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425: Rookie Reply: How to Pass Down Generational Wealth & Top Airbnb Amenities

425: Rookie Reply: How to Pass Down Generational Wealth & Top Airbnb Amenities

FromReal Estate Rookie


425: Rookie Reply: How to Pass Down Generational Wealth & Top Airbnb Amenities

FromReal Estate Rookie

ratings:
Length:
41 minutes
Released:
Jun 28, 2024
Format:
Podcast episode

Description

You’re working hard to build generational wealth. But have you thought about a succession plan for your growing real estate portfolio? Today, we’re going to show you several ways to create a better life for your children while reinforcing the values of hard work, sacrifice, and entrepreneurship!
 
Welcome back to another Rookie Reply! Want to get more Airbnb bookings? In today’s episode, we’ll show you how to choose short-term rental amenities that will improve your bottom line. We also dive into seller financing and how to make your lender whole if you need to sell the property. We even discuss a unique type of real estate business that allows you to make a huge profit without owning any property. Finally, should you ever buy rental property if it won’t cash flow on day one? Stay tuned to find out!

If you want Ashley and Tony to answer a real estate question, you can submit a question here, post in the Real Estate Rookie Facebook Group, or call us at the Rookie Request Line (1-888-5-ROOKIE).

In This Episode We Cover
How to create generational wealth through real estate and pass it down to your children
A “unique” real estate business that lets you make money without owning rentals
How to choose amenities that will help you get MORE Airbnb bookings
Whether you should ever buy a rental property that won’t cash flow right away
Seller financing explained and how to make your lender whole if you sell a property
And So Much More!

(00:00) Intro
(00:44) Passing Down Generational Wealth
(10:05) Choosing Airbnb Amenities
(15:28) Seller Financing 101
(19:33) Making Money Without Rentals
(26:49) Does It NEED to Cash Flow?
(32:42) Send Us Your Question!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-425
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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Released:
Jun 28, 2024
Format:
Podcast episode

Titles in the series (100)

Ready to build your real estate empire… but not sure where to begin?Think of us as your personal trainer.From detailed breakdowns of real-world deals… to one-on-one coaching sessions and a warm, welcoming community… hosts Ashley Kehr and Tony J Robinson bring on a wide range of guests to tackle the “newbie” questions you've wondered about but might be afraid to ask.Looking to 10X your real estate investing business this year? This show isn’t for you.Looking for your first, second, or third deal -- or envisioning a more modest portfolio? Step right up. Every Wednesday, we’ll arm you with the tips, tools, and roadmaps you'll need as you embark on your journey toward financial freedom.