Building a real estate business is one of the best ways to unlock financial freedom, but that’s not to say that every strategy is the right fit for you. Today’s guest had to strike out multiple times before arriving at the perfect real estate investing strategy!

Like many new investors, Nicole Rutherford got her start in the rental arbitrage space, where she would bring in at least $1,500 per unit each month. But once landlords decided to raise rents and more competition arrived, her profits evaporated and her Airbnb bookings took a nosedive. Suddenly, she was hemorrhaging money. With $130,000 in debt, Nicole was forced to cut her losses and start over. Rather than giving up on real estate investing, however, she simply pivoted to another strategy. Just one year later, Nicole is debtfree and runs a thriving Airbnb cohosting business with fourteen units!

Whether you’re new to the world of real estate or looking to pin down your strategy, there’s plenty of helpful information to glean from this episode. Tune in as Tony and Nicole discuss the differences between arbitrage and cohosting, the different services that cohosts provide, and what to include in your cohosting agreements. You’ll also learn how to leverage your network to find your first clients and how to build trust with property owners!

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Making $140K/Year & Retiring His Wife in 18 Months with “Rental Arbitrage” w/Keron Bryce:
https://www.biggerpockets.com/blog/ro...
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How to Start an Airbnb Business in a Brand New Market:
https://www.biggerpockets.com/blog/ro...
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Rookie Reply: How to Choose Your Real Estate Investment Strategy:
https://www.biggerpockets.com/blog/ro...
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Connect with Nicole:
BiggerPockets: https://www.biggerpockets.com/users/n...
Instagram: @_nicolerutherford_ or   / _nicolerutherford_  
LinkedIn:   / nicolemarierutherford  
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Connect with Tony on BiggerPockets:
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Connect with Tony on Instagram:
Tony: @tonyjrobinson or   / tonyjrobinson  


Show notes at: https://link.chtbl.com/Rookie

00:00 Intro

00:52 $130K Debt from Rental Arbitrage?!

10:27 Finding Real Estate & Arbitrage Mistakes

17:52 Scaling the CoHosting Business

24:45 How to Get Airbnb Clients

31:29 CoHosting Services & Agreements

38:05 “Hot” Markets & Investing “Myths”

41:46 Connect with Nicole!