Having a passive income can unlock the freedom for you to live your true life passions. Today’s guest, Kyle Stanley is a real estate and Airbnb professional in Fresno, CA. In just under 16 months, Kyle has accumulated 22 Airbnb listings. This business gives Kyle the freedom to live life on his terms. Kyle is also passionate about teaching others how to build an Airbnb portfolio like he has through tools like his podcast The Fearless Investor.
I really believe you’ll get a ton of value from this episode, so let’s tune in and learn how Kyle was able to turn his business into a tool to live financially free.
Things you will learn in this episode:
[00:01 - 06:22] Opening Segment
I introduce today’s guest, Kyle StanleyReal Estate and Airbnb in Fresno Teaching others to build a portfolio Head over to https://guestio.com to connect to high-level guestsKyle talks about his early lifeAll about self-competition Dad who was a business owner Mom was a teacher Saw the value of having a business Got into sportscasting The experience in sports broadcasting
[06:23 - 15:37] Don’t Accept Failure as Your Identity
Kyle talks about going into his own business Making more on a side business than the full-time jobLack of appreciation in the job Steps to getting into the entrepreneur space The move to Arizona 3-month trial run Connecting with the right people Deciding to do this NOW Navigating the decision to work for yourself A love of change and challenge One connection can lead me to 400 people Proving I can do this Weighing out the worst-case scenarioKyle’s thoughts on failure and following your dreamLeaving your business doesn’t make you a failure Money can be the tool to live your dream Don’t accept failure as your identity
[15:38 - 25:24] Getting a Passive Income by Being an Action Taker
Kyle talks about the when and why behind real estate Realizing the need for something truly passive Identifying the skills you have The education process and action processLearning from Grant CardoneSeminars and summits Getting the ball rolling with actionThe island analogy Immediately taking action Redirecting yourself Varied timing, Guaranteed successWhat your skillsets can do for you Kyle talks about life goals Building illustration Knowing what you want your lifestyle to look like The vehicle vs. the life goal
[25:25 - 32:39] Airbnb Passive Income
Kyle talks about going into Airbnb How Kyle started Striking passive income Renting and subletting $1,000 on one-bedroom alone$15,500 in 5 months $18,000 - $20,000 net monthly currently Still growing The passive side When everything is in place it’s all added cash flow The biggest risk involved Lowest risk tolerance Owning and managing The importance of analyzing the deal The reward so much higher than the riskThe value of mentorship Another pair of eyes on a deal Mitigating mistakes early on
[32:40 - 36:20] Closing Segment
How to reach out to Kyle Links below Airbnb profit calculator Who you know or What you know? Definitely who - who has become before the what in this businessThe RaNdoM RoUndRemember to upload and tag us on Instagram!Final words
Tweetable Quotes:
“If I wasn’t going to be able to be appreciated, then I wanted to create my own lifestyle and give MYSELF a pat on the back.” - Kyle Stanley
“You’re not a failure if you step away from a business, you’re a failure if you step away from your dreams.” - Kyle Stanley
Resources Mentioned:
The Fearless Investor PodcastChop Wood, Carry WaterCardone Zone PodcastFortitude
You can connect with Kyle on LinkedIn, Instagram, Twitter, and Facebook. Be sure to check out https://www.fearlesskyle.com and assess your deal!
Did you love the value that we are putting out in the show? LEAVE A REVIEW and tell us what you think about the episode so we can continue putting out great content just for you! Share this episode and help someone who wants to connect with world-class people.
Jump on over to travischappell.com/makemypodcast and let my team make you your very own show!
If you want to learn how to build YOUR network, check out my website a travischappell.com. You can connect with me on Facebook, Instagram, and Twitter. Be sure to join The Lounge to become part of the community that’s setting up REAL relationships that add value and create investments.
Check out FranBridge Consulting for premier non-food franchise opportunities: travischappell.com/franbridge
Our Sponsors:
* Check out Kinsta: https://kinsta.com
Learn more about your ad choices. Visit megaphone.fm/adchoices