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Ep 202 - Creative Finance for STRs - From Zero to 180 Doors with Lame Kinikini
Description
Mike and E discuss essential mindset shifts for success in real estate with guest Lamé Kinikini. Lamé, a seasoned expert in creative finance and property management, shares his journey from door-to-door sales to managing 180 doors and scaling a thriving short-term rental business. The discussion covers actionable strategies for building systems, raising capital, and leveraging the power of creative finance to acquire properties at favorable terms. Lamé emphasizes the importance of mindset, effective communication, and building strong business processes to achieve long-term success in the short-term rental industry.
00:00 Introduction and Mindset Shifts
00:20 Podcast Welcome and Host Introduction
00:33 E's Italy Experience
01:18 Book Recommendation: The Power of Awareness
02:44 Upcoming Live Training Announcement
04:34 Guest Introduction: Lama's Journey
06:22 Lamé's Real Estate Beginnings
09:41 Scaling with Creative Finance
14:47 Team Structure and Operations
19:44 Creative Finance Explained
24:18 Join the STR Secrets Facebook Community
26:12 Playing Devil's Advocate: Addressing Skepticism
27:00 Overcoming Obstacles in Real Estate Deals
29:04 Understanding Sub2 Transactions
33:20 Building Credibility with Sellers
41:23 Raising Capital for Real Estate Investments
51:00 Secrets to Success in Short-Term Rentals
52:53 Final Thoughts and Farewell
Lame Kinikini's Bio
Lame Kinikini is the founder and CEO of Elk Ridge Management and is a creative finance expert and real estate entrepreneur. He has quickly become one of Utah’s leading real estate leaders, building the company into an 8-figure business in under 3 years. ERM specializes in all things short-term rentals and currently manages a portfolio of 150+ doors. Lame considers himself a serial entrepreneur having now started to build out other complementary businesses to the STR space which include Capital Funds and Turo, while working towards the goal of having unlimited time to spend time with his wife and 3 kids.
Connect with Lame
https://www.instagram.com/hailamek?igsh=MWNudGZyYzRhbmhwZA%3D%3D&utm_source=qr
Connect with the Hosts
Michael Sjogren: Short Term Rental Secrets Facebook Group | Clubhouse | Instagram | Youtube | Facebook Page | Linkedin
Emanuele Pani: Clubhouse | Instagram | Facebook | Linkedin
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