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The video above was taken with my student Andy at rental property #10. Andy is only 34 years old and he now owns 10 rental properties. He has purchased those ten rental properties in just 7 years. And all of those properties were purchased with me lending him the money to buy them (one of the advantages of being in my coaching program).
Andy has added over 2 million in equity to his net worth from those 10 rental properties. He now generates $50,000 a Month on Airbnb!
He purchased his first rental property just 7 years ago after attending my Wholesaling Real Estate Boot Camp and signing up for my real estate coaching program. I helped Andy learn how to identify and find properties at below market value, and I also went to the properties with him t0 review them and helped him reject many properties before we found one that would be a good fit.
As I mentioned above, I also provided Andy with the private lender loan to fund all of his property purchases (this is one of the benefits of my coaching program). On the first house that Andy purchased, I also provided him with one of my contractors to help him on the rehab. Andy purchased his first house with just $10,000 down for $130,000. I gave him a hard money loan for $120,000. Today that house is worth over $500,000 and Andy still owns it. Since then he has purchased a total of 10 ten houses. The house in the video above is house # 10 which was purchased and repaired and furnished as an Airbnb. After Andy saw that he could get $800 a night or more on this property he started converting ALL of his rentals to Airbnb. He now makes $50,000 a month on Airbnb with those same 10 properties. Last year he quit his job. He has over 2 million dollars of equity in his property meaning if he sold them he could put that in the bank. And on top of that, he generates $50,000 per month in income from Airbnb. He has no job, all he has to do is make sure everyone is checked in and checked out and that the maid service is doing their job. He has achieved Financial Freedom at just 34 years old. You could achieve this too. Your first step is learn how to use the buy, repair, rent and refinance strategy and learn how to incorporate this into your Airbnb Investment Business.
If you want to meet Andy and hear him share his story of how he purchased 10 rental properties in 7 years all with borrowed money from private lenders then make sure you come to the Airbnb & Short Term Rentals Boot Camp which is coming up
Click Here To see Lex Levinrad Real Estate Training Event Dates
At the boot camp, Andy will share his story of how he got started investing in real estate at such a young age, and how he has acquired his rental properties methodically with borrowed money (from me) and then refinanced all of his properties into conventional loans (with my mortgage broker and my student). He will talk about his transition and how he decided to switch from long term rentals to Short Term Rentals and Airbnb. He will explain why he did this and the pro’s and cons of this Airbnb business model. You don’t want to miss this.
Make sure you are at the Airbnb & Short Term Rentals Boot Camp
You could be investing in Airbnb’s and other short term rental platforms too.
You just need to learn how to do it. You need to learn how to identify and find houses at below market prices that would be a good fit. You need to learn how to buy these houses with other people’s money. And then you need to learn how to fix those properties up without paying too much and how to rent them out to get positive cash flow. It’s not rocket science.
You just need to apply the system that we teach. When you fill out the application, I will personally make sure that Andy gets a copy of your application. He has agreed to take the time to personally reach out and give a call to everyone that fills out this form. He will discuss investing in real estate and our coaching program with you. You can talk to him about his experience working with us in our coaching program over the past few years and how that has benefited him. And you can decide if our real estate coaching program is a good fit for you.