://bit.ly/REIYouTube
• Facebook: https://www.facebook.com/REIMastermindNet
• Twitter: https://twitter.com/rei_mastermind
• Instagram: https://www.instagram.com/reimastermindnet
SUPPORT THE SHOW!
• Get $54 off RentRedi’s annual plan by going to https://app.rentredi.com/signUp/JCH191
• Get Exclusive Content on Patreon! https://www.patreon.com/reimastermind
• Get $10 and Reduce Your Business Costs by Shopping at AppSumo: https://bit.ly/reiappsumo
• Get $10 Towards Your First Purchase at Drop: https://drop.com/?referer=3DC729
"You can invest 10,000 hours and become an expert or learn from those who have already made that investment." - JD
...
https://www.youtube.com/watch?v=7NbwaoqXAsg
CJ Calio faced initial skepticism and opposition from family members when he decided to leave his secure union job at UPS to pursue a different path. However, he knew that staying in that role would limit his capabilities, so he persisted in his new venture. Despite facing potential disapproval and even the threat of being disowned, CJ stayed true to his vision and made progress towards his goals. After three years, those same family members who doubted him witnessed the positive results he had achieved and sought his assistance in achieving their own financial independence. Now, CJ's family members have become his biggest supporters, understanding the value of his work and the potential it holds for their futures. CJ is grateful for their trust and grateful that he was able to help them on their journey to financial freedom.
Connect with CJ Calio: https://www.instagram.com/wnnproperties/
Key Topics and Bullets:
Friends and family's initial reaction to real estate investing:
- Initial skepticism and belief that it's a scam
- Questioning the decision to give up a stable job with good benefits and retirement
Challenges faced with close family members:
- Almost being disowned for pursuing real estate
- Overcoming their doubts and proving the success of real estate investing
Positive outcomes with family members:
- Assisting them in achieving financial independence and early retirement
- Becoming the biggest supporters of real estate investing after seeing its benefits
Expanding the network:
- Encouraging other family members to join the real estate investing journey
- Presenting real estate investing as an alternative and option for a better financial future
Getting comfortable with the uncomfortable:
- Embracing discomfort as a catalyst for personal growth
- Pushing boundaries and expanding opportunities by stepping out of the comfort zone
Promotion and support:
- Sharing CJ's Instagram page for more information and connection
- Encouraging listeners to share the episode with friends who might find value in it.
...
https://www.youtube.com/watch?v=uqHjPehRBjM
Check out the Full Episode!
YouTube: https://youtu.be/PEAWbJOb8LM
Podcast: https://reimastermind.net/episode/the-power-of-self-improvement-with-ben-reinberg
Ben Reinberg started building his commercial real estate empire at 24 years old with nothing but shoe leather and a lot of hustle. Today he owns over $500 million dollars in assets across the country and shares his wealth building, commercial real estate investing, self-improvement and leadership insights and knowledge with his audience around the world.
Connect with Ben Reinberg!
• Website: https://benreinberg.com/
Look for REI Mastermind Network and subscribe through iTunes or your favorite podcast app! If you like what you hear please give us a rating, like, and share. It really helps the show grow.
SUBSCRIBE to the PODCAST!
• RSS: https://feeds.captivate.fm/reimastermind/
• Website: http://reimastermind.net
• Apple Podcasts: http://bit.ly/REIApplePodcasts
• Google Podcasts: http://bit.ly/REIGooglePodcasts
• Spotify: http://bit.ly/REISpotify
• Locals: https://reimastermindnetwork.locals.com/
• YouTube: http://bit.ly/REIYouTube
• Facebook: https://www.facebook.com/REIMastermindNet
• Twitter: https://twitter.com/rei_mastermind
• Instagram: https://www.instagram.com/reimastermindnet
SUPPORT THE SHOW!
• Get Six Months of RentRedi for $1 https://app.rentredi.com/signUp/JCH191
• Join the Community on Locals! https://reimastermindnetwork.locals.com/
• Get $10 and Reduce Your Business Costs by Shopping at AppSumo: https://bit.ly/reiappsumo
• Get $10 Towards Your First Purchase at Drop: https://drop.com/?referer=3DC729
"You can invest 10,000 hours and become an expert or learn from those who have already made that investment." - JD
...
https://www.youtube.com/watch?v=q563NfEL_ys
In a span of 3 yrs, JD Sustar already owns 22 rental properties ( 13 of those being single family homes, 7 mobile homes, and 2 short term rentals). He also helps and teaches thousands of people every day on how to invest in real estate, and what steps they need to take to get their personal finances in order to reach financial independence.
