Ep 22 - Financially Free at 9 STR Units Using Creative Financing with Scott & Heidi Huggins

Published: Oct. 19, 2020, 1 p.m.

b"GUESTS BIO\\n\\nScott Huggins - Buy\\u2019s apartment communities in strong economic markets in the Southeast. We have over 21 years of experience in real estate investing. We are experts in short term rentals (STR) and 4 time Airbnb Superhost and recently earned Airbnb's highest status as AirPlus designated host.\\n\\nHeidi Huggins - Heidi Huggins is a successful Realtor working with one of the top real estate firms in the nation. She also is working toward partnering with investors for commercial and multi-family units. After personally flipping many single-family homes and working on the residential side of the market she has learned the ins and outs of what it takes to turn a lifeless house into a beautiful place a family can enjoy and call home. Heidi also just ventured out and recently took 5 of her residential flips and turned them into a fantastic STR property. Wanting to always go to the next level, she is going into purchasing apartment buildings and other commercial properties from emerging market areas. She is striving to bring more value to renters. \\u201cPeople want to feel safe and feel good when they go home after a long day of work or school. I want to create that space they will love to come home to. My vision is to tell my story all over the world and become a life-changing speaker and coach. \\u201cI have to give back because so much has been given and given back to me.\\u201d\\n\\nHIGHLIGHTS OF THE EPISODE\\n\\n03:06 \\xa0Scott and Heidi\\u2019s Introduction.\\n\\n04:09 \\xa0Scott and Heidi\\u2019s background and how they got into short term rentals.\\n\\n05:14 \\xa0First deal walkthrough.\\n\\n06:07 \\xa0Creative financing at a high level.\\n\\n08:29 \\xa0Some lessons that helped them get to 9 units.\\n\\n10:17 \\xa0How they manage some of their property units.\\n\\n11:39 \\xa0How they structure their acquisition fees for their agents.\\n\\n12:42 \\xa0Using agents for any type of deals.\\n\\n13:25 \\xa0What investor relations look like for Scott and Heidi.\\n\\n16:49 \\xa0How they\\u2019re targeting properties to short term rent.\\n\\n18:45 \\xa0Scott and Heidi\\u2019s primary strategy right now.\\n\\n20:44 \\xa0Using a multiple offer approach to build your STR portfolio\\n\\n22:10 \\xa0Where do they see the short-term industry in the next couple of months from now?\\n\\n23:11 \\xa0What they did when COVID hit.\\n\\n24:46 \\xa0How they find relocation, placement agencies, and insurance agencies to work with?\\n\\n26:32 \\xa0How has Scott and Heidi\\u2019s operation evolved and types of systems they use?\\n\\n31:08 \\xa0How dispersed are their 9 units?\\n\\n32:15 \\xa0How do they pay their employees?\\n\\n33:04 \\xa0An Airbnb ninja cleaning fee tip!\\n\\n35:03 \\xa0Their high-end storage unit.\\n\\n36:16 \\xa0Doing short term rentals is more fulfilling.\\n\\n38:55 \\xa0Some great things that happened this year.\\n\\n39:56 \\xa0\\u201cWe were doing everything.\\u201d\\n\\n41:17 \\xa0Where can we learn more about Scott and Heidi Huggins?\\n\\n41:44 \\xa0Their number 1 secret to success for short term rentals.\\n\\n43:03 \\xa0Watch out for our Halloween special soon here on the Short Term Rental Secrets!\\n\\n\\n\\nCONNECTING WITH THE GUESTS\\n\\nWebsite: https://www.stayfuncharleston.com/book\\n\\n\\xa0Email: Scott@stayfuncharleston.com\\n\\nLearn more about your ad choices. Visit megaphone.fm/adchoices"