Tim Hubbard shares how he acquired a property for short-term rentals and the obstacles he hit with lenders. He talks about shifting to an abundance mindset in real estate investing instead of scarcity thinking.
But I just want to leave you with one little story. When I was first getting started in Newmarket, I was staying in a short term rental on the same street where I was planning on buying a property to do the same thing, rent them as short term rentals. I ended up talking to that owner of the short term rental where I was and I told them, I said hey, I'm actually in contract for this property down the street. I love what you're doing here. I think there's a lot of opportunity and that is my plan for the property I'm looking at acquiring. And there was no pushback. She was very open and she was very helpful and she actually helped me get that property. So what happened? I was buying this property out of state. I didn't know a lot of the local lenders and at the very last minute the lender pulled out and they said tim, sorry, we just, we can't give you that, we can't give you the loan. We don't know you.
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What Most Successful STR Investors Are Focussed on Today: From a 300+ Investor Meetup
