How to Invest in Tiny Homes | Short-Term Rentals for Beginners

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This episode with Crystina Cardozo was inspiring! Crystina is an out-of-state real estate investor and math teacher who is on a mission to educate as many families as possible on how to grow and keep generational wealth.

She was first drawn to real estate when she and her husband decided to buy a single family home that they could house hack. They rented out the basement, which ended up covering most of their mortgage. They went on to purchase more properties out-of-state in Pennsylvania, Missouri and Wisconsin, and even turned an RV into a powerful asset.

Listen in as Crystina shares how she was able to earn more from renting out her RV than from her short-term rentals, investing in tiny homes, and the advantage of investing primarily in “drivable destinations”.

Highlights

1) When investing out-of-state, the further away the property, the more dialed in your system has to be. Have a trusted team in place to take yourself out of the equation as much as possible, so that you can better focus on scaling your business.

2) If you own a property for under a year, you could get hit with capital gains. In order to avoid paying these high taxes, you can consider a 1031 exchange.

3) If you’re considering investing out-of-state, learn as much as you can about the market. Join Facebook Groups to hear directly from the local community, interview your realtor thoroughly, and create your team before closing on a property.

How to find her

Instagram – @sherunsthenumbers

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