425: Rookie Reply: How to Pass Down Generational Wealth & Top Airbnb Amenities

You’re working hard to build generational wealth. But have you thought about a succession plan for your growing real estate portfolio? Today, we’re going to show you several ways to create a better life for your children while reinforcing the values of hard work, sacrifice, and entrepreneurship!   Welcome back to another Rookie Reply! Want to get more Airbnb bookings? In today’s episode, we’ll show you how to choose short-term rental amenities that will improve your bottom line. We also dive into seller financing and how to make your lender whole if you need to sell the property. We even discuss a unique type of real estate business that allows you to make a huge profit without owning any property. Finally, should you ever buy rental property if it won’t cash flow on day one? Stay tuned to find out! If you want Ashley and Tony to answer a real estate question, you can submit a question here, post in the Real Estate Rookie Facebook Group, or call us at the Rookie Request Line (1-888-5-ROOKIE). In This Episode We Cover How to create generational wealth through real estate and pass it down to your children A “unique” real estate business that lets you make money without owning rentals How to choose amenities that will help you get MORE Airbnb bookings Whether you should ever buy a rental property that won’t cash flow right away Seller financing explained and how to make your lender whole if you sell a property And So Much More! (00:00) Intro (00:44) Passing Down Generational Wealth (10:05) Choosing Airbnb Amenities (15:28) Seller Financing 101 (19:33) Making Money Without Rentals (26:49) Does It NEED to Cash Flow? (32:42) Send Us Your Question! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-425 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices