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How many times do you need to hear from us that STRs are a reliable way to massive real estate profits? Our guest, Michael Elefante, is yet another example of how someone can quickly scale with short-term rentals, even in a hot real estate market. Michael started as a college baseball athlete, but when it wasn’t picked up by any of the majors, he had to scrap to make ends meet. His first best idea was to apply for Chick Fil-a, but he wasn’t even able to get a job there! He had to settle for a position at Dunkin’ Donuts, and then eventually an entry sales position in Dallas, Texas. It didn’t take long from there for Micahel to realize that a change was needed. Michael purchased his first STR in 2020, and his current portfolio stands at 6 STRs total that gross him about $100k in revenue per month. Michael also owns a property management company that manages early 100 properties for other investors. Michael took the time to share with us all of his insights on the STR business. If you’re ready to get started in STRs, or even expand upon your current knowledge, this is the episode for you. Don’t miss out!
You can connect with our guest on Instagram @melefante6.
Do you have any questions you'd like for us to answer on the show, or a success story you'd like to share? Shoot us an email to info@TheRealFI.com and we'd be happy to connect with you. And If you haven’t done so already, please leave us a glowing 5 start review on your podcasting platform–it would really help us out!
You can connect with you hosts on instagram:
James on Instagram: @James_Rippeon
Patrick on Instagram: @RentalPropertyCouple
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