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638: Making a Profitable Pivot Out of Regular Rentals and into Vacation Investing w/Brian Davila

UNLIMITED

638: Making a Profitable Pivot Out of Regular Rentals and into Vacation Investing w/Brian Davila

FromBiggerPockets Real Estate Podcast


UNLIMITED

638: Making a Profitable Pivot Out of Regular Rentals and into Vacation Investing w/Brian Davila

FromBiggerPockets Real Estate Podcast

ratings:
Length:
80 minutes
Released:
Jul 21, 2022
Format:
Podcast episode

Description

Rental property investing is a great way to make cash flow, or so it seemed in the pre-2022 world. Interest rates are rising, home prices have skyrocketed, and rent can’t keep pace with this market. Brian Davila saw this in his portfolio and knew he needed to do something about it. Buying “traditional” rental properties wasn’t going to cut it, especially when the monthly cash flow was a measly few hundred dollars. How many houses would it take to grant him a life of financial freedom?To most people, Brian Davila looks spoiled for choice. He’s a young guy, doing forty or so flips per year, bringing in big active and passive income checks. If you think that Brian can’t relate to the average investor, you’re wrong. Brain immigrated to the United States at just six years old, dropped out of high school in the ninth grade, and had his first child at nineteen. He was working at Las Vegas day clubs making ten dollars an hour before he decided to become a real estate agent.After cold calling hundreds of sellers a week, Brian was able to grow his clientele and eventually become a top agent. The only problem? He had no time for his family. He made the switch to start flipping and buying long-term rentals but had to pivot once again to a different strategy that would make him more cash flow even as home prices rise. Brian knows what it takes to become very successful in real estate in a short amount of time, and if Brian can do it, anyone can. In This Episode We Cover:How to become a successful agent and why most people shouldn’t get their license Transitioning from trading your time for money to letting your money give you back timeBrian’s biggest mistake when growing a fast-paced real estate investing business Flipping forty homes a year and how to get around permitting pain points Short-term rentals vs. long-term rentals and which will survive in 2022Lowering your tax bill as a real estate investor and avoiding capital gains And So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastGet Your Ticket for BPCon 2022Listen to All Your Favorite BiggerPockets Podcasts in One PlaceLearn About Real Estate, The Housing Market, and Money Management with The BiggerPockets PodcastsGet More Deals Done with The BiggerPockets Investing ToolsFind a BiggerPockets Real Estate Meetup in Your AreaDavid's BiggerPockets ProfileDavid's InstagramRob's BiggerPockets ProfileRob's YoutubeRob's InstagramRob's TikTokRob's TwitterReal Estate Rookie 113BiggerPockets Podcast 616How to Calculate Numbers on a Rental PropertyRob’s Video on The New Airbnb RedesignBook Mentioned in the ShowSKILL by David GreeneSOLD by David GreeneFlip Your Future by Ryan Pineda$100M Offers by Alex HormoziConnect with Brian:Brian's BiggerPockets ProfileBrian's InstagramClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-638Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Jul 21, 2022
Format:
Podcast episode

Titles in the series (100)

Imagine you are friends with hundreds of real estate investors and entrepreneurs. Now imagine you can grab a beer with each of them and casually chat about failures, successes, motivations, and lessons learned. That’s what The BiggerPockets Podcast delivers. Co-hosted by Brandon Turner and David Greene, this podcast provides actionable advice from investors and other real estate professionals every week. The show won’t tell you how to “get rich quick” or sell you a course, boot camp, or guru system; instead, the BiggerPockets Podcast will give you real strategies that work for real people. Start listening and join the over one million members who are learning to invest so they need Bigger Pockets! Visit biggerpockets.com, and follow Joshua Dorkin @jrdorkin, Brandon Turner @BrandonAtBP and David Greene @DavidGreene24.