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E20 Rob Bergeron - The Future of STR Investing: Mitigating Risk and Finding New Opportunities
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Hello everyone and welcome back to the Farming for Passive Income show where we strive to educate the agricultural community on how to create alternative income streams and diversification through commercial real estate private equity.
Today's guest is Rob Bergeron, a problem solver specializing in helping out-of-state investors invest in Kentucky. His seed is now an abundant tree where Rob reaps its fruits through investing in multiple Airbnbs and properties. He also owns The Louisville Network, which helps clients unload their assignable contracts and source them. Still, with all the success, Rob prefers a cheap and comfortable life and just focuses on empowering himself.
01:50 How He started?
3:15 His thoughts about “Cashflow queen; compounding cash as king.”
06:50 His Airbnb business ideas 08:10 His passion for music
11:40 The number of Airbnbs in his portfolio
13:05 His House hack
15:00 Oversaturation of Airbnbs and how it plays in the markets he’s looking at
17:10 His nursing homes idea
21:50 Zoning and different permits
25:15 “There's just money in anything. It's like finding inefficiencies in the market. So like, on what waste can we make money on it.”
26:15 Opportunities and ideas about buying houses28:20 “Know your buy box, numbers, and business. And never operate outside of those.”
29:10 What is he excited about in the future?
30:40 “Try to buy assets because all that matters right now is just having assets because they're not going anywhere.”
34:45 Takeaway from Rob - People have the potential to enhance their marketability by effectively promoting their unique qualities and abilities.
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