Episode 34 - She QUIT her 6 Figure Tech Job?! (See why HERE!)🤔
This episode is for you if:
• You’re interested in diving into the midterm rental market and want to learn the ins and outs of turning real estate into a profitable business.
• You’re a property owner considering adding extra income through renting ADUs, tiny homes, or prefab units.
• You want insights into navigating property management, tenant challenges, and the mindset shifts needed for real estate success.
Vivian Yip is back on the pod, bringing her wealth of knowledge and experience in real estate investing to help you unlock the potential of midterm rentals. In this episode, she shares actionable strategies for creating high-income rental opportunities, leveraging corporate rentals, and maximizing the value of your properties. If you’re looking to expand your real estate investments or step into the midterm rental market, Vivian’s insights are exactly what you need!
Stephen and Vivian talked about:
0:00 — Real Estate Journey Begins
7:04 — Flipping Houses: Tips and Lessons
11:29 — Wake Surfing and Lake Travis
13:41 — Corporate Rentals USA: Business Overview
18:56 — Midterm Rentals: Strategies and Challenges
22:43 — Building a Midterm Rental Business
26:05 — Networking and Research for Success
27:13 — A Suspicious Rental Application
28:04 — Red Flags and Verification Issues
30:06 — Lessons from Almost Getting Scammed
33:46 — Midterm Rental Insights and Tips
40:02 — Challenges and Learning Experiences
48:38 — Public Speaking and Personal Goals
52:55 — Final Thoughts
TRANSCRIPT
∎ Teaser / Highlighted Clip
[Vivian Yip] (0:00 - 0:16)
Forego the privacy, who cares? Let someone else pay your mortgage. I just looked at myself in the mirror.
I was like, oh, this is like what my life is going to look like for the years to come. And I didn't want to do that anymore. I was like, I have to make a change.
Otherwise, I'm accepting my circumstances.
[Stephen Husted] (0:17 - 0:29)
You don't need to be super experienced in the beginning. You need to know how to do a ton of research and execute. And it's all out there because there's people in front of you that have already gone through the issues that you're currently going through.
[Vivian Yip] (0:30 - 0:37)
Yeah. It's not an infinite wealth game where you're just going to keep winning. It's about when you lose, right?
Everybody's going to lose.
[Stephen Husted] (0:37 - 0:37)
Yeah.
[Vivian Yip] (0:37 - 0:40)
The only thing guaranteed is the amount of effort you put towards it.
[Stephen Husted] (0:40 - 0:41)
That's true.
[Vivian Yip] (0:41 - 0:43)
Yeah. The winners and losers are established that way, right?
[Stephen Husted] (0:43 - 2:22)
You have to take massive action or you will fail.
∎ Podcast Intro:
Brace yourself for a wild ride into the unexpected. This ain't your typical success show.
I'm here talking to real folks who've been through it all, skipping the fancy business talk for authentic stories. We're diving into childhood dreams, teenage escapades, and everything in between. No scripts, just the stories that truly mold success.
Each episode takes you on a journey through those breakthrough moments that paved their way. No fluff, just genuine stories. So whether you're chasing dreams or just love a good story, buckle up for wisdom, laughs, and the unexpected.
This is The Breakthrough Podcast, where success is a journey, not just some fancy destination. Don't miss out. Hit the subscribe button now and join our Breakthrough crew. I got some incredible stories to share, and you won't want to miss a single one.
∎ Guest Introduction:
Hey guys, welcome back to another episode of The Breakthrough. Today, I've got Vivian Yep with us, and trust me, this one's worth the wait.
Vivian is a rock star in the real estate game, especially when it comes to midterm rentals. We dive into how she managed to quit her six-figure job at Apple and create financial freedom through real estate. We're talking about crazy strategies, flipping houses, and even how she managed to build a successful rental business while perfecting her wakesurfing beer bong skills.
Yeah, you heard that right. So whether you're looking to level up your investments or you just want to hear some wild stories, this episode is packed with gems. Let's get into it.
∎ Podcast Proper:
Hi. We're back. Round two.
Round two. Let's go.
[Vivian Yip] (2:22 - 2:22)
All right.
