This week on Eggs, we have special guest J. Massey. J. is an author, speaker, and coach who teaches those he encounters how to build a short-term investment business by way of his amazing rags-to-riches story. On the show, he talks with Ryan and Mike about his experience from nearly living on the streets to developing a multi-million dollar business. As he tells his story he shares useful, actionable insights, and goes deep sharing with listeners practical information that they can apply in their own lives to build something from nothing in the short-term rental real estate market. We had a wonderful conversation, learned a lot—and you will too. Take a listen, then rate, like, share and subscribe!
What's in store…
Jay's background and how he got started in real estate: 2:03 - 10:28
How Jay transitioned from traditional real estate to short-term rentals: 10:28 - 13:20
The profit margins you can expect from short-term rentals: 13:20 - 14:00
Factors to consider when choosing a property for short-term rentals: 14:00 - 15:00
The tools and resources Jay provides to help people get started with short-term rentals: 15:00 - 17:00
How to approach landlords when you want to turn their property into a short-term rental: 42:20 - 44:48
Key takeaways:
Anyone can get started in real estate investing, even if you have no money or experience. Jay's story is a testament to this. He started out with nothing after a personal tragedy and went on to build a successful real estate portfolio.
There are different strategies for real estate investing. Jay shared his experience with wholesaling, fix-and-flip, and short-term rentals.
Short-term rentals can be a great way to get started in real estate investing. They are relatively low-risk and can be profitable even with small properties.
The key to success in real estate investing is to take action. Jay emphasizes the importance of not hesitating and moving quickly to get started.
Our Guest:
J. Massey
https://cashflowdiary.com/
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Credits:
Hosted by Michael Smith and Ryan Roghaar
Produced by Ryan Roghaar
Theme music: "Perfect Day" by OPM
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Feature with Zack Chmeis of Straight Method up now! https://medium.com/the-carton-by-eggs/zack-chmeis-35dae817ac28
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