Living Off Rentals: #75 - Combining Short-Term Rentals and Apartment Buildings to Create MASSIVE Cash Flow

#75 - Combining Short-Term Rentals and Apartment Buildings to Create MASSIVE Cash Flow - Blake Dailey

Jul 21, 2021

Our guest for today is a US Air Force officer, a multifamily real estate investor, and the host of The Multifamily Journey Podcast. He and his wife still work full-time jobs, but they have acquired over a hundred properties—and the number continues to grow!

We have Blake Dailey in today’s show. He learned about real estate during his senior year in the Air Force Academy and started analyzing properties. Within a year after graduating in May 2019, his net cash flow from his properties exceeded his W2 income.

In this episode, Blake will talk about the real estate strategies he used to boost his cash flow. He will break down the numbers for some of his short-term rentals and offer tips for people who are looking into multifamily properties.

Listen from start to finish, and learn from a hustler so that you too can achieve financial independence through real estate!

Key Takeaways

[03:03] Why Blake went to the Air Force Academy, how he learned about real estate investing, and about his first few short-term rental properties

[07:27] What the Florida Panhandle market is like

[10:45] About unique listings on Airbnbs and glamping

[14:10] What Blake learned after his first BRRRbnb

[19:19] Why he turns multifamily properties into short-term rentals

[26:55] How to make the most out of Airbnb listings

[28:59] How to value residential and commercial units

[34:58] On-net operating incomes and debt-service coverage ratios

[38:30] On the management side of the business

[45:54] Blake’s plans for the future