[Stephen Husted] (2:22 - 3:28)
Yeah. Why not? So it literally took me about a month to figure out how I wanted to approach you on coming back on because we're all busy and time and everything.
And I was like, oh gosh, that I felt like, you know, yeah, you were having a coughing attack and you're sick that day. And then I was having audio issues. And then also on the other part that I wasn't telling you, but Riverside, it sometimes scrubs, like the screen kind of you'll start talking and you kind of blend and it keeps going.
And it confuses me because I think that it's going to, the recording is going to be bad. So then it throws me off my game and then I'm completely stressed out during it. And it, you know, you're trying to focus on doing a podcast and talk and things are going wrong.
So, and then finally I saw a video on Instagram about somebody having issues and they wanted to bring the guests back and they got the guests back and everything. I'm like, call Vivian. Just at your service.
Just invite her again. And if she says no, it's okay. I get it.
If she says yes, great. Let's, let's get back on.
[Vivian Yip] (3:28 - 3:39)
Honestly, it's so much better that you invited me back on because I literally had coughing fits and I could not stop that time. I was like, Oh, I felt like I was wasting your time. So we're equal now.
We're equal.
[Stephen Husted] (3:41 - 3:48)
That's good. So I like your office looks different than last time. What did you change?
Did you change?
[Vivian Yip] (3:48 - 3:58)
I actually haven't changed anything. It's been the same. Okay.
I've had it like this for about a year and a half now. So would you like a little tour? Yeah.
Yeah. Yeah.
[Stephen Husted] (3:58 - 4:03)
What's on, what is, okay. That's what I think I saw last time. What's the, what are the houses over there?
[Vivian Yip] (4:03 - 4:14)
Oh, that is trophies. Basically, you know, we self, we gave ourselves some trophies for all the properties we've flipped in the past. Some of those actually became our midterm rentals.
[Stephen Husted] (4:15 - 4:15)
Cool.
[Vivian Yip] (4:15 - 4:18)
And it's just a nice reminder of how far we've come.
[Stephen Husted] (4:19 - 4:25)
Yeah, that's great. Sometimes we forget the journey part of it.
[Vivian Yip] (4:25 - 4:26)
Yeah.
[Stephen Husted] (4:26 - 4:30)
As we're out there just like grinding out day by day.
[Vivian Yip] (4:30 - 4:36)
Totally. And I thought it would make nice artwork and I don't know, it just looks good.
[Stephen Husted] (4:36 - 4:41)
I like it. What does your portfolio look like by the way?
[Vivian Yip] (4:41 - 5:28)
All of our properties are in the Austin area. We have nine doors. Six of them are midterm rentals.
Two of them are long-term rentals. One is a short-term rental. And then we have our primary home as well.
Okay. What did you start off first? What did you buy?
Oh, my very first investment that I'm not even talking about is from 2004. I bought a house in the greater Toronto area, which is in Markham, Ontario. That's where I used to live.
Back then Toronto real estate was still affordable. And this is why you should buy real estate. Okay.
Because in 2004, I bought a house, a single family house with a basement apartment. And I paid 260,000 for it. That same house today is probably worth a million dollars.
[Stephen Husted] (5:30 - 5:31)
Wow. Yeah, that's crazy.
[Vivian Yip] (5:31 - 5:34)
So I was already house hacking before house hacking was even a word.
[Stephen Husted] (5:34 - 5:35)
Was a thing.
[Vivian Yip] (5:35 - 5:35)
Yeah.
[Stephen Husted] (5:37 - 5:39)
That's funny you bring that up. So was I at that point too.
[Vivian Yip] (5:39 - 5:40)
Yeah.
[Stephen Husted] (5:40 - 5:43)
I was just doing it because I'm like, I have four rooms. I'm going to rent it out.
[Vivian Yip] (5:44 - 5:49)
Everybody should be doing it. Forgo the privacy. Who cares?
Let someone else pay your mortgage.
[Stephen Husted] (5:50 - 6:04)
Yeah. I think you have to jump into that moment and then realize like, oh my gosh, I'm only paying a third of this mortgage and somebody else is taking care of it all for me, paying down my principal pay down. You have to first jump in it to really realize it.
I still house hack today.
