270: Rookie Reply: Airbnb Arbitrage, Turnkey Rentals, and When to Use a HELOC
Description
Don’t have enough capital to own property? Enter Airbnb arbitrage, the popular investment strategy that allows you to rent out someone else’s property for a profit. Of course, there are a few challenges that come with this. Namely, you’ll need to convince your landlord that it’s a good idea! As always, Ashley and Tony are back with some important tips.
In today’s episode of Rookie Reply, we’re breaking down Airbnb arbitrage, and weighing the pros and cons on both sides of the arrangement. We also touch on the best liability protection strategies, using a HELOC for a down payment, and when it might be advantageous to buy a turnkey property versus a distressed property. Finally, we tackle the subject of tax planning and how hiring a CPA could help you save a fortune come tax season!
If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group! Or, call us at the Rookie Request Line (1-888-5-ROOKIE).
In This Episode We Cover
How to get into real estate without owning property
Why a landlord would agree to Airbnb arbitrage (and how to convince them)
The MASSIVE tax savings of hiring a CPA for tax planning
Using a HELOC for a down payment on a long-term rental property
When it makes sense to purchase a turnkey property versus a distressed property
LLCs, umbrella insurance policies, and the best strategies to protect yourself from liability
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
Real Estate Rookie Facebook Group
BiggerPockets Rental Property Calculator
How to (Legally) Avoid Taxes by Investing in Real Estate
Don’t Lose Your Portfolio to Lawsuits! Here’s How to Protect Yourself
Growing Your Portfolio with Turnkey Investing with Whitney Hutten and Lance Robinson
It’s Not All About Cash Flow: 4 Ways Real Estate Makes You Rich
Asset Protection for Rookies: 7 Wealth-Saving Answers from an Expert
Connect with Ashley and Tony:
Ashley's BiggerPockets Profile
Check the full show notes here: https://www.biggerpockets.com/blog/rookie-270
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email: advertise@biggerpockets.com
Learn more about your ad choices. Visit megaphone.fm/adchoices
United States
