270: Rookie Reply: Airbnb Arbitrage, Turnkey Rentals, and When to Use a HELOC - a podcast by BiggerPockets

Don’t have enough capital to own property? Enter Airbnb arbitrage, the popular investment strategy that allows you to rent out someone else’s property for a profit. Of course, there are a few challenges that come with this. Namely, you’ll need to convince your landlord that it’s a good idea! As always, Ashley and Tony are back with some important tips.
In today’s episode of Rookie Reply, we’re breaking down Airbnb arbitrage, and weighing the pros and cons on both sides of the arrangement. We also touch on the best liability protection strategies, using a HELOC for a down payment, and when it might be advantageous to buy a turnkey property versus a distressed property. Finally, we tackle the subject of tax planning and how hiring a CPA could help you save a fortune come tax season!If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group! Or, call us at the Rookie Request Line (1-888-5-ROOKIE).
In This Episode We CoverHow to get into real estate without owning property
Why a landlord would agree to Airbnb arbitrage (and how to convince them)The MASSIVE tax savings of hiring a CPA for tax planning
Using a HELOC for a down payment on a long-term rental propertyWhen it makes sense to purchase a turnkey property versus a distressed property
LLCs, umbrella insurance policies, and the best strategies to protect yourself from liabilityAnd So Much More!
Links from the ShowFind an Investor-Friendly Real Estate Agent
Real Estate Rookie Facebook GroupReal Estate Rookie Podcast
AirbnbBiggerPockets Rental Property Calculator
How to (Legally) Avoid Taxes by Investing in Real EstateDon’t Lose Your Portfolio to Lawsuits! Here’s How to Protect Yourself
Growing Your Portfolio with Turnkey Investing with Whitney Hutten and Lance RobinsonIt’s Not All About Cash Flow: 4 Ways Real Estate Makes You Rich
Asset Protection for Rookies: 7 Wealth-Saving Answers from an ExpertMLS
The Real Estate PodcastTurboTax
Connect with Ashley and Tony:Ashley's BiggerPockets Profile
Ashley's InstagramTony's BiggerPockets Profile
Tony's InstagramCheck the full show notes here: https://www.biggerpockets.com/blog/rookie-270
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email: advertise@biggerpockets.comLearn more about your ad choices. Visit megaphone.fm/adchoices

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