[Vivian Yip] (6:04 - 6:17)
Do you really? Yeah. I live in a beautiful country club neighborhood with mid-century modern homes.
And we have a studio in the back that's connected to our garage and that pays my whole mortgage.
[Stephen Husted] (6:18 - 6:20)
Wild. Oh man. That's so awesome.
[Vivian Yip] (6:23 - 6:24)
How do you think I quit my job at Apple?
[Stephen Husted] (6:25 - 6:26)
I mean, come on. Yeah.
[Vivian Yip] (6:27 - 6:37)
I structured my investments before I quit my job and on my way out of my job so that I would be a zero expense lifestyle. All my expenses would be paid by something else.
[Stephen Husted] (6:39 - 6:47)
And it can only go up from there. Yeah. I think so.
So back to your W-2. When did you quit?
[Vivian Yip] (6:47 - 6:59)
I quit in April of 2021. I waited for my stocks to vest. And then the very next day I quit because I couldn't handle another day in corporate life anymore.
[Stephen Husted] (7:01 - 7:05)
Yeah. Were you really starting that journey into real estate as well, as far as being an investor?
[Vivian Yip] (7:05 - 7:05)
Yeah.
[Stephen Husted] (7:05 - 7:07)
You're already in it.
[Vivian Yip] (7:08 - 9:17)
My story is when I was 37 or 38 years old, I already had two kids. And every day was that daily corporate grind. You go to work, you come home, you get the kids, get them fed, clean out the house, put them to bed.
It was the same thing every single night. And I just looked at myself in the mirror. I was like, Oh, this is what my life is going to look like for the years to come.
And I didn't want to do that anymore. I was like, I have to make a change. Otherwise, I'm accepting my circumstances.
So I did what was familiar to me. My parents were real estate investors. They just bought and hold long term.
They were the most boring real estate investors ever. So that just felt like a natural journey. So I was like, let's just, we already had one rental at the time.
I was like, well, let's dive in heavier and see what happens. So sold some stocks. And I told my husband that we need to flip houses.
And he wasn't convinced at first. So I kind of baited him by saying, we need to change our backsplash in our house. So I was going to hire someone to do it.
And the quote came back at like $1,600. And he's like, you know what? I'll just do it myself for $1,600.
By all means go do it. So I poured myself a glass of wine and I supervised him do it. Turned out beautiful.
Then the next step was I wanted to change our floors because we had this, you know, ugly tile, like builder grade tile with builder grade carpet. And I was like, I want hardwood floors. And he's like, you're crazy.
There's tile all over this place. It's going to be so messy. And like, I heard that you can do it pretty dust free and only take a day and a half.
So I scheduled the contractors. We got it done and it looked beautiful. And that point I was like, okay, managing contractors isn't that hard.
And my husband's super handy. What if we just like baby step our way into flipping houses? And that's what we did.
We bought our first investment property. We flipped it, loved it, bought six more. And then our sixth property, we turned that into an Airbnb.
[Stephen Husted] (9:17 - 9:27)
And what did you learn along the way from doing those six? What were those lessons? Because I'm sure there's a ton of them with flipping.
It's not as straightforward as a lot of people think.
[Vivian Yip] (9:28 - 10:28)
Yeah. So number one, if you are trying to work a full-time job and flip houses, choose a property that's either close to your house or close to your job. Because time is everything at that point.
And anybody that flips houses knows that your contractors are going to need, I don't know, drywall stuff, or they're going to need paint, or they're going to need something. So you're constantly going back and forth between Home Depot and that property. And if you're trying to balance a job without impacting your job, that property needs to be close to work.
And that's how we did it. All of our properties were within a 15-minute drive of our work. The second thing is try to flip.
If you're going to try to flip in the same neighborhood, because as you continue to sell those properties, your home will continue to comp. My husband and I, I would say we almost single-handedly raised the value of one particular neighborhood in Austin.
[Stephen Husted] (10:29 - 10:39)
You're setting the market because you're buying in that neighborhood. So you know the comps because you bought a three-two, you fixed up a three-two, you know what the next one, what you have to do to it. So it's like a rinse and repeat.
Yeah.
[Vivian Yip] (10:39 - 11:25)
Number three, know how to add value. So there's two ways that we added. Yeah.
