Using Uber As A Side Hustle To Buy Short-Term Rentals For Airbnb with Jonathan Dempsey

Jonathan is a Philadelphia-based real estate investor, agent, and business owner specializing in short-term rentals. This 28-year-old millionaire reached financial freedom before age 30 by building a portfolio of over 70 short-term rental units. He spends most of his free time traveling and has also created a short-term rental property management business that manages a portfolio of over 200 units across multiple cities. He believes that financial independence is a lifestyle and that anyone with a desire to be financially independent should pursue it. This is what inspired him to create the “Live Free” to teach entrepreneurs how to pursue their financial freedom.Get 3 Free PDFs For Wholesaling SFR/Mobile Homes and How To Make $100,000 a Yr. On The Side Of Your Full-Time Job When You Go To: https://ericlindseyml.com/Click On This Link  For Our Free E-Book "An Introduction Into Apartment Syndication Book:"  https://moonlightcre.com/ebook_download/Website: http://Ericlindseyml.comClick On The Link Below To Schedule A Call With Eric:https://calendly.com/moonlightequitiesgroup/scheduled-conversationDuring this episode, you will learn about:[01:03] A bit about Jonathan and how he got started in real estate[02:43] Tips and strategies that Jonathan has found to work better in the Airbnb model  [09:32] Airbnb model expenses and how to self-manage your revenue and expenses  [04:52] Techniques that will get you better ratings and more reviews for your short-term rentals[06:37] How the day-to-day looks like when buying real estate and working a W2 job [09:04] Jonathan's strategy of finding and locating short-term rental deals   [11:36] The average expense ratio of short-term rentals[12:59] Jonathan's hold technique and the endgame for his exit strategy [14:59] Jonathan’s unique strategy of financing and operating deals[16:46] Other businesses Jonathan is working on outside his short-rental properties [18:46] What Jonathan wishes he would have known before he started investing in real estate[19:46] How long it took Jonathan to close his first real estate transaction[21:29] How Jonathan balances business and personal life to ensure both continue to thrive[22:58] How to start a successful real estate business with a limited amount of money and time[24:37] What would Jonathan do to build a business like his if he was down to $100, with no experience and with limited time[25:48] A great personal development book that Jonathan recommends for Moonlight listeners [26:52] How can you reach out and connect with JonathanNotable Quotes:When you are starting, you want to self-manage; handling one property while working another job is not that difficult.It’s essential to work with a mentor earlier on; If you work with someone who is already doing it, you are likely to get good referrals for contractors and other things.Anything is possible if you approach it with the right strategy.