Episode 316: Living Off Rentals with Kirby Atwell

In this episode, we ask: What about short term rentals? Who is Kirby Atwell? What’s Kirby’s story with money? What lessons did Kirby learn? What about the sheep? What happened when Kirby was in the army? What did Kirby read? What did Kirby realize? What is Kirby’s unique model for short-term rentals? What about several...

In this episode, we ask:

What about short term rentals?
Who is Kirby Atwell?
What’s Kirby’s story with money?
What lessons did Kirby learn?
What about the sheep?
What happened when Kirby was in the army?
What did Kirby read?
What did Kirby realize?
What is Kirby’s unique model for short-term rentals?
What about several thousands dollars a month of net cash flow?
What about “the Albany model”?
What about a utilitarian model vs. high end model?
What about competition?
What about traditional or primary markets?
What is the biggest challenge in this model?
What happens throughout the seasons?
What is the situation on the ground right now?
What about interest rates?
What about loan programs for investment properties?
What about service costs for higher price points?
What about small multi-units?
What about structure?
What about DSCR?
What about long-term vs. short-term rental?
What about using a Bank on Yourself® type whole life insurance policy for down payments?
What about leverage?
What are the typical results in these markets?
How did Kirby discover his passion for short term rentals?
What is the worst case scenario?
What about the capacity to have a bigger impact?
What is the First Vacation Rental Investment Blueprint program?
Would you like to start Kirby’s masterclass?
What are the takeaways?
What is DSCR loan?
What about private money?
What about Bank on Yourself® type life insurance policies?

Kirby Atwell served 6 years as an officer in the US Army, after Graduating from West Point Military Academy. While serving in the military he developed a strong interest in real estate, and he bought his first rental property in 2006. In 2011, he left the service to pursue real estate full time. He started his first real estate investment company, rehabbing over 100 properties either to flip or keep as rentals in the Chicago area. Today, Kirby primarily focuses on investing in high-cash-flowing vacation rental properties. He owns a portfolio of vacation rentals in northern Indiana, where he lives on a 45-acre farm with his wife and young kids. He also helps others who work a full-time job to buy and set up their first high-cash-flowing vacation rental through his signature program called The First Vacation Rental Investment Blueprint. Kirby is the host of the Living Off Rentals podcast and YouTube channel.