520: $47k/Month in Rent, 0 Doors Owned | Rookie Takeover w/ Rafael Loza

<p>The hosts look and sound a little different today. There are no beards and we haven’t heard one metaphor containing jiu-jitsu lingo... That’s because <a href="https://www.instagram.com/wealthfromrentals/" rel="noopener noreferrer" target="_blank"><strong>Ashley Kehr</strong></a> and <a href="https://www.instagram.com/tonyjrobinson/?hl=en" rel="noopener noreferrer" target="_blank"><strong>Tony Robinson</strong></a>, hosts of the <a href="https://www.biggerpockets.com/real-estate-rookie-podcast" rel="noopener noreferrer" target="_blank"><strong>Real Estate Rookie Podcast</strong></a> have taken over the BiggerPockets Real Estate Podcast! Ashley and Tony regularly talk about how rookies can get their first (or next) deal, but today they’re combining expertise to talk about something more controversial: <a href="https://www.biggerpockets.com/blog/airbnb-arbitrage" rel="noopener noreferrer" target="_blank"><strong>rental arbitrage</strong></a>.</p><p>Rental arbitrage is a form of subletting that <strong>allows long-term tenants to make massive cash flow off of </strong><a href="https://www.biggerpockets.com/blog/analyze-short-term-rental" rel="noopener noreferrer" target="_blank"><strong>short-term rentals</strong></a>. Someone who’s done this to an extreme is <a href="https://www.instagram.com/rafa_l0za/?hl=en" rel="noopener noreferrer" target="_blank"><strong>Rafael Loza</strong></a>. Rafael was working the night shift as his W2 job when he found out about short-term rental arbitrage. He sat on the idea for a few months, but ultimately tried out the concept on an apartment. This one apartment took home a massive profit, allowing him to <a href="https://www.biggerpockets.com/blog/should-you-quit-your-9-5-job-for-real-estate" rel="noopener noreferrer" target="_blank"><strong>quit his job</strong></a><strong> and scale to fourteen units in just nine months</strong>.</p><p>Now, Rafael has twenty-four active units, all grossing thousands of dollars a month in rent for him. Back in March of 2020, Rafael was pr