We found two ways to add value. So there's the emotional part and then there's the scientific, right? So the emotional one is if you just spend an extra dollar per square foot on tile in the areas that matter, like in your kitchen backsplash or in your master bath or your primary bath, as you're supposed to say, that can make a huge difference to the emotional connection that the person has to the property.
Because they're not seeing the same Home Depot stuff. They're not seeing the same Lowe's product or floor and decor. If you go to a more boutique tile place and you spend that just $1 extra per square foot, it makes a huge difference in how the buyer perceives the value of the property.
[Stephen Husted] (11:26 - 11:46)
Absolutely. That's unique. It's unique.
It stands out from the rest. And if it's a buyer that's been out there for a few months looking, they're starting to see a pattern. And then all of a sudden here comes yours that shows a little bit of unique where they just gravitate towards it.
Maybe not everybody needs to gravitate towards it. You only need one buyer that just falls in love. Totally.
[Vivian Yip] (11:47 - 12:11)
And it's just a small change. You could try and change countertop from a quartz to a quartzite, but that's going to cost you thousands. But if you think about the standard square footage of a shower, it might be like 150 square feet.
Just that one extra dollar is $150 extra. The installation cost is the same. You're just upgrading the tile and it makes a whole difference in perspective.
[Stephen Husted] (12:11 - 12:12)
I fully agree with you on this.
[Vivian Yip] (12:13 - 12:44)
Yeah. And it took me a few flips to realize that. And then the final one is adding square footage.
That doesn't mean that you have to expand the house. One of the biggest tricks that we did was in this one particular neighborhood in Austin, the laundry area was in the garage. So we were able to find properties where we could actually frame the laundry area into the house and we can add 75 square feet to the property.
[Stephen Husted] (12:45 - 12:46)
And not have to go to the garage.
[Vivian Yip] (12:47 - 13:02)
And not have to go to the garage. So not only is it a value add in terms of how someone uses the home, but because we added that 75 square feet at $300 a square foot value, we increased the value of the home just like that.
[Stephen Husted] (13:02 - 13:47)
Yeah. The smart little tweaks are huge. You learn those over time doing some projects.
It's funny you bring that up. We're almost done with a project here in San Jose and this is exactly what we did. Upgraded the tile, did a little bit more unique features, something that we're not seeing on other houses out there.
The big play, I don't know if it is in Texas, but a lot of the houses are white, black trim, black hardware. That's kind of the look, but we brought that in, but we also brought in some other tones and just more upgraded tile and areas that just will show that somebody took some thought in this. So we'll see how that all plays out.
But yeah, that's cool. I saw you doing wake boarding somewhere.
[Vivian Yip] (13:48 - 13:54)
I did. We have a little tiny lake cabin on Lake Travis and it's not wake boarding, it's wake surfing.
[Stephen Husted] (13:55 - 13:57)
Wake surfing. Yeah, that's right. You're right.
You're right.
[Vivian Yip] (13:58 - 14:10)
Yeah. So if you want to see the video, you can see it on my Instagram at VivianYip underscore official. And I have a very little known talent is that I can do a beer bong while I'm wake surfing.
[Stephen Husted] (14:10 - 14:15)
That's awesome. I forgot. I don't remember seeing that.
That's what you were doing on that one.
[Vivian Yip] (14:15 - 14:17)
Oh yeah, I could do a beer bong while I'm wake surfing.
[Stephen Husted] (14:17 - 14:53)
Yeah, that's great. I think the reason why I called it your wake boarding is before wake surfing, well before even wake boards, we grew up with boats and went skiing every summer and we used hydro slides. They're like knee boards and knee boards were the beginning of wake boarding where you just get up on those, but it would have this like big strap.
You weren't strapping in like you were snowboarding and you would try to stand up and the thing would slide out off everywhere. And then the wake boards came out and then the wake surfing became really popular too. Are you using a different type of board?
Is it like a mini surfboard?
[Vivian Yip] (14:54 - 15:33)
Yeah, I use a wake surf board. It has fins, right? The one I have is a single fin, but I use a skim board and I think it's called a skim board, but yeah.
What lake was that? Lake Travis. Lake Travis.
