About a month ago, my wife Nicole and I were at a wedding for one of our good friends. At our table, I struck up a conversation with a random guy named Victor Mangona. I discovered that Victor and his wife Kate are both doctors and they live in a swanky part of Dallas called Highland Park. Victor and I got to chatting about their adventures in real estate investing as their new side business.
Rental Real Estate
Now, I’ve been very interested in real estate investing for quite some time now. I think it was about 10 years ago when I read Rich Dad, Poor Dad, and afterward I started going coo coo for cocoa puffs with idea rental properties. The concept of owning a property and having someone pay you a steady income stream to live there just sounded like the bee’s knees.
Victor and his wife Kate have taken their super doctor salaries and started to buy a few select homes in the Dallas area that they rent out on a monthly basis as well as using Airbnb.
Before I started chatting with Victor, I didn't know much about Airbnb. I definitely didn't know how much money you could make. The Mangona family is now making enough money to save 75% of their income each month and cover the cost of their mortgage!
I thought the conversation was so interesting that I gave him a call to talk more about it.
Here’s my conversation with Victor about rental real estate and how to make money on Airbnb. Enjoy!
LearnAirbnb: Resource mentioned by Victor to learn the ins and outs of Airbnb
Victor's Email: vmangona “at” gmail.com