Today's guest is George Salas, He is the CEO & Founder of Empress Capital, a Real Estate Investment firm where he focuses on short-term rentals. He is also an inspirational speaker, fund manager, and short-term rental investing coach.
In this episode, George talks about how his upbringing in extreme poverty in Peru inspired him to pursue a profession in hospitality at first. Eventually, he made the move into real estate, losing money on his initial investment before succeeding in the market for short-term rentals.
He describes how his business turns mid-sized single-family homes into opulent rental properties and uses innovative financing techniques to set itself apart in the increasingly crowded market. He challenges investors to conduct due research and debunks the misconception that investing in the stock market is the safest and most reliable way to build long-term wealth.
Episode Topics
[00:48] Meet our guest, George Salas
[03:25] Venturing into Hospitality and Event Management
[08:33] Success with Short-Term Rentals and Growth
[14:57] Lessons from First Real Estate Investment
[23:46] Understanding the Concept of True Diversification
[32:04] Creating a Niche in Short-Term Rentals
[41:50] What is one red flag every investor should look out for?
[42:32] What is a myth about the real estate business?
[44:00] Connecting to George
Notable Quotes
Connect with George Salas
👉 Connect with Tim
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https://podcasts.apple.com/us/podcast/journey-to-multifamily-millions/id1634643497