I actually caved back in 2017 and got a truck… I was working a sales job with decent commissions, so I figured I’d “reward myself” The truck was definitely fun, but the excitement eventually wore off. After a few months of $700 payments, I realized pretty quick how stupid of a decision it was. So I sold it, got a Honda CR-V, and put all the money into getting my first Airbnb property. That unit started making around $6000 a month, which kickstarted this whole journey into the real estate world. This really wasn’t that long ago. But a few years of delaying gratification, now I have a sweet truck that I love and my wife has her dream car, but this time I don’t have to worry about the payments. Our assets cover it for us. Now we can enjoy our vehicles without it feeling like a burden. If you want to learn more about how to escape the rat race, give my page a follow!

I’ve been an Airbnb host for 5 years now. From my experience, these are the 5 things that will mostly impact your booking rate: 1. Location 2. Design and furniture 3. Amenities 4. Professional Photography 5. Great reviews Nail these and you’ll climb up the search rankings faster than you can say “superhost.”

It's over... I'm coming clean about everything 😞

Two things that help boost ROI with short term rentals that are easily within your control... 👇🏼 1) Saving money on furniture by scoring discounts. The less money you spend out of pocket increases your ROI 2) Speed to market. Every day you aren't listed on Airbnb, you are accumulating holding costs and each day you are not listed is an opportunity cost equal to your average daily rate. So being organized and ordering furniture all from one place can streamline the time to launch, getting you to profitability quicker. Result = Higher ROI. I've been using @minoanexperience to order furniture and it's been a complete game changer for me. It's free to set up an account and super simple to use. Check out http://minoanexperience.com/michael for more info 🤝🏼 #airbnb #passiveincome #realestate #moneyhacks

Here is how we're using real estate to build wealth: - We leverage debt to make a better return on our money. - We build an attractive design for our property to stand out from boring properties. - We pack our properties with amenities to create a better experience for our guests, this allows us to charge a premium rate. - Then we create the listing and list it on Airbnb. We only do short term rentals simply because how much cashflow we can make with each property. The loan gets paid off by our guests. We get to keep what's left after paying for mortgage, cleaning, and other expenses. And appreciation of our properties builds our wealth.