“This is the RIGHT WAY to invest in short-term rental properties.”
There’s nothing like that moment when your phone buzzes halfway through your midday meeting. You slide it out the edge of your pocket and glance down to see your favorite notification… (another Airbnb booking).
Your shoulders drop, back straightens, and a sense of euphoria pours over you. The grunt work has paid off. You meticulously cleaned and organized your home, perfected your pictures, and repeatedly lowered your price until you got that 1st booking… Now, with a few 5-star reviews under your belt, you are finally getting a piece of the “passive income pie.” You are finally self reliant.
It’s not long before you can see, touch and feel the TRUE potential of short-term rentals… but then, your quick ‘success high’ gets drowned out by rumors of people generating 30-40% returns. Having that level of repeatable ROI is a totally different game… It brings life-changing possibilities.
You have to actually invest in real estate.
… And even though everyone knows that building a real estate portfolio is the best way to achieve life-changing income, wealth and freedom, most people never pull the trigger on their first ‘investment’ property.
We get it. It can feel paralyzing if you have questions like:
With a lack of experience, resources, or knowledge, it’s not uncommon to throw in the towel and think, “It’s too late for me.”
In fact, most people never attempt to learn how to make (smart) short-term rental investment decisions.
Align your financial goals with things you’re passionate about
Instead of searching for a location that looks great on paper, come to terms with your authentic wants, needs and desires.
Are you an avid skier? Start your search in Colorado, Utah, or Wyoming.
Is rock climbing your passion? Do research on the Joshua Tree market.
Having a personal connection with your investment property does 2 things:
1 - If (when) something goes wrong, you’re more likely to solve the problem without it feeling like a job.
2 - Chances are, there are more people like you. If you pick a location that supports your hobby or passion, it will be easier to “niche down” and attract like-minded guests (making marketing a breeze).
Start by narrowing down your search to 5 general locations.
Craft a compelling story to illustrate FINANCIAL STRENGTH to your banker
The best way to sell yourself as a safe buyer in the banks’ eyes is to BE PREPARED. This means avoiding hard credit checks, making necessary payments at least 3 months in advance, and having the proper documentation in place. When crafting your personal financial statements, prioritize these 3 things:
This will show the banker that you are forward-looking and professional, worthy of the loan you want.
MORTGAGE TIP: Apply for a “Personal Property” loan, NOT an “Investment Property” loan. At this stage, it’s too early to declare your plans for the home… and you want the bank to see you as “low risk” as possible.
3 things to know before going “all in”
Regulations: Look for areas that have passed short-term rental taxes. These places are benefiting from short-term rentals and are likely to embrace you with clear & easy-to-follow guidelines.
Homes to avoid: Keep it simple. Start with a home that has an intuitive floor plan and is easy for your guests to find. The more bedrooms, the better… But don’t let it compromise location or budget.
Revenue Assumptions: Use our Mortgage Calculator to identify your Gross Scheduled Income (GSI). This eliminates uncertainty from the buying decision.
The art of holding firm at your line and still getting the deal done (without surprises)
Start with this question: How long has it been on the market?
The answer will help you uncover the seller’s motivation, putting you in a position of power.
Struggling to get the exact price you need to secure your dream property?
Use Richard’s tips to get your broker in on the deal. Everyone wins.
Leverage Home Inspections: Avoid “Blow Up Risk” & hidden costs so that you always feel good about the deal.
The art of holding firm at your line and still getting the deal done (without surprises)
Unlock “Hidden Value”: How to prioritize your immediate and future renovations that will get more people booking with you.
Sell the dream: How to market to your ideal guest so that building your brand becomes easy.
Interior Design: What’s desirable NOW vs what your ideal guest wants… Plus, how to adjust your pricing structure to account for furniture costs.
There’s no better time to invest in short-term rental real estate. With a rising interest rate environment, right now is the best time to invest.
Don’t waste your time and money on the WRONG property… Save BOTH with a Future Proof Formula™ that will serve you for decades to come.
“The Ultimate Guide to Finding & Buying STR Properties”
This highly-anticipated course has everything you need to finally gain the confidence to purchase your dream rental property… without feeling the dreaded “Buyer’s Remorse.”
(A small investment in yourself that has virtually no limit to the possible financial returns)
From dedicating his life to Wall Street to starting from scratch after the Stock Market Crash of 2008, Richard Fertig is committed to teaching people how to “Design Their Lives” with Future Proof™ short-term rental portfolios…
Richard Fertig is one of the most sought after short-term rental real estate coaches in the world.
Known for his ability to identify hidden market trends, Richard leverages his decades of hedge fund and real estate experience to make genius decisions for vacation rental portfolios.
Richard’s success and notoriety in the industry have given him a platform to teach thousands of real estate entrepreneurs how to use his Future Proof™ investment strategies to “Design Their Lives.” Students range from new co-hosts to multimillionaire developers. See their results, here.
His new course, “The Ultimate Guide to Finding & Buying STR Properties” is NOW AVAILABLE industry-wide!
Over the course of 5 weeks, you will discover how to identify the RIGHT short-term rental opportunity, secure unbeatable financing, and prime your new “Cash Engine” for eager guests (a “Rinse & Repeat” system).
Be confident when buying your property.
You get all this, for life.
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