Nice looking. It's big? Yeah.
Lake Travis is huge. It's in the shape of a dragon and it's about 66 miles long. So we're in the upper part of Lake Travis at around mile marker 45, I think it is.
And it's really nice and quiet up there. There's no crazy parties and boat tie ups. None of that stuff is just really peaceful, calm waters.
Perfect for wake surfing. How far from your house? Pretty close.
Five minutes.
[Stephen Husted] (15:34 - 15:39)
Oh, that's brilliant. Brilliant. Yeah, that's amazing.
That's great. So how's business going?
[Vivian Yip] (15:40 - 16:31)
Business is good. I wish it was better, but I think it's just a matter of time. We're getting a lot of momentum.
So when you're asking about business, I think you're referring to my corporate rentals business. Yeah. So let's talk about that.
Yeah. Okay. Yeah.
Since I guess your audience doesn't know, I have a business, it's called Corporate Rentals USA. It's a marketplace to find temporary housing. And there's a brand that I created that's part of Corporate Rentals USA.
It's called Hestia. And the idea behind Hestia is to go and pick the best properties in the single family home space with the best hosts, create a brand standard and then market them under one brand. And then we take that brand to the businesses that use temporary housing, like insurance companies and corporate relocation firms.
[Stephen Husted] (16:32 - 16:34)
What states are you in?
[Vivian Yip] (16:34 - 17:18)
We are heavy in Texas. The companies that use our homes know us for Texas mostly, but we can certify homes all over the country. By that I mean that we're, I don't consider myself like a, I'm not going to get you booked.
That's not the idea. The idea is I'm going to elevate your brand or your personal property by ensuring that it meets a brand standard. We give it a stamp of certification, and then you can put that certification on all your properties, no matter where you list, whether it's your Airbnb listing or your Zillow listing or your Furnished Finder listing, whatever it is.
The companies like insurance housing companies, they already know the Hestia name. So if they see your certification, they'll know that your property is better than the one that doesn't have a certification.
[Stephen Husted] (17:19 - 17:25)
What does a certification look like? What does a host need to go through or a homeowner to get that certification with you guys?
[Vivian Yip] (17:25 - 18:45)
So there's three levels, right? It's an application process. We don't accept anybody.
You need to have at least one year of experience. You need to have at least 4.8 star review on Airbnb. That just proves to us that you have a track record of performance.
And the one year shows that you have experience dealing in the temporary housing space, right? Because things are going to come up. You're going to have toilets that don't work.
You're going to have HVAC filters that have problems. Like having that experience to respond to them quickly in this hospitality business is important. The second layer is a self audit.
So once we accept you to our program, we have a self audit sheet where you have to have a certain number of plates and cups and colanders, mashed potato masher, pizza cutter, things like that. And then the third layer is we actually send an inspector to come into your home and we do a four hour inspection. And that checklist is about 200 bullet points long.
And we follow the same principles that are used in corporate housing by the big corporate housing companies. We just align those standards into the single family housing space, which is where we operated. Because a lot of those companies use apartments.
So we're not going to check like parking lots or check mailbox keys. Ours is more about checking backyards, front doors, security, neighborhood, things like that.
[Stephen Husted] (18:46 - 18:56)
Yeah. All the HVAC and electrical and just making sure everything is in working order so that when somebody gets moved in, they're not calling you for five different things in the very beginning.
[Vivian Yip] (18:57 - 20:10)
Yeah. If you think about who our clients are, a lot of them have experienced water damage. We even had a client that had a fire recently.
Actually, we're hosting several clients that had fires right now. But that's the last thing they want to worry about is light bulbs not working, dishwasher is not working, washer and dryer is not working. Why don't we provide them with a great stay from the get-go that we've already pre-inspected everything and all they have to worry about is getting back to their normal life.
And I don't know if you know this, but if you ever have an insurance problem, you suddenly become a general contractor. And a lot of people don't have the appetite for that. But that's the unfortunate truth is now they're thrown into managing permits and appraisers and adjusters and contractors.
Why don't we take the weight off their shoulders by providing them a home that they don't have to worry about so they can focus on those things? How long did it take you to build out this business? It's been a year and a half.
