<a href="https://www.instagram.com/theshorttermshop/?hl=en" rel="noopener noreferrer" target="_blank">Avery Carl</a> is the go-to contact for short-term rental investing. Her business, <a href="https://theshorttermshop.com/" rel="noopener noreferrer" target="_blank">The Short Term Shop</a> and <a href="https://mortgageshop.co/" rel="noopener noreferrer" target="_blank">The Mortgage Shop</a> not only helps find properties and secure loans for prospective short-term rental investors but also helps guide investors through their first <a href="https://www.biggerpockets.com/blog/times-year-buying-selling-vacation-rental" rel="noopener noreferrer" target="_blank">vacation property purchase</a>. While this type of property can be a cash flow king, it also takes more management and a bit more time upfront to get the system oiled and operating smoothly.Since we last talked to Avery, she’s quadrupled her portfolio from twenty-something short-term units to ninety-six units, sixty-one of which are <a href="https://www.biggerpockets.com/blog/jump-to-large-scale-multifamily" rel="noopener noreferrer" target="_blank">large multifamily properties</a>. Avery gives an in-depth analysis on why short-term rentals should hold a place in every investor's asset collection, and the common pitfalls investors go through when purchasing their first <a href="https://www.biggerpockets.com/blog/analyze-short-term-rental" rel="noopener noreferrer" target="_blank">short-term rental</a>.If you’d like to learn more about building wealth through short-term rental investing, grab Avery’s brand new book <a href="https://store.biggerpockets.com/products/short-term-rental-long-term-wealth" rel="noopener noreferrer" target="_blank">Short-Term Rental, Long-Term Wealth</a>!In This Episode We Cover:Why having short-term rentals can help real estate investors <a href="https://www.biggerpockets.com/blog/2015-06-21-internal-controls-mitigate-risk" rel="noopener noreferrer" target="_blank">mitigate risk</a>How Avery added over seventy more doors to her portfolio in under two yearsThe wrong vs. the right questions to ask when buying a short-term rentalThe five things people need to avoid when making their first STR purchaseWhy you may want to “bear-proof” your next cabin in the woodsNot being afraid to <a href="https://www.biggerpockets.com/blog/fear-of-asking-questions" rel="noopener noreferrer" target="_blank">ask questions when investing</a>Why you should buy Avery’s new book Short-Term Rental, Long-Term WealthAnd So Much More!Links from the Show<a href="https://www.biggerpockets.com/forums" rel="noopener noreferrer" target="_blank">BiggerPockets Forums</a><a href="https://www.biggerpockets.com/youtube" rel="noopener noreferrer" target="_blank">BiggerPockets Youtube Channel</a><a href="https://www.biggerpockets.com/blog/biggerpockets-podcast-364-avery-carl" rel="noopener noreferrer" target="_blank">BiggerPockets Podcast 364: Snowballing 6-Figure Short-Term Rental Profits Into Passive Investments with Avery Carl</a><a href="https://www.biggerpockets.com/publish" rel="noopener noreferrer" target="_blank">BiggerPockets Publishing</a><a href="https://www.biggerpockets.com/store" rel="noopener noreferrer" target="_blank">BiggerPockets Bookstore</a><a href="https://www.airdna.co/" rel="noopener noreferrer" target="_blank">AirDNA</a><a href="https://pricelabs.co/signin" rel="noopener noreferrer" target="_blank">PriceLabs</a><a href="https://www.airbnb.com/" rel="noopener noreferrer" target="_blank">Airbnb</a><a href="https://www.vrbo.com/" rel="noopener noreferrer" target="_blank">Vrbo</a><a href="https://www.facebook.com/marketplace" rel="noopener noreferrer" target="_blank">Facebook Marketplace</a><a href="https://turo.com/" rel="noopener noreferrer" target="_blank">Turo</a><a href="https://www.realtor.com/" rel="noopener noreferrer" target="_blank">Realtor.com</a><a href="https://www.vacasa.com/" rel="noopener noreferrer" target="_blank">Vacasa</a><a href="http://craigslist.org/" rel="noopener noreferrer" target="_blank">Craigslist</a><a href="https://www.amazon.com/" rel="noopener noreferrer" target="_blank">Amazon</a>Check the full show notes here: https://biggerpockets.com/show517See Privacy Policy at <a href="https://art19.com/privacy" rel="noopener noreferrer" target="_blank">https://art19.com/privacy</a> and California Privacy Notice at <a href="https://art19.com/privacy#do-not-sell-my-info" rel="noopener noreferrer" target="_blank">https://art19.com/privacy#do-not-sell-my-info</a>.

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517: 5 Pitfalls When Buying These “Crazy Cash Flow” Properties

BiggerPockets Real Estate Podcast