163: Using Short-Term Rentals & House Hacks to Become Financially Free in 2 Years w/ Andrew Bresee | Bigger Pockets Podcast

Despite what most people would like to think, success has no timeline. There will be some "perfect" opportunities that don’t work out, which is why you must persist. You can either become stuck in one failure or use that failure to propel you forward. Our guest, Andrew Bresee, has learned to use missed opportunities to propel him forward.
Andrew was infected with the “real estate bug” in his teenage years after reading Rich Dad Poor Dad. While he didn't start his real estate journey that young, he began developing the skills that have made him a successful entrepreneur early on. Being persistent has helped Andrew in more ways than one. In school, he had the opportunity to study abroad in Italy and like many others, he loved it so much he didn’t want to leave. For weeks he continued to ask to stay and for weeks he continued to get rejected, but he refused to take no for an answer. After a while, the administration finally relented and let him stay as long as he agreed to work as a handyman. Had he accepted his fate, Andrew would have missed out on another year in a beautiful country with the love of his life who is now his wife.
When he came back, he lived with his parents, and instead of rushing to get to the next chapter of his life, he took a step back and found an opportunity right where he was. He decided to convert his parent's basement into an apartment that they could eventually rent out. While it took six years to complete, it currently cash flows and gave him experience with the rehab process. After that, he found the fourplex that he lives in now which cash flows about $1,200 a month! He found his current fourplex after he didn't qualify for a fourplex he thought was "perfect". Opportunities can be found in any failure or redirection—you just need to look hard enough.
In This Episode We Cover
The power of persistence and how to make life work for you
Understanding a seller and how catering to their needs can ultimately benefit you
Optimizing your Airbnb descriptions to attract your ideal tenant
Establishing your short-term rental vs your long-term rental and why it’s important to approach them differently
The importance of finding the right real estate agent who understands your goals and intentions
And So Much More!
Links from the Show
Ashley's Instagram
Tony's Instagram
Brandon's BiggerPockets Account
Real Estate Rookie Facebook Group
BiggerPockets
BiggerPockets Real Estate Rookie Youtube Channel
BiggerPockets Podcast 448: The Lazy Person’s Guide to Financial Freedom in Less Than 10 Years with Dion Mcneeley
The BiggerPockets Podcast
BiggerPockets Forums
Google
Google Voice
Facebook
Airbnb
Yahoo
Furnished Finder
Lowe's Credit Cards
Real Estate Rookie Podcast
BiggerPockets Investment Calculators 
BiggerPockets Blog
BiggerPockets Pro Membership
The Section 109 Podcast
Check out the full show notes here: link
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