There are various opportunities to find “hidden” real estate deals in the current housing market, even for new real estate investors. Avery Carl, a guest on the Real Estate Rookie podcast, shares her tactics for finding these deals, particularly in the vacation rental market. She emphasizes the importance of carefully analyzing real estate listings, as they often contain errors that can lead to buying properties below market value. By paying attention to clues in the listings, investors can identify properties with potential for financial freedom.
Avery also discusses the significance of choosing the right Airbnb market. Instead of trailblazing in unproven markets, she advises investing in saturated areas with high tourism demand. These markets have an established vendor network and are more likely to yield successful short-term rental properties. Avery cautions against over-amenitization, recommending that investors focus on creating a cohesive and appealing aesthetic with high-quality furniture and decor choices.
In terms of finding deals, Avery shares a success story where a client purchased three properties on the same parcel for a lower price than comparable properties. The properties were listed as a three-bedroom, a three-bedroom, and a five-bedroom, but were actually three individual houses with their own pools. By recognizing the discrepancy in the listing and negotiating the price, the client obtained a great deal.
When it comes to market selection, Avery advises investors to choose a market that aligns with their goals and preferences. She emphasizes that there is no one-size-fits-all market and encourages investors to conduct their own research and consider their own knowledge and experiences. Avery also highlights the importance of understanding local regulations and ensuring that all the pieces fit together before making an investment.
Overall, Avery’s insights provide valuable guidance for real estate investors looking to find hidden deals and succeed in the short-term rental market. By combining careful analysis, market knowledge, and a strategic approach, investors can uncover profitable opportunities and achieve their financial goals.
