517: 5 Pitfalls When Buying These “Crazy Cash Flow” Properties

<p><a href="https://www.instagram.com/theshorttermshop/?hl=en" rel="noopener noreferrer" target="_blank"><strong>Avery Carl</strong></a> is the go-to contact for <strong>short-term rental investing</strong>. Her business, <a href="https://theshorttermshop.com/" rel="noopener noreferrer" target="_blank">The Short Term Shop</a> and <a href="https://mortgageshop.co/" rel="noopener noreferrer" target="_blank">The Mortgage Shop</a> not only helps find properties and secure loans for prospective short-term rental investors but also helps<strong> guide investors through their first </strong><a href="https://www.biggerpockets.com/blog/times-year-buying-selling-vacation-rental" rel="noopener noreferrer" target="_blank"><strong>vacation property purchase</strong></a>. While this type of property can be a cash flow king, it also takes more management and a bit more time upfront to get the system oiled and operating smoothly.</p><p>Since we last talked to Avery, <strong>she’s quadrupled her portfolio from twenty-something short-term units to ninety-six units</strong>, sixty-one of which are <a href="https://www.biggerpockets.com/blog/jump-to-large-scale-multifamily" rel="noopener noreferrer" target="_blank">large multifamily properties</a>. Avery gives an in-depth analysis on why short-term rentals should hold a place in every investor's asset collection, and the <strong>common pitfalls investors go through when purchasing their first </strong><a href="https://www.biggerpockets.com/blog/analyze-short-term-rental" rel="noopener noreferrer" target="_blank"><strong>short-term rental</strong></a>.</p><p>If you’d like to learn more about building wealth through short-term rental investing, grab <strong>Avery’s brand new book </strong><a href="https://store.biggerpockets.com/products/short-term-rental-long-term-wealth" rel="noopener noreferrer" target="_blank"><strong><em>Short-Term Rental, Long-Term Wealth</em></strong></a><em>!</em></p><p>In This Episode We Cover:</p><p>Why having <strong>short-term rentals</strong> can