Podcast: Play in new window | Download
If you think you need a ton of cash and perfect credit to get started in real estate, think again!
In this episode of Where Should I Invest, I’m joined by Donny Wong, a powerhouse investor and property manager who transformed his life from having zero money and terrible credit to thriving in the world of short-term and midterm rentals.
Joining me and co-host Kelly Casimiro as we dive into Donny’s journey, his unique rental arbitrage strategies, and how he built a profitable business without hefty upfront costs.
Donny’s passion for helping others build wealth through creative real estate strategies is infectious. Whether you’re new to investing or looking to expand your portfolio, this episode is packed with practical advice to help you succeed in any market!
Tune in now and take your investment strategy to the next level!
- Rental Arbitrage Mastery: How Donny leases properties and sublets them on Airbnb to generate cash flow, all while offering landlords guaranteed rent and high maintenance standards.
- Pivoting During Market Shifts: Donny shares how he successfully transitioned from short-term to midterm rentals during the pandemic to keep cash flowing.
- Income & Wealth Strategies: Discover why balancing cash flow and net worth is essential for long-term success.
- Networking and Community: Learn how building relationships with landlords and within the real estate community can open doors and new opportunities.
Donny Wong is a dynamic real estate investor and property manager based in Calgary, Alberta. Starting with zero money and terrible credit, he carved a path to success through rental arbitrage and Airbnb management, mastering the art of creating cash flow without significant upfront capital.
Donny’s unique approach focuses on solving landlords’ problems by offering guaranteed rent and high maintenance standards. Known for his “Burger King Strategy”, he strategically positions his properties near successful Airbnb listings, boosting his chances of profitability.
Instagram: https://www.instagram.com/takinlunchmoney
Dalia Barsoum, Streetwise Mortgages – https://streetwisemortgages.com
US Properties – https://www.usproperties.ca
Mid Term Rentals – https://midtermrentalproperties.com
Inspire Beach Resort – https://inspirebeachresort.com
Jamil Rahemtula – https://jamilrahemtula.com