I mean, I've been doing it myself for almost five years. So I've been developing the processes and I'm self-taught. There weren't any gurus or teachers when I started.
Mitch from Rentals was like a secret that I kept to myself for a long time.
[Stephen Husted] (20:11 - 20:13)
And what do you call that? It wasn't even called that back in the day.
[Vivian Yip] (20:13 - 20:24)
No, it was just... It was corporate housing. 30-day stay, corporate housing.
I don't know. But I was self-taught. So I take a lot of the principles that I've learned and then I incorporate it into the brand standard.
[Stephen Husted] (20:25 - 21:15)
Yeah. And you'll constantly grow and learn and pivot and change things and do things. And like any other business, it's never going to be perfect.
I'm in a lot of the groups. So I'm in your group on Facebook. I'm in Jesse's.
And it's interesting to listen to certain people talk about their properties and issues. And it's like, nothing's a guarantee. It's not a guarantee doing a short-term rental and putting your property on.
It's a business. And especially now, especially now, things have changed a little bit. So in the short-term space, we have a cabin in the Smokies.
Of course, it was doing amazing during COVID and slowed down last year. And we had to really pivot a little bit, add some more value to the property. We're not making the same amount of money, but we're putting time into the business.
Did you see the midterm space adjust as well recently?
[Vivian Yip] (21:15 - 22:05)
Oh, it's continuing to adjust all the time. There's definitely more and more people pivoting into the midterm rental space from short-term rentals as they continue to learn more about it. The thing is a lot of people don't understand how to minimize advanced bookings.
If you're coming from the short-term rental space, if you don't know how to control your calendar and you want to move into midterm rentals, you're going to eliminate yourself from the possibility of these extended stays. Short-term rental people love seeing bookings in their calendars three months in advance. Okay.
Midterm rentals, we can't do that. You literally are on the edge of your seat waiting for that three to four month to five month booking coming in, but they're not going to book your place if you have those advanced bookings. So knowing how to control your calendar and understanding how to do that is going to be the most important skill set for running a successful midterm rental.
[Stephen Husted] (22:05 - 24:23)
Yeah, this is great. I basically got you on the podcast so I can pick your brain because we just went live about a couple of months ago on our midterm. But we started doing midterms back in 2015 and a property in San Jose, it was a loft, but it was going to be a short term.
Then the HOA changed the rules and regulations to that so we couldn't do that. And now we had a fully furnished loft and we're like, okay, what are we going to do now? And so I just Googled furnished rentals and then went down the rabbit hole and we went down that journey.
And all of our clients were mostly on tech contracts that were just coming in for like a year or six months. And it was always through some type of agency that would reach out and say, hey, we want to place this person from England at your property six months. We're going to be on the lease, no problem for the pricing.
And I was like, this is great. Okay, this is cool. So fast forward, we sold that property.
We 1031 exchanged into the short term in the Smokies. And now we're built out another midterm by KU Med in Kansas City. It's a duplex, two units.
It used to be an old estate and the upstairs, it was a 2-1. We turned it into a 3-1. The downstairs is a 3-2.
It is across the street from KU Med. So we just went live a couple of months ago. We got our first clients and I'm thinking they had maybe some type of issue with a baby.
They were at one of the hospitals and they're from China. And they took the property for one month and they brought home their baby and they'd just been nesting in that property. And then our next guests move in, in two days and they're students at 4KU Med.
And they're only for a month. So now I'm kind of trying to figure out my calendar and also working through a rehab. So we've had some little issues come up, like we have to shut the property down tomorrow for 24 hours, turn the water off because we have a plumbing issue.
So we have to handle that within these two days, get the cleaners in, walk through the property, make sure everything's good, restock it, and then be ready for our next guests.
[Vivian Yip] (24:23 - 24:23)
Yeah.
[Stephen Husted] (24:23 - 24:48)
See, these things, this is why experience matters, right? Yeah. I'm always learning from it too.
That's why when you're talking, I'm like, tell me more, Vivian. I want to hear about your experience on this. But I do like this space a lot.
I feel like it's a little, it's a happy meeting between being on short term and doing a hospitable and seeing the app light up every morning for me. I'm like, oh gosh, what's going on now? Right.
