The Benefits of the HUD-VASH Program for Homeless Veterans Efficient Operations: Building a Reliable Team with Kirby Atwell

The Military 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 Background
11:13 Transition from Flipping Houses to Short-Term Rentals
14:37 The HUD-VASH Program for Homeless Veterans
19:47 Kirby's Unique Approach to Short-Term Rentals
22:27 Dealing with Regulations and Finding the Right Locations
25:28 The Value of Affordable Properties and Cash Flow
29:29 Choosing the Right Market for Short-Term Rentals
32:08 Efficient Operations: Building a Reliable Team
35:14 Creating Residual Income through Real Estate Investments
41:31 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: https://bit.ly/2Q3EvfE to the channel for more awesome videos!

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Keywords

real estate investing, short-term rentals, HUD-VASH program, affordable properties, cash flow, short-term rentals, real estate investing, market selection, property management, residual income, Kirby Atwell