How does someone turn a near-forclosure property into a profit in just one month?
That's the topic in this week's episode of The Liquid Lunch Project.
We're sitting down with Quentin West, an expert in Airbnb arbitrage, to learn how he's found huge success.
What is Airbnb arbitrage?
It's basically renting a property for a year or more and subleasing it on Airbnb to travelers. By charging more per night, you can make some extra cash. Quentin, who's been in the Airbnb business for a while now, says he started by listing his own home on Airbnb to avoid losing it but then moved on to renting properties specifically for arbitrage.
We talk about the challenges he faced in the beginning, how to screen guests, and why it's so important to scale the business in a healthy way (i.e., not maxing out all your credit cards).
And while arbitrage offers low risk and flexibility, Quentin urges listeners to remember that it's not a long-term retirement plan.
The profits may be insane now, but fluctuating markets and new regulations can change that. Instead, he encourages people to see it as the next step to building long-term passive income.
If you're an aspiring entrepreneur looking to enter the short-term rental market and build a new income stream, don't miss this conversation with Quentin West!
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