Jumpstarting Airbnb Career from College with Bailey Kramer - Episode #185

Real Estate Experiment

Bailey is a Real Estate Investor, a young budding Entrepreneur, and a college drop-out. He started his career at just the ripe age of 20 while studying, taking calls and reservations in the middle of class. He began to ask ‘why?’ when he’s earning so much already. Bailey was one semester away from graduating college then he decided to drop out. It’s an incredible story. No one approved, especially his parents. There was so much uncertainty getting into real estate at his age, and of course a college degree naturally felt like a safer, more necessary option.
This decision ended up taking him to great success and he credits it all to networking. Bailey didn't have the knowledge, he started from scratch but with the courage to take that one step forward without any guidance, he found & created connections that got him to where is today. If it’s already difficult to network as an adult, it’s twice as difficult to do as a college drop out. But again, Bailey made it work. In this episode, Bailey tells his story on how networking is very crucial. He also shares real life proof of how he did it and everything else he’s learned and improved on since starting, from STR, to financing, to price experimentation.
This talk at the lab with Bailey will show us what networking means to him, and why it's so important. He believes that without networking, you wouldn’t have the experience or knowledge to know what you need and want with whatever industry you are in. Bailey is a living, breathing proof that networking is not only a concept but actually a necessary foundation to build great success upon. So let's get your pen and paper, listen, and let’s build y’alls network.

HIGHLIGHTS OF THE EPISODE:

8:24 - Thought process

14:57 - Networking as a student

16:49 - Reaching out to podcasts guest

KEEPING IT REAL:

2:38 - Bailey's Story

3:07 - Rich Dad Poor Dad

6:09 - How did you manifest your vision

11:16 - Feedback from decisions

12:17 - Before and After doing Real Estate

21:48 - Who introduced you to real estate

24:25 - Short Term Rental

29:33 - Financing the property

31:32 - House Rehab duration

34:12 - Price Experimentation

37:37 - Setting the minimum

42:02 - Plans for the future

43:01 - Co-hosting Properties operations

48:57 - Future Projections

NOTABLE QUOTES (KEY LESSONS):

15:12

“I don't have enough money. I don't have enough credit score. I don't have experience with all those things. [But] If you just find people who have those things, your issues are solved” - Bailey Kramer

CONNECTING WITH THE GUEST

Instagram: https://www.instagram.com/the_bailey_kramer/?hl=en

LinkedIn: https://www.linkedin.com/in/bailey--kramer/

Website: https://www.baileykramer.com/

#network

#podcast

#realestate