[Vivian Yip] (24:51 - 25:13)
My husband and I recently helped my client sell their short-term rental. And I think that's the last of it. All of my properties are midterm rentals now with a hybrid model where they do STRs.
But I mean, I just love the midterm rental model. It's just so much more hands off. It's a bit more work getting clients in because you just have to have a network to do well in this business.
[Stephen Husted] (25:14 - 26:35)
Yes, you do. You have to really do research. It's not just, hey, throw it onto Furnished Finder and Airbnb and all of a sudden people are reaching out, booking.
I hired somebody through Upwork that is just dealing with the midterm. Oh, really? How's that working out?
I think really good. What I had him do is I made a master list. I want you to find every site.
I want you to find everybody that is connected through Elle Solutions, anybody talking about midterm, anybody that's an agency that works there. I want emails, phone numbers. I want you to reach out to them, build out the list.
He's checking every website, making sure all the information's correct. Just going that extra mile. I got him on Upwork.
He's from India and he works at night. I catch him for one hour in the morning on WhatsApp and we communicate and talk about what we walk through. Then another thing I made him do was I've actually made him go through your Facebook group and Jessie's and keyword search data points.
Everybody's cool little tips that everybody's given out. I told him, I want you to look for all this, build another list out, just systemize things. I just hired him just for that because my assistants were getting too spread out everywhere.
I want somebody just one-on-one. Specific.
[Vivian Yip] (26:36 - 26:39)
You're doing that for how many properties that you have as midterm rentals?
[Stephen Husted] (26:40 - 27:21)
We only have one midterm. That's the Kansas City property now, but I'm getting ready to start shifting some of them. Two, that duplex that we got, the upper unit's the only midterm.
The downstairs, we did long-term because I wanted to test the market, get my systems in place. Things have changed since 2015. When I went into it in 2015, you weren't around doing it.
Jessie wasn't. I didn't have all this great information. I was just doing it because I had to.
Things have changed and it was a different clientele in San Jose. It was a tech clientele. They were doing six months, year leases.
It was pretty simple. It was just pretty simple.
[Vivian Yip] (27:21 - 27:23)
Apple people? Because that's not too far from...
[Stephen Husted] (27:25 - 28:06)
Because this property was close to downtown, I got a lot of NVIDIA. Yeah, because NVIDIA is in Santa Clara. Then some were at startups that they could even disclose.
That's why it was going through the agency because it was a confidentiality thing. Had some traveling. I had a traveling dentist at one point.
It was really cool. It was crazy. Our last guest stayed for almost a year.
Then when the lockdown happened, they just called me and they're like, we're out of here. We're going back to North Carolina. Because it's a fully furnished, they just packed up their luggage.
They were gone in three hours. It was like naked. I'm like, okay, now what?
[Vivian Yip] (28:08 - 28:20)
Life's going to throw curveballs at you, right? It's all about being open-minded to being agile and flexible and making connections so that you can connect the dots where you need to and when you need to. Oh, 100%.
[Stephen Husted] (28:22 - 28:51)
I think this day and age with social media and Facebook groups, you don't need to be super experienced in the beginning. You need to know how to do a ton of research and execute. It's all out there because there's people in front of you that have already gone through the issues that you're currently going through.
I wouldn't say it's easy, but it's easy to find information and gather it quick. We're lucky to have that these days.
[Vivian Yip] (28:53 - 31:34)
Totally. I try to share my learnings on my Facebook group all the time. If you're listening and you want to learn from me, my Facebook group is called Midterm Rental Wealth with Vivian Yip.
Make sure it's the one with the bald head and green dress. I recently almost got scammed by a Zillow application for my midterm rental. Let's hear this.
Yeah, I was in Mexico on vacation with my family. Obviously, if you're enjoying vacation and work comes up, you're just trying to get through it as quickly as possible so you can go back to vacationing. Well, we had a property that we managed.
It was listed for $7,200 a month. I get this Zillow application. Zillow application comes in.
This guy makes $27,500 per month. They completed an application. I just skimmed through.
I'm like, wow, great income. Provided a $1099 document for $427,000 a year. I was like, sweet.
