A 34-year-old who achieved financial independence and quit his day job after setting up 2 bachelorette-themed Airbnbs in Scottsdale explains how he uses data to find 'outsized opportunities'
To find a market to invest in, he looked at rental demand using AirDNA.When the pandemic hit in 2020, Kent He spent his newfound free time learning about real-estate investing.
Based on his research, he was convinced that the short-term rental route could produce the highest cash flow. Less than a year later, in February 2022, they purchased a similar property in Scottsdale that they also designed specifically for bachelorette trips. Insider verified He's property ownership, which also includes an affordable housing rental in Alabama and his primary home, by looking at his closing statements and quit-claim deeds.By June 2022, the cash flow from He's two Airbnb units was enough to cover his family's expenses and he quit his day job to go all-in on real estate.
Scottsdale met all of his criteria, including the rental demand score. In 2021, when he first started looking at markets,"the demand was right around 66 to 68," he noted..
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