From a Failed Nightclub Owner To The Action Man of STR and Airbnb

A life-changing phone call

There I was, sitting on my couch, a broke and failed nightclub owner, with a terrible pounding headache from last night’s hangover. I cried my brains out and got super drunk as I was kicked out of my very first business venture that got all screwed up because of a failed business partnership. 

Several years back, I was getting tons of success as a nightclub promoter. I loved talking with people and they loved me back. After seven years of doing so, I decided to invest all my money and savings to open up my very own nightclub.

I was 29, I thought that I made the right choice. After all, my dream was to build my own business as a means to provide more for my family. But when the business partnership went bad, I was left unprotected by any insurance whatsoever and I went home penniless. 

When I woke up the next day, I felt so terrible that I thought I was going to die! But all hope did not leave me. I knew I needed to make a decision. I needed to search for that one thing that can change my life forever. And it came to me through a phone call!

My eyes were opened in real estate

“You should come over, George!” my friend said on the other line. Without even asking why, I drove for four hours and with a few others, we listened to my friend speak. 

He literally opened my eyes with so much possibility in real estate!

This friend taught us about what it takes to build a business, what real real estate was and why we should get into it. Then he talked about perseverance and problem-solving. He encouraged and assured us that we could do it if we put our plans in place, seek some capital, and take action.

I was in awe. I thought, “This is awesome!” I went home a different person.

I freed myself 

The next day, I woke up with life-changing realizations that helped me jumpstart my career in real estate.

First, I realized that my parents did what they can to be the best parents they can be to us. 

Next, I realized that I built my dream of creating my own business for the wrong reasons. I don’t need to be the best provider that Dad never was to us. I only had to work hard to become what I wanted to become. 

So I forgave myself and my Dad. Then I let go of the guilt of not being accomplished enough, of not being a good provider. That’s when I felt so free!

Finally, I thought, “Now, I can become a real estate investor without anything holding me back! It doesn't matter what my past experiences were or whether I was inexperienced in real estate. The 'why' of my goal has been established and this fuels me to strive further.”

I took a deep dive in STR and Airbnb

It took me four months to close my very first real estate deal and it gave me the best feeling ever!

I fixed the property and 110 days later, earned more out of it. I realized the potential of real estate, of what you can do w/o having even $2k in your pocket. Then I found out about wholesale and earned from my first wholesale deals.

I made another life-changing decision- to niche down from the broad real estate to STR and Airbnbs.

Whatever money I earned, I invested it further to my Airbnbs, so I got 2 Airbnbs then 10, then 16 more! I kept on compounding.

Three years later, I’ve gotten 45+ rentals in a relatively short span of time!