How do you achieve success in real estate from another country? In today’s episode, we’re going to dive into them! Tim Hubbard manages a portfolio of real estate in several US cities with a focus on short-term rentals. He and his team have accommodated over 15,000 guests using systems that have allowed them to oversee everything from his home in Colombia, South America. In the past, he worked as a commercial real estate broker in Northern California and he also holds a degree in International Business and an MBA from UC Davis.
[00:01] – [03:00] Opening Segment
- Let’s get to know today’s guest, Tim Hubbard
- Reading Rich Dad, Poor Dad and going his way in real estate
- How Tim scaled his lifestyle without increasing his workload
[03:01] – [09:41] STR's and Living Out of Country
- How the Bank Looks at Short Term Rentals
- Building a Team Miles Away and Managing Them
- Virtual and On-the-Ground Teams
- Finding the Connection between Travelling and Real Estate
- Short Term Rental in 2020
- Inflation, Short-Term Rentals, and Repricing
[09:42] – [15:14] Achieving Freedom through STR
- Financial Freedom Achieved
- Why housekeeping is the hardest challenge
- Everything is easier and lucrative in the US
- Tim’s Favorite Places in the World
[15:15] – [18:20] Final Four Segment
- What Tim would invest in with only $20,000
- Buy a small multifamily as a residence
- How Tim would help in a real estate mistake
- Not budgeting enough money for a property: Thoroughly examine the property
- Tim’s way to make the world a better place
- Teaching through his podcast
- Reach out to our guest – see links below
- Final words
Resources Mentioned
Tweetable Quotes
“It didn’t matter if I was a hundred miles away or a thousand miles away.” – Tim Hubbard
“Demand is coming back with a vengeance.” – Tim Hubbard
“Don’t be intimidated by short term rentals.” – Tim Hubbard
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Connect with Tim Hubbard through tim@midtownstays.com. Check out his podcast Short Term Rental Riches and his website http://www.restmethods.com and delve into the world of short-term rentals.
Connect with me:
I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns.
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Email me → sam@brickeninvestmentgroup.com
