• Ep 202 - Creative Finance for STRs - From Zero to 180 Doors with Lame Kinikini

  • Aug 12 2024
  • Duración: 53 m
  • Podcast

Ep 202 - Creative Finance for STRs - From Zero to 180 Doors with Lame Kinikini

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  • Resumen

  • Mike and E discuss essential mindset shifts for success in real estate with guest Lamé Kinikini. Lamé, a seasoned expert in creative finance and property management, shares his journey from door-to-door sales to managing 180 doors and scaling a thriving short-term rental business. The discussion covers actionable strategies for building systems, raising capital, and leveraging the power of creative finance to acquire properties at favorable terms. Lamé emphasizes the importance of mindset, effective communication, and building strong business processes to achieve long-term success in the short-term rental industry. 00:00 Introduction and Mindset Shifts 00:20 Podcast Welcome and Host Introduction 00:33 E's Italy Experience 01:18 Book Recommendation: The Power of Awareness 02:44 Upcoming Live Training Announcement 04:34 Guest Introduction: Lama's Journey 06:22 Lamé's Real Estate Beginnings 09:41 Scaling with Creative Finance 14:47 Team Structure and Operations 19:44 Creative Finance Explained 24:18 Join the STR Secrets Facebook Community 26:12 Playing Devil's Advocate: Addressing Skepticism 27:00 Overcoming Obstacles in Real Estate Deals 29:04 Understanding Sub2 Transactions 33:20 Building Credibility with Sellers 41:23 Raising Capital for Real Estate Investments 51:00 Secrets to Success in Short-Term Rentals 52:53 Final Thoughts and Farewell Lame Kinikini's Bio Lame Kinikini is the founder and CEO of Elk Ridge Management and is a creative finance expert and real estate entrepreneur. He has quickly become one of Utah’s leading real estate leaders, building the company into an 8-figure business in under 3 years. ERM specializes in all things short-term rentals and currently manages a portfolio of 150+ doors. Lame considers himself a serial entrepreneur having now started to build out other complementary businesses to the STR space which include Capital Funds and Turo, while working towards the goal of having unlimited time to spend time with his wife and 3 kids. Connect with Lame https://www.instagram.com/hailamek?igsh=MWNudGZyYzRhbmhwZA%3D%3D&utm_source=qr Learn more about your ad choices. Visit megaphone.fm/adchoices
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