Kirby Atwell graduated from West Point and served 11 years as an officer in the US Army. He landed on the vacation rental strategy after doing over 100 flips and lots of long-term rentals. And now, he has achieved financial freedom with his small vacation rental portfolio and loves helping others do the same!
In this episode, Kirby shares how he generates the same amount of cash flows by owning just a small number of short-term rental properties compared to 26 properties. Not to mention the less headache that comes with tenant issues.
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What you'll learn in just 17 minutes from today's episode:
"I'm not in any better financial situation than I was when I started because we spent millions of dollars on marketing and personnel and office and project managers and all the stuff that comes with growing a flipping company, so I had no assets to show for it. And that's really when I transitioned into rentals and realized there are a lot better ways to build wealth in real estate." - Kirby Atwell
"Once I accumulated 26, there were a lot of issues that came, a lot of challenges around keeping the properties in great shape and the challenges that come with that causing somebody to become homeless. Even though the cash flowed well, it was very unreliable. And that's when I started looking at other options that still had high cash flow, and I could do that BRRRR, but strategy but didn't have all these issues. And that's when I transitioned into vacation rentals a few years ago." - Kirby Atwell
"It's a much more automated process [vacation rental properties]. The property stays in tip-top condition, they're cleaned a couple of times a week by our cleaners. So, it's just a model that's much better, in my opinion." - Kirby Atwell
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