From humble beginnings and short-term paralysis to full health and a seven-figure salary! That is the journey of today’s guest, real estate investor and Airbnb coach, Jorge Contreras. Jorge overcame his troubles of the past and used determination, discipline, and an insatiable will to learn to retire at 29 and become a millionaire the next year! He walks us through how he became an investor and pays close attention to what pulled him toward Airbnb, before detailing what was going on in his mind when he made his first major investment of $35,000. We discuss the differences between Airbnb subleasing and arbitrage, how to approach landlords to sublease their property, how Jorge chooses his investment locations, the tenants he typically encounters, and why his single-family-home business model is a recipe for success. In the panic surrounding the imminent recession, our guest explains why Airbnb is still a winning bet, although you must have the mental fortitude required to take full advantage of this unique economic situation. Do you think you can become a 6-figure Airbnb Sublease champion in just 5 days? Join Jorge’s 5-Day Airbnb Launch Challenge and find out!
Key Points From This Episode:
- A warm welcome to today’s guest, real estate investor and Airbnb coach, Jorge Contreras.
- How Jorge got into real estate investing, Airbnb, and his other investing ventures.
- What it was like for him when he made his first big investment of $35,000.
- The difference between Airbnb purchasing and arbitrage.
- What to consider when approaching a landlord to sublease their property.
- Why some landlords raise their prices for Airbnb subleasing and others don’t.
- The average Airbnb stay duration.
- How Jorge chooses his locations and the types of properties he invests in.
- His single-family-home business model and why it’s a vehicle for success. ‘
- The type of tenants he commonly sees at his Airbnb’s.
- Why being based in primary locations will help you in times of global financial unrest.
- What it costs to furnish one of Jorge’s units and how he decides if the price is worth it.
- Why it’s still a good time to get into Airbnb subleasing, even amidst recession fears.
- How to balance working in your business and working on your business.
- Be sure to check out Jorge’s amazing 5-Day Airbnb Launch Challenge!
Links Mentioned in Today’s Episode:
Jorge’s 5-Day Airbnb Launch Challenge
Passive Income Through Multifamily Real Estate Facebook Group