Investor Hacks for Short term Rentals and Investing in the U.S. with Donalta Hall

Black Wealth Effect

When it comes to real estate investing, wealth creation is a sure thing, but hard times are also inevitable. It gets even more difficult when you're alone and have no one to talk to about it, especially when you're just getting started because it sometimes takes time to figure things out on your own.

How do you get started and navigate your way to real estate investing success?

In this episode, Donalta Hall unpacks how to get it done with the wisdom she shares, knowledge, insights, and the best strategies to succeed in your real estate investing business.

As someone who is big on mentorship and whose business is greatly impacted by it, she couldn't stress more the reasons why you have to seriously consider it.

For someone just starting out on their investment journey and with little capital available to invest, she has recommendations on how you can start with affordable markets and strategies that will help you excel.

Due to her expertise in market trends and data analysis, she discusses what lies ahead in the market and where investing stands as the year 2022 progresses. This way you get to find out which investment strategies generate steady and strong cash flows and maximize revenue generation for you.

She talks about her short and medium-term rental investments and how she attracts that market.

Also, have you ever considered investing in the US? Donalta provides specific reasons why you should consider it, but also warns that you will face some challenges and provides tips on how to overcome them.

What you will learn from this episode:

• Hear what immense value mentorship contributes to solidifying your mindset, helping you scale and grow your real estate investing business.
• Understand strategies that will help you find opportunities that will see you through the hard times where others only see misfortunes.
• Discover helpful tips regarding off-market deals, employing power teams and partners, having a sound system in place, and taxes.

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With a passion for design and luxury hospitality, Donalta Hall and her partner run a 5 star corporate and vacation rental management company. In the past 15 years, she purchased and managed dozens of properties across southern Ontario.

Donalta specializes in strategically maximizing rental revenues using a combination of long, mid and short-term rentals. By combining functional modern living spaces with quality guest services, she delivers memorable experiences to guests and high-value returns to investors.

Connect with Donalta Hall:

• Website: https://bunkerliving.ca/
• Instagram: https://www.instagram.com/donaltahall/
• Facebook: https://www.facebook.com/groups/697379604966774/

Connect with Mario Griffiths:

• Facebook: https://www.facebook.com/marioginvest
• Instagram: https://www.instagram.com/marioginvest/
• LinkedIn: https://www.linkedin.com/in/mario-griffiths
• Website: https://www.mariogriffiths.com/

Connect with Ron Christopher:

• Instagram https://www.instagram.com/ron.investor/

Topics Covered:

01:52 - Donalta's professional background 04:18 - Travel junkie at heart 05:39 - A win-win solution for purchasing her first property and increasing her credit score 09:18 - Finding value in mentorship 14:54 - Seeing market and business opportunities amidst the pandemic [how Bunker Living started] 17:20 - Differentiating short-term, medium-term, and long-term rentals 19:20 - Attracting medium-term rental market opportunities 21:11 - Discussing data analysis and market trends happening for the rest of the year 2022 and what you can expect 25:17 - Exit strategies you can do to pivot your business during harder times 27:11 - Helpful tips when it comes to off-market deals, employing power teams and partners, having a sound system in place, and taxes 31:45 - Action steps you can do to help in the initial investment of your property even with little or no capital 34:01 - Investment opportunities in the USA 37:05 - Is it hard to invest in the US? 39:38 - The challenging part of investing in the US and how to overcome it 42:31 - More helpful tips to help you invest in the US

Key Takeaways:

"That's why I advocate for mentorship because once you start immersing yourself in a new community, in a new group, a few things happen, and you change your reality." - Donalta Hall

"I want people to know that they can do it. But don't do it on your own. Everything is harder when you're doing it by yourself." - Donalta Hall

"You can't do everything yourself. One of the things I do is invest in multiple markets, and I have teams in each market." - Donalta Hall

"If you want to get started and don't have a lot of capital and resources, there are still affordable markets. I'm a believer in small multi-units if you can. One thing that makes a difference for me is that we have a secondary suite in our primary residence, and we rent that on Airbnb. That's one thing you can do to become financially free." - Donalta Hall

“Going into a recession, it's always a good idea as a lot of my mentors have taught me that the popular idea is to go into buy and hold for a few reasons. As people can't afford their homes. As an investor, you got to pick that up at a lower price.” - Donalta Hall

“Large multifamily tends to do really well in a recession. But that still holds true for single family homes, if you buy it at a good price, and are able to rent it out.” - Donalta Hall