Short Term Rentals vs. Long Term Rentals with Aaron Fragnito

Passive Wealth Strategy Show - Real Estate for Busy Pros

Through real estate syndication, Aaron helps others passively invest the way wealthy people make and keep their money. Aaron has been involved in RE his whole career. Aaron has over a decade of Real Estate investment experience and is co-Owner of Peoples Capital Group (PCG). Aaron focuses on building relationships with individuals seeking passive returns through NJ real estate and owns over 100 units.

Aaron Fragnito has been a guest on over 30 real estate and investment podcasts such as Cash Flow Ninja ep. 488, Joe Fairless's Podcast Best Ever Real Estate Investing Advise ep 2085, Money Tree Investing March 6th, 2020, The Real Estate Syndication Show Ep. 409, and many more.

Aaron Fragnito is a Co-Founder of Peoples Capital Group (PCG) which holds a $16M portfolio, host of the New Jersey Real Estate Network, host of the Passive Cash Flow Podcast, a licensed NJ Realtor, and a full-time real estate investor. Aaron has completed over 250 real estate transactions, totaling more than $40,000,000 in Real Estate in his career.

Peoples Capital Group (PCG) works with qualified investors to create passive returns through local commercial real estate and short-term rentals. The owners of PCG are experienced in locating discounted apartment buildings for sale in Northern NJ, Southern VT, and implementing a value add strategy to create max returns for their silent investors.

[00:01 - 04:30] Opening Segment

• Get to know Aaron Fragnito
• Aaron shares about himself and Peoples Capital Group

[04:31 - 13:54] Short Term Rentals vs. Long Term Rentals

• Real Estate in Northern Jersey
• Aaron’s short term rentals in 2018
• Cashflow and equity: Stupid little cryptocurrencies and scaling up
• Some things you should do when investing in short term rentals
• “At least we know what we’re dealing with… [with] long term rentals.”

[13:55 - 27:56] Making your Dream Go to Your Pockets

• Aaron talks about state regulations on short term rentals
• Passive investors and their role in short term rentals
• Making people happy 24/7
• Structuring their deals
• DnD: Determining the Demand
• The hardest dollar you’ll ever make in real estate
• Aaron’s advice for you!

[27:57 - 36:42] Closing Segment

• Quick break for our sponsors
  • Groundfloor offers short-term, high-yield real estate debt investments to the general public. Check www.passivewealthstrategy.com/groundfloor/ to get started.
• What is the best investment you've ever made other than your education?
  • A 2013 investment in New York
• Aaron’s worst investment
  • A high-end property with the wrong contractors

• What is the most important lesson that you've learned in business and investing?
  • “Be fast to fire and slow to hire.”
• Connect with my guest. See the links below.

Resources Mentioned:

• AirDNA
• Rich Dad Poor Dad

Tweetable Quotes:

“You just got to know what you’re doing.” - Aaron Fragnito

“If your goals are just to have a good investment, I would go with long term rental properties but diversify, diversify, diversify.” - Aaron Fragnito

“Don’t overpay for the property.” - Aaron Fragnito

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Connect with Aaron Fragnito through Facebook and LinkedIn. Visit their website https://www.peoplescapitalgroup.com/.

Invest passively in multiple commercial real estate assets such as apartments, self storage, medical facilities, hotels and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.

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