Small Portfolio Big Cashflow with Kirby Atwell

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.

Checkout: Raising Capital Without Rejection Full-Day Workshop (Online):https://investorattractionworkshop.com/

What you'll learn in just 17 minutes from today's episode: 

• Find an investment portfolio that earns high cash flow but doesn't have tenant issues to deal with
• Learn how a fewer number of properties generates high cash flow
• Discover how his investment portfolio performed well even amidst COVID

Resources/Links: 

• Join a webinar to get to your financial freedom. Click here: https://www.livingoffrentals.com/course

Topics Covered: 

• 01:20 - Military man to real estate guy
• 02:50 - What he started out within his investment portfolio and what he transitioned into
• 05:25 - How he quickly replaced income transitioning from flipping to having rental properties
• 06:42 - What are voucher tenants
• 08:30 - The cash flow from his short-term rentals
• 10:11 - How his properties are doing despite COVID
• 12:28 - What for him is a good number of properties to have to replace a day job income
• 14:51 - Talking about a webinar that's coming up

Key Takeaways:

"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

Connect with Kirby Atwell:

• Website: https://www.livingoffrentals.com/
• Facebook: https://www.facebook.com/groups/LivingOffRentals

Connect with Dave Dubeau: 

• Podcast: http://www.propertyprofitspodcast.com/ 
• Website: https://davedubeau.com/home 
• Investor Attraction Workshop: http://www.investorattractionworkshop.com/ 
• Facebook: https://www.facebook.com/thedavedubeau 
• LinkedIn: http://linkedin.com/in/davedubeau 

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