Why You Don't Need Superpowers to Start Investing in Short-Term Rentals

If you’re unsure about how to start investing in short-term rentals, run the numbers. It’s that simple. Once you run the numbers, you’ll have clarity on which decisions to make and tangible reassurance that you made the right ones. Today’s guest, actress Brec Bassinger, shares how focusing on the numbers has given her the confidence to become the successful investor she is today.
Brec’s name may sound familiar to some of you. She’s been the star of Bella and the Bulldogs and the new hit show, DC’s Stargirl. Brec’s interest in real estate began after a trip to Big Bear with her boyfriend when she realized the earning potential of short-term rentals. She decided to buy a condo and had her first short-term rental within six months. The speed at which she got her first deal may seem intimidating, but Brec’s confidence came from the numbers she calculated and the profits she knew she could make.
During her first season of Stargirl, Brec had to share a small apartment with her coworker because that’s all she could afford with her fluctuating income. Now she makes more money by living in an expensive high-rise apartment while renting out her old space. Real estate has allowed Brec to supplement her fluctuating income without a W-2 and the freedom to live the life she wants. And even though she plays a superhero, her story proves that you don’t have to be one to invest in real estate.
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Join the Real Estate Rookie Facebook Group:
/ realestaterookie
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Register for BPCon 2022 in Sunny San Diego:
www.biggerpockets.com/bpcon20...
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Use the BiggerPockets’ Calculators to Run the Numbers & Make Profitable Investments:
www.biggerpockets.com/investm...
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Listen to Episode 109 with Multi-Unit Landlord Nick Cooley:
www.biggerpockets.com/blog/ro...
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Rental Property Numbers So Easy You Can Calculate Them on a Napkin:
www.biggerpockets.com/blog/re...
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14 Expert Tips to Get Loans Approved:
www.biggerpockets.com/blog/ge...
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Follow Brec on Instagram:
@brecbassinger or / brecbassinger
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Check Out Brec on the CW’s Stargirl
www.cwtv.com/shows/stargirl/v...
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Connect with Ashley and Tony on BiggerPockets:
Ashley: www.biggerpockets.com/users/e...
Tony: www.biggerpockets.com/users/t...
Episode 197
Show notes at: www.biggerpockets.com/blog/ro...
00:00 Intro
05:03 Deciding to Invest After Realizing Potential Profits
13:24 Run the Numbers & Become More Profitable
18:52 Financing Her Deals
26:04 Rookie Deal Review
39:43 Her Plans for Future Investments
43:37 Rookie Exam
45:35 Rookie Request Line
49:34 Rookie Rockstar
#biggerpockets #realestaterookiepodcast #ep197

[@jorge_cajamarca_rei]

STR's are a great way to bring in cashflow and appreciated better than ltr

[@randomsonmymind6919]

Real estate investors have all kinds of personalities and backgrounds. So cool!

[@ruthzacarias2142]

this is completely besides the point but Ashley’s voice is so good to hear, she always sounds energized and healthy

[@streakingclothed]

This was great! She's so cool too!

[@richardjudge2322]

Thanks for sharing Brec Bassinger good stuff

[@scooter10421]

Great content. I really like the BiggerPockets' Calculators.

[@Multifamilystrategy]

Brec is the best!

[@Ukaran]

She seems too perfect.

[@DionTalkFinancialFreedom]

Great info.
Thank you 😀

[@Ukaran]

My god, she is a successful actress, a successful real state investor, and wanna start her own company! Talk about a talented and ambitious overachiever! And she looks so young too... Jesus!

[@guaponguap383]

This is awesome... I would love to see more actors/actresses in the real estate space!

[@bsmarsch]

I'm a fan of her show, and the podcast, so this is an fun convergence.

[@josiahhein6036]

This was a cool show. I like how she knew just enough to get in trouble, then jumped into action 😄

[@untalentedthe]

Great title, btw!

[@bootburner4544]

48.10 Is it important to preface every question or interaction with your Bank with a "Hey ..." ? 😄

[@dhowto3005]

Interesting episode.

[@nchoal]

But how do you run the numbers? Where do you get the info?

[@CharlieCoopertv]

Loved this so much! I feel so empowered!

[@Wendyybabbyy]

What’s step by step of analyzing the market? Like how do you choose a market ?

[@joshgambino]

it's so awesome to see so many people invest in real estate. i can't wait

[@richardjudge2322]

Have no fear.

[@keaneng779]

42:49 😳

[@ronbrendag7131]

Self employed people can have an entity that owns their business and can take a W2 salary from it.

[@dpowell964]

Working on STR in tiny houses.

[@MrKeaneNg]

Yep, I have a few I’m firing up now

[@Youtube_ban_me]

This girl got a loan because of white privilege lmao jkjk