HyperFast Minute | June 10th, 2022
A Minute on Something I’m Learning:
Action equals results. About 6 months ago a high school friend who I have not heard from in over a decade reached out to me. He saw some of my social media posts about short term rentals and wanted to ask me a few questions. After I hung up the phone I wondered if he would pull the trigger. A lot of people talk, but don’t take action. Well I got a text from him last week and he asked for feedback on his Airbnb listing that he just bought in Tennessee. I gave him some feedback and he sent me a screenshot of his calendar. Most of the summer is booked up. I was happy. He got his education on social media, went to a conference and took action. Most people forget about the last part.
A Minute on Something I’m Teaching:
Inflation is worse than they are telling us. They just told us 8.9%. I think it is probably closer to 20%. Packages of goods are getting smaller. Quality is getting lower. Inflation is a lot higher. Be happy if you own real estate right now.
A Minute on Something I’m Excited About:
My next short term rental is almost on the market: a renovated duplex in Lauderdale By the Sea. The reno is done. Staging is almost finished. Pictures are next week. Be on the lookout for some videos on my TikTok account.
A Picture Worth Looking at for a Minute
Here is a picture of me driving the boat with Joe, Krista and Keri.
A Minute Answering One of Your Questions:
This is the part where I answer a question someone has texted me or asked on social media (I answer all Instagram Direct Messages).
“Should I invest in real estate going into a recession? ”
Yes. Just make sure it cash flows.
Thanks for tuning in this week! If you know someone that would like to be a part of this please share this with them and click here to sign up.