WS1638 - Tips to Develop Short-Term Rentals | #Highlights

In this #Highlights episode, we look back at our conversations with Blake Dailey and Alex Jarbo. Blake Dailey is a multifamily real estate investor as well as an Air Force Contracting Officer. He used the BRRRR strategy to buy, rehab, rent, and refinance residential properties, and then do short-term rentals using Airbnb, which is where the ‘nb in BRRRR’nb comes from!Short-term rentals have gained momentum especially since people are starting to travel again after the lockdowns caused by the pandemic were lifted. In this episode, we hear a very interesting take on syndication, specifically syndicating short-term rental projects. Alex Jarbo shares his unique short-term rental development strategy.Key Points From This Episode: Blake describes going through the real estate investing process with his wife.How many units did it take to replace his W2 income?How to branch into commercial multifamily from short-term rentals.How to finance short-term rentals through creative financing and relationships with local banks.How to transition from self-managing the property to bringing on a property manager.Alex shares his first real estate ground-up development.Why does Alex choose short-term rentals and not long-term rentals like multifamily?How did Alex scale his short-term rental business?Short-term rentals are properties that offer experience in themselves.How did a mentor help Alex to drive his business forward?Alex details the short-term rental projects he is syndicating.Tweetables:“Commercial multifamily is the way to do less transactions, have bigger payouts, and have the time reward be more, economies of scale, really. You hear that all the time in commercial multifamily. It’s scalable and there’s efficiencies built in.” –Blake Dailey“When I look at my goals and where I wanted to be at that time, the way to fast tracAfter interviewing thousands of entrepreneurs, one truth is clear: business success means little if it costs your marriage, family, or faith.I'm now hosting the Courageous Men podcast for men who want to lead well at home and at work. I'm looking for five men to walk closely with who want to lead well at home and work.  Email me at [email protected] and tell me why you should be one of the five. whitneysewell.com  VISIT OUR WEBSITEhttps://lifebridgecapital.com/Here are ways you can work with us here at Life Bridge Capital:⚡️START INVESTING TODAY: If you think that real estate syndication may be right for you, contact us today to learn more about our current investment opportunities: https://lifebridgecapital.com/investwithlbc⚡️Watch on YouTube: https://www.youtube.com/@TheRealEstateSyndicationShow📝 JOIN THE DISCUSSIONhttps://www.facebook.com/groups/realestatesyndication➡️ FOLLOW UShttps://twitter.com/whitney_sewell https://www.instagram.com/whitneysewell/ https://www.linkedin.com/in/whitney-sewell/ ⭐ Be Our Guest!We are continuously working hard to help our listeners with their journey to real estate syndication. If you think you can add value in any way to our listeners who are in commercial real estate, then we’d love to have you over. Apply here: https://lifebridgecapital.com/join-our-podcast/