The Benefits of the HUD-VASH Program for Homeless Veterans Efficient Operations: Building a Reliable Team with Kirby Atwell | From Military to Millionaire Podcast
Kirby Atwell: The Benefits of the HUD-VASH Program for Homeless Veterans Efficient Operations: Building a Reliable Team
Summary
In this episode of the Military Millionaire Podcast, David Pere interviews Kirby Atwell, an army veteran and real estate investor. They discuss Kirby's journey from flipping houses to investing in short-term rentals. Kirby shares his experience with the HUD-VASH program, which provides housing for homeless veterans. He also explains his unique approach to short-term rentals, focusing on affordable properties in smaller towns with less regulation. Kirby has built a portfolio of 30 listings and emphasizes the importance of cash flow over appreciation in real estate investing. Kirby Atwell shares his experience and insights on building a successful short-term rental business. He discusses the benefits of investing in short-term rentals, the importance of finding the right market, and the operational aspects of managing multiple properties. Kirby also emphasizes the value of creating residual income through real estate investments and shares his favorite resources for aspiring short-term rental investors.
Takeaways
-Focus on cash flow first in real estate investing
-Consider investing in affordable properties in smaller towns with less regulation-The HUD-VASH program provides housing for homeless veterans-Short-term rentals can be a lucrative investment strategy-Cash flow is more important than appreciation in the short term Investing in short-term rentals can provide higher cash flow compared to long-term rentals.
-Choosing the right market is crucial for the success of a short-term rental business.-Building a team of reliable cleaners, handymen, and property managers is essential for efficient operations.-Creating residual income through real estate investments allows for financial freedom and flexibility.-Resources like the Living Off Rentals masterclass and the book 'Effortless' by Greg McKeown can provide valuable insights for aspiring short-term rental investors.
Chapters
00:00 Introduction and Background11:13 Transition from Flipping Houses to Short-Term Rentals14:37 The HUD-VASH Program for Homeless Veterans19:47 Kirby's Unique Approach to Short-Term Rentals22:27 Dealing with Regulations and Finding the Right Locations25:28 The Value of Affordable Properties and Cash Flow29:29 Choosing the Right Market for Short-Term Rentals32:08 Efficient Operations: Building a Reliable Team35:14 Creating Residual Income through Real Estate Investments41:31 Recommended Resources for Aspiring Short-Term Rental Investors
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My name is David Pere, I am an active duty Marine, and have realized that service members and the working class use the phrase "I don't get paid enough" entirely too often. The reality is that most often our financial situation is self-inflicted. After having success with real estate investing, I started From Military to Millionaire to teach personal finance and real estate investing to service members and the working class. As a result, I have helped many of my readers increase their savings gap, and increase their chances of achieving financial freedom! - Click here to SUBSCRIBE: link to the channel for more awesome videos!
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