Rental Property Investor · Los Angeles · Member since 2019 · 26 posts · 24 votes
Hi BP Community,
I have a fantastic general LTR Mastermind group that has been going strong for over a year now and I am looking to add a second mastermind group. This one will be focused entirely on Short term rentals. I just closed on my first one and am in contract for two more. I have been in the process of 1031'ing the C class properties in my portfolio and have been moving these over to STR. I have worked through Avery Carl's system and am looking to implement some of the strategies from "Optimize My AirBnB" as well. Would love to start masterminding with any experience level, I would just ask that you own or are in contract for at least one STR. This will be VIRTUAL over zoom, so you can live anywhere and attend.
I have a fantastic general LTR Mastermind group that has been going strong for over a year now and I am looking to add a second mastermind group. This one will be focused entirely on Short term rentals. I just closed on my first one and am in contract for two more. I have been in the process of 1031'ing the C class properties in my portfolio and have been moving these over to STR. I have worked through Avery Carl's system and am looking to implement some of the strategies from "Optimize My AirBnB" as well. Would love to start masterminding with any experience level, I would just ask that you own or are in contract for at least one STR. This will be VIRTUAL over zoom, so you can live anywhere and attend.
Thanks!
Jason
Interesting. I think my wife and I would attend. Send me info. We operate 7 Airbnb's.
Contractor · Scottsdale, AZ · Member since 2010 · 2k+ posts · 3k+ votes
4y
I got into short term rentals in 2017, bought 3 single family homes in Scottsdale that I rented out on airbnb from 2017-2020. But sold them all when covid hit. Got spooked and just didn't see the light at the end of the tunnel.
While I don't meet your criteria for owning anything today, I'm actively looking for opportunities again in Scottsdale, AZ and I'm interested in joining the Zoom mastermind sessions.
I have a fantastic general LTR Mastermind group that has been going strong for over a year now and I am looking to add a second mastermind group. This one will be focused entirely on Short term rentals. I just closed on my first one and am in contract for two more. I have been in the process of 1031'ing the C class properties in my portfolio and have been moving these over to STR. I have worked through Avery Carl's system and am looking to implement some of the strategies from "Optimize My AirBnB" as well. Would love to start masterminding with any experience level, I would just ask that you own or are in contract for at least one STR. This will be VIRTUAL over zoom, so you can live anywhere and attend.
Thanks!
Jason
We are just completing the renovation on our first Airbnb and want to have several more and would love to be a part of your mastermind.
Rental Property Investor · Los Angeles · Member since 2019 · 26 posts · 24 votes
4y
After 2 messages, BP started blocking me for "spamming", so . I changed the messages slightly. Then I was blocked because I can apparently only start 10 conversations per day. Please message me directly if you haven't heard from me yet. Please see below an edited version of the message that I likely tried to send you:
Hi Future STR Mastermind Member,
I am copying and pasting this message to everyone because I can’t figure out how to group message in BP and thought this would be quicker. First of all, thanks for your interest in joining this mastermind. I’m excited about the potential to learn from each other!
About me - According to Stessa, my wife and I currently have a real estate investment portfolio valued at $*,***,*** leveraged at $*,***,*** debt (I’m pretty sure Fannie/Freddie will stop loaning to us pretty soon!) with 11 properties (18 units). Due to the run up in the market (and trying our best to buy low), our leveraged asset return currently sits at 38.5%.
Up until recently, we had been buying mostly in C class and doing a lot of reno, so cashflow is another matter altogether. Which brings me to short term rentals. We are thinking that we can trade the amount of effort that we are putting into the C class properties for self managing STR and significantly increase our cashflow while buying in a better class (more appreciation upside). We just closed on one STR and have two more in contract.
We’ve been actively investing for about 2 years and I am still running my other business, so I classify myself at stage 1.5 as a RE investor. I define stage 2 as having a fully leveraged portfolio of (relatively) stable properties. Stage 3 would be financial independence and Stage 4 would be generational wealth.
The Mastermind – In general, I am leaning toward roughly Brandon Turner’s model:
Highs and Lows
Topic/Hot Seat
Goals Status
I would recommend one hour and am open to suggestions on this. I would recommend an incentive for attendance in the beginning. My other group puts $20 in a lottery for every absence regardless of reason. Generally, masterminds are best at 5 people, again I’m open to discussion on this.
Meeting schedule – I would recommend the same time once per week. Either mornings or late nights during the week are the best for me.
TO JOIN – PLEASE REPLY WITH YOUR TOTAL AVAILABILITY. You may need to carve out time for this, but I will try to schedule for a day and time that works best for the most people. Once I have a time that at least 5 people can do, I will send this out to those attending with a zoom link.
REMINDER – THIS WILL BE A VIRTUAL MASTERMIND
I look forward to talking to you soon and seeing you in our first mastermind!