Millennial Owns 200 Houses, But He Gets Others To Pay For Them: How To Invest In Real Estate While Mortgage Rates Are Sky High
Portfolio Pulse from Adam Eckert
Despite high mortgage rates, real estate investor Sam Primm continues to buy houses using the BRRRR strategy (buy, rehab, rent, refinance, repeat). He increases a property's value through renovations, refinances it under a traditional mortgage, and rents it out, effectively having someone else pay for it. Primm adjusts his strategy as the housing market changes to remain cash flow positive. He also suggests using Airbnb Inc (NASDAQ:ABNB) for short-term rentals if long-term tenancy isn't profitable enough.

October 11, 2023 | 10:42 pm
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Airbnb Inc (NASDAQ:ABNB) is mentioned as a potential platform for short-term rentals if long-term tenancy isn't profitable enough.
The mention of Airbnb in the context of short-term rentals suggests that the platform could see increased usage if investors follow Primm's advice. However, the impact on Airbnb's stock price is uncertain as it depends on how many investors adopt this strategy and the overall performance of the company.
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