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Daniel Wiafe is a real estate entrepreneur, coach, TV personality who was featured on HGTV’s Flipping the Heartland with his wife Melinda Wiafe & son, Malachi. Daniel got started flipping houses in Tulsa, OK and is know a real estate entrepreneur and a wholesaling real estate coach.
In this house flipping & wholesaling real estate educational video, you’re going to learn the following:
I recently went on vacation to San Diego, CA with my family. While down there we rented a 2 bedroom condo about 900 sqft that was located by Mission Beach and Sea World (in a prime vacation getaway spot). The hostess/landlord who owned the property charged slightly over $1,000 for 4 nights.
I got into discussions with her what her thoughts were concerning renting out her condo on AirBnB (a website that allows you to act like a “hotel” and rent out your whole house/apartment/condo or room to guests for a daily or weekly charge).
She LOVED airbnb.com and stated that she makes roughly 3 times the amount of rental income by renting it out short-term… than if she would rent it out the traditional way to long-term tenants.
SO that got me to thinking… I could buy a condo in Las Vegas by the Strip (prime area). I could also buy a condo in San Diego, since it’s our goal to buy a summer home in San Diego… and spend 3 months during the summertime out in San Diego to escape the Las Vegas desert summers.
But my biggest questions were this — would it be worth it?