EPISODE · Jul 30, 2020 · 1H 19M
How To Pumped-up Your Cash Flow With Short-Term Rentals With J. Massey
from Life and Money Show · host Annie Dickerson, J. Massey, Julie Lam
What is Short-Term Rental?“It is the cashflow that creates the capacity for significance”The story behind Cashflow 101 board gameHow J started in real estate with ZERO investmentWhat lead J to start in real estate"It is not about you, it's about what value can you deliver to the marketplace""Entrepreneurs organized other people's resources and put them into productive use"What is a short-term rental? How does it work?Different ways to get into short-term rentalHow do you make money in short-term rental?What is the 3 Phase System?What is an Asset Light ModelHow did they survive Covid19 RESOURCES FROM THIS EPISODEWebsite: Cash Flow DiaryPodcast: Cashflow Diary Podcastcashflowdiary.com/howmanyunits GUEST BIOJ. Massey is the CEO and Founder of Cashflow Diary, a training and development brand for building short-term rental entrepreneurs. Before Cashflow Diary, J. raised capital and invested in traditional real estate (single-family homes, note brokering and holding, cell phone towers, commercial real estate, and apartment buildings). Eventually, he built his real estate investing training program to share what he learns continuously through his years of successful, real-world experience owning hundreds of traditional long-term housing units. When one of his students asked him what he knew about the world of short-term rentals, the answer was not very much.Once J. started learning about short-term rental strategies, he saw a world of opportunity in front of him. He built his very own 34-unit(46 bedrooms)-- -and-counting short-term rental business from scratch — which he still owns, grows, and operates — and has shifted his Cashflow Diary brand to focus exclusively on building and training short-term rental entrepreneurs. Now he’s built a community of thousands of like-minded people from 16 countries that he learns from every day and shares his knowledge through his Cashflow Diary podcast, YouTube channel, Facebook groups, and annual Short-Term Rental Summit training events. CONNECT WITH USTo connect with Annie and Julie, as well as with other Investing For Good listeners, and to get the latest scoop on new and upcoming episodes, join the Investing For Good Podcast Community on Facebook.To learn more about real estate syndication investment opportunities, join the Goodegg Investor Club.Be sure to also grab your free copy of the Investing For Good book (just pay S&H). --Thanks for listening, and until next time, keep investing for good! Learn together, cheer each other on, and pursue financial wellness alongside others who value living life by design. Join for free at https://goodegginvestments.com/invest Invest with us – check out our current investment opportunities here: https://goodegginvestments.com/deals --Connect with GoodeggWebsite - https://goodegginvestments.com/YouTube - @GoodegginvestmentsInstagram - @goodegginvestments
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What this episode covers
In real estate, the ability to get creative is endless. It is useful to always remind yourself of your business goals and make sure you are going in the right direction.The short-term rentals industry is continually evolving and with a complete defined business strategy and marketing plan, you can expect a 100% return of your investment in 10-18 months! Listen in as J. Massey discusses how to master your skills for your short-term rental business and how to strategize business survival during this Covid19 pandemic.
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How To Pumped-up Your Cash Flow With Short-Term Rentals With J. Massey
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