Replacing a Mid-Six Figure Income With Short-Term Rentals in Only 6 months | Cale Delaney
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In this episode, I chat with Cale Delaney and we talked about short-term and long-term rentals and different strategies to figure out the quickest way to financial freedom.
Cale Delaney has been investing in real estate for a total of 1.5 years. He bought his first unit in 2006 and now has a total of 10 units (5 LTR and 5 STR). He work right out of college as a Commercial Real Estate Investment Broker (2006-2008) and sold $7M in RE in 1 year. His real estate superpower is discipline.
Key takeaways from this episode:
02:41 - Who is Cale Delaney and how did he get into the path of Real Estate?
09:35 - Cale’s first Real Estate deal
12:04 - How to convert a fourplex or multifamily to short term rental properties
13:18 - How Airbnb and VRBO works to get bookings
14:22 - How to determine a market
24:35 - Financing strategies to acquire properties
32:53 - The advantage and disadvantages of short term rental strategy
37:10 - Occupancy projection and strategies to attain it
40:49 - The downside of short term rentals
Tune in to learn more valuable information from this episode!
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Connect with Guest, Cale Delaney:
Website:www.airbnb.com/p/mtntoseacabinsandcottages
Instagram: https://www.instagram.com/mtn_to_sea_cabins_and_cottages/
Facebook: https://web.facebook.com/cale.delaney
Connect with the Host, Dalyn Hazell:
Facebook: https://www.facebook.com/dalyn.hazell/
Instagram: https://www.instagram.com/dhazell24/
Email: dalyndhazell@gmail.com
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