Short-Term Profits Lead to Long-Term Wealth with Avery Carl
Avery Carl – Affiliate Broker at eXp Realty and is a top 1% agent and vacation rental expert. Avery Carl talks about getting her start in real estate with one short-term rental, expanded that into five, and has now used the cash flow from those rentals to construct a portfolio of 18 long-term rental units.
Key Lessons Learned: You can get creative with how you finance real estate. Don’t let your limiting beliefs about vacation rentals stop you.
How did they acquire their knowledge or what knowledge did they need to acquire? She learned a lot from actually doing it on her own.
How much money did it take to get started? She spent $175,000 on her first property and put 10% down, and she spent about $3000 to rehab for a total of about $21,000 all-in.
How much time does it take now? She only spends about a few text messages a day answering questions.
Could they do this strategy from anywhere in the world? You can do it from anywhere if you have boots on the ground and systems in place.