January 17, 2023
#11:The Ultimate Guide to Real Estate Investing with Liz Sheik
Investing in short-term rentals can be a great way to kickstart your entrepreneurial journey. Whether you’re a seasoned real estate investor or just starting out, having a successful portfolio of properties on Airbnb can provide you with tremendous financial rewards. 🙂
In this episode, I sit down with Liz Sheik, the founder of Vacation Rental Academy, and we chat it up about current real estate trends, how to make your vacation rental property profitable, and how interest rates can impact your investments.
Liz shares her expertise in navigating the real estate market and provides valuable insights into creating a successful vacation rental business. She also discusses how to align your business strategy with your goals to achieve long-term success. Enjoy!
Highlights and Key Points:
[03:12] A quick bio of our guest; Liz Sheik
[05:19] Is 2022 a good time to invest in short-term rentals?
[10:53] Why there isn’t a cheaper time to buy a house
[13:39] What to do if your rental property doesn’t cash flow or incurs a negative cash flow
[17:41] How to navigate the dynamic interest rates in the real estate industry
[27:13] How to get started on your real estate business strategy
[28:06] Aligning your real estate business strategy with your goals
- “There is no cheaper house than the house you buy today.”
- “With every moment of indecision, the cash sitting in your bank account is depreciating as inflation rises. The only way to meet or beat inflation is to put your cash in an asset that will grow and out beat inflation.”
- “If you do something that makes you happy, you will never work a day in your life.”
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