Join Vince and Matt as they chat with Alex Jarbo about what goes into developing short-term rental properties and marketing their listings. Alex is a military veteran, a program lead specialist, and a licensed real estate professional at Keller Williams Realty Inc. While advocating for online education, he serves as the Operations and Property Manager at Recession Proof Property Partners. Alex successfully merged military and real estate experience with specialized leadership As always, there’s a lot to unpack in this episode, so stay tuned and enjoy the show!
Outline of the episode:
● [01:11] Why Alex Jarbo chose to invest in real estate as opposed to other assets
● [04:06] How even the best business plan can fail in an unstable market
● [05:53] What prompted Alex to start investing while in the military
● [09:27] Closing his first deal and other challenges he faced along the way
● [12:20] Using recourse debt when making commercial loans
● [14:36] Finding the right lenders and building relationships with them
● [17:30] How to get past the usual mental plateau new investors get stuck at
● [20:36] Landing on the real estate market in Asheville, North Carolina
● [22:47] What to look out for when choosing any type of real estate market
● [27:43] Managing properties and pitching deals to new investors
● [30:59] How Alex funds different costs on a property with loan products
● [32:42] His target size of property and number of guests in a listing
● [34:42] Furnishing, underwriting, and marketing short-term rentals
● [37:47] The value of having a direct booking website for your rentals
● [42:10] The biggest mistake Alex has made in his real estate journey
● [44:21] What books Alex Jarbo recommends people read
● [45:30] His superpower of connecting the dots and putting deals together
● [47:39] The biggest lesson Alex learned so far over his entire career
● [49:49] His advice on working towards financial freedom as a busy working professional
● [51:08] How you can get in touch with Alex to learn more about him and his work
Resources:
● YouTube
● The ONE Thing by Gary Keller and Jay Papasan
● The Miracle Morning by Hal Elrod
Connect with The Cashflow Project!
● Website
● Youtube
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The Cashflow Project
This is for busy professionals who are looking for financial freedom through passive income, with a focus on cashflow assets in Multifamily Real Estate. We will be covering a variety of topics such as buying, managing, and selling real estate assets, specifically apartments.
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