Topics can include:
Eliminating Consumer Debt
Funding and Analyzing Real Estate Deals
How to Find and Analyze Short term and Long term Rental Property
How to Avoid Short Term Capital Gains in real estate
Staying Away from Beginners' Biggest Mistakes,
Building and growing a brand on social media.
Connect with JD Sustar: https://financecowboy.com/
Look for REI Mastermind Network and subscribe through iTunes or your favorite podcast app! If you like what you hear please give us a rating, like, and share. It really helps the show grow.
SUBSCRIBE to the PODCAST!
• RSS: https://feeds.captivate.fm/reimastermind/
• Website: http://reimastermind.net
• Apple Podcasts: http://bit.ly/REIApplePodcasts
• Google Podcasts: http://bit.ly/REIGooglePodcasts
• Spotify: http://bit.ly/REISpotify
• Locals: https://reimastermindnetwork.locals.com/
• YouTube: http://bit.ly/REIYouTube
• Facebook: https://www.facebook.com/REIMastermindNet
• Twitter: https://twitter.com/rei_mastermind
• Instagram: https://www.instagram.com/reimastermindnet
SUPPORT THE SHOW!
• Get Six Months of RentRedi for $1 https://app.rentredi.com/signUp/JCH191
• Join the Community on Locals! https://reimastermindnetwork.locals.com/
• Get $10 and Reduce Your Business Costs by Shopping at AppSumo: https://bit.ly/reiappsumo
• Get $10 Towards Your First Purchase at Drop: https://drop.com/?referer=3DC729
"You can invest 10,000 hours and become an expert or learn from those who have already made that investment." - JD
...
https://www.youtube.com/watch?v=4ALIqQW8YUk
Drew Dolan has 20+ years' experience in real estate, with a focus on deal structure, debt, capital procurement, and management. He has raised over $500M and placed $1B in debt for real estate investments.
Currently, Drew is the Founder, Principal, and Fund Manager of DXD Capital, a self-storage fund that leverages data technology to make real estate investments that offer its investors outsized returns.
DXD Capital has raised $53M and invested $10.1M in self-storage properties in Las Vegas and Phoenix so far. They use a set of proprietary tools, which help them identify market opportunities, analyze pricing, determine existing supply, etc., in the self-storage space.
Before starting DXD Capital, Drew was the President of Titan Development, a real estate development and investment firm with $2.5B+ in real estate development, over $400M of assets under management, and 20M square feet of developed real estate.
Leading media outlets, including The Wall Street Journal and The New York Times, have interviewed him as a self-storage industry expert.
We chat about:
Why self-storage is becoming an increasingly attractive investment.
How self-storage investments can earn investors a higher return than the stock market or other commercial real estate investments.
How to break into the world of investing in commercial real estate.
Look for REI Mastermind Network and subscribe through iTunes or your favorite podcast app! If you like what you hear please give us a rating, like, and share. It really helps the show grow.
SUBSCRIBE to the PODCAST!
• RSS: https://feeds.captivate.fm/reimastermind/
• Website: http://reimastermind.net
• Apple Podcasts: http://bit.ly/REIApplePodcasts
• Google Podcasts: http://bit.ly/REIGooglePodcasts
• Spotify: http://bit.ly/REISpotify
• Locals: https://reimastermindnetwork.locals.com/
• YouTube: http://bit.ly/REIYouTube
• Facebook: https://www.facebook.com/REIMastermindNet
• Twitter: https://twitter.com/rei_mastermind
• Instagram: https://www.instagram.com/reimastermindnet
SUPPORT THE SHOW!
• Get Six Months of RentRedi for $1 https://app.rentredi.com/signUp/JCH191
• Join the Community on Locals! https://reimastermindnetwork.locals.com/
• Get $10 and Reduce Your Business Costs by Shopping at AppSumo: https://bit.ly/reiappsumo
• Get $10 Towards Your First Purchase at Drop: https://drop.com/?referer=3DC729
"You can invest 10,000 hours and become an expert or learn from those who have already made that investment." - JD
...
https://www.youtube.com/watch?v=LJ1kWWGJOMU