EP 39: How To Make Money With Airbnb (Ft. Luke Neubauer)
Manage episode 315363701 series 3153988
Today, I had the chance to interview Luke Neubauer about the short-term rental market and how he's made money, despite the craziness of 2021!
Today, we talk about the pros and cons of short-term rentals, how to make your rental listing attract great customers, and how to pick the right location for your first short-term investment.
If you liked today's episode, do me a big favor and LEAVE US A REVIEW. 😄 I'd love to hear your thoughts!
- Michael Tucker
About Luke:
Luke and his wife started investing in real estate in 2011 with a $3500 down payment to get an FHA loan on the $100,000 purchase of a single family home. This deal helped them see the power of real estate and buying good deals as the seller owed over $255,000 on the property and it had previously appraised for close to $300,000. They were able to cash out refi within 8 months and used that money and put it back into the business to continue grow. After 6 years of repeating this process on multiple properties every year, Luke was able to "retire" from his day job as a middle school science teacher and go full time into Real Estate investing at the age of 31.
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