The Ultimate Guide to Real Estate Investing with Liz Sheik

What this episode covers

Real estate is a lucrative investment for so many people. Success factors are built around knowledge – knowledge of your market, real estate trends, and local economies. Although there can be a lot of uncertainty, one thing is for certain -- that a home will be worth more ten years from now than it is today. Welcome to another amazing episode with your host Stacey John. In today’s show, Stacey interviews Liz Sheik, the founder of Vacation Rental Academy. Liz explains the current trends in the real estate market, what to do if your vacation rental property doesn’t cash flow (or incurs a negative cash flow), and how to navigate the dynamic interest rates currently plaguing the real estate industry. Moreover, she shares how to get started on your real estate business strategy and align it with your goals. Tune in for more insights! STR Sisterhood Survey: https://b5074ntfg57.typeform.com/to/YDldB8gU  During this episode, you will learn about; [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 [29:24] The lightning round: ●       What’s your favorite place to vacation? France or Beaver Creek, Colorado ●       What’s one place you’ve never been to that you want to visit? Dubai ●       What’s one thing you know now that you wished you knew when you  started out in the short-term rental business? How to leverage other  people’s money ●       What’s the best piece of advice you’ve ever been given? If you do  something that makes you happy, you will never work a day in your life ●       What’s one thing and/or person that you are grateful for today? My  husband  [34:05] How to connect with Liz Sheik   Notable Quotes ●     “There is no cheaper house than the house you buy today.” [11:35] ●     “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.” [13:10] ●     “If you do something that makes you happy, you will never work a day in your life.”[31:17]                     Remember to Subscribe, Rate, Review, Like, and Share! Connect with Liz: Follow Liz Sheik on; ●     Website:https://www.vacationrentalacademy.com/ ●     Instagram: https://www.instagram.com/vacation_rental_academy/ ●     Facebook: https://www.facebook.com/groups/409811790021811 Let's Connect! My Facebook group (Female Short-Term Rental Investors) https://www.facebook.com/groups/911671659592801) My personal website (https://staceystjohn.com/) My Free Masterclass: How I Went From A W2 to An STR Dream Life in 5 Simple Steps: https://staceystjohn.com/strwebinar/ The Short-Term Rental Society (https://www.strconnections.com/)

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