This is great. It was for one year. The guy had a great story that his childhood home had burnt down and he was waiting for his new build to come up again and that he is a father of three amazing children with two dachshunds that won't get up to do tricks for treats.
Very nonchalant and friendly demeanor. I didn't really have anything suspicious. I started to put together the lease and I started asking him some questions.
In the lease, there's a spot where he has to fill in his mailing address. He left that blank. Because I use a property management system for my business, there's a secondary ID verification where they have to upload their ID.
I use AI detection tools to establish what that risk of that person is. They didn't even upload their ID. He refused to.
Things started to not make sense. He didn't fill out the mailing address. He even gave me an email address to send my proposal to the insurance company.
Because in insurance, you need to have proposals like pet fees, what your utility caps are, all that stuff, right? I sent that off to the email address that he gave me. They emailed back and said, okay, well, we need your W-9 form now so we can make sure we pay you out.
Well, when they responded back to me, they gave me an approval letter. The approval letter, my first red flag was they used Franklin Goth Books font. You ever seen that font?
It's just a simple sans-serif font, but it's not really used in business. Usually in business, it's Times New Roman or Arial.
[Stephen Husted] (31:36 - 31:38)
It's funny that you caught that. Not everybody would.
[Vivian Yip] (31:39 - 32:40)
I'm a very detail-oriented person in that sense. That was the first red flag. The second one was there was no name of an insurance company.
The name was just S. Montoya, Texas Blue Team Adjusters. I'm like, okay, but what company is this from?
So I started asking all these questions. He wasn't really forthcoming with me, so that I'm starting to use fast people search. If this guy grew up in Texas, if he grew up in Austin, there's got to be some kind of social media on him.
I should be able to find some kind of records. He wouldn't give me the address of the house fire that burned down because you need to know that to make sure that the adjuster is really real. After a while, I was like, okay, this guy's a total scammer.
I ended up not taking him in, but I was this close to sending him check-in instructions, and he probably would have squatted my property. I'm a pretty seasoned person when it comes to this stuff, and I almost got scammed. So it was just a warning to other people.
[Stephen Husted] (32:41 - 33:19)
You are really experienced. I've heard throughout investors recently to start telling stories that happened recently. People that are seasoned flippers.
I follow this guy in Seattle that got scammed by a contractor and was showing the text messages of this. He put up X amount of dollars in the very beginning, and everybody was saying in the comments, shouldn't you know better? He was like, this person works with a lot of it.
He just burned a big bridge here. You just wouldn't think that. These things do come up
You really have to stay on top.
[Vivian Yip] (33:20 - 33:52)
I think the lesson learned here though is that just because the application came through Zillow. Oh, I missed the big part. He did fill out an application through Zillow where there was a credit check.
The credit check came back at 531 credit score, which is super low. But if it's a guaranteed booking by the insurance company, sometimes it doesn't necessarily matter. But the fact was he omitted providing these certain details that I was looking for that really set off the clues.
[Stephen Husted] (33:54 - 33:58)
And did you go through the credit report itself? I did.
[Vivian Yip] (33:59 - 34:34)
It was no bankruptcies, no criminal records. It was just some failed payments. But I didn't see a mortgage on there either.
Oh, yeah. So lots of different things that anybody could have been fooled. If I had been too busy and wanted to just enjoy my vacation, I may have just let that go through.
But then I was like, yeah, something doesn't make sense. You have to go with your gut. And I did.
And that's when I started doing even deeper research. And I was like, oh my God, I just dodged a huge bullet.
[Stephen Husted] (34:35 - 34:43)
And it almost comes the minute you first had that gut feeling, you're probably right. Yeah. You're probably right.
[Vivian Yip] (34:45 - 35:02)
Intuition wasn't built overnight, right? It takes years of building to establish intuition. That's what they call wisdom, right?
And the other thing was he was messaging me on an iPhone. So it wasn't just some random text service. It was a real iPhone.
It was iMessage. But I couldn't even track that number.
[Stephen Husted] (35:02 - 35:04)
And you never talked to him on the phone?
[Vivian Yip] (35:05 - 35:17)
It was all iMessage. I tried calling him, but he's like, oh, I work really busy hours. I can't take phone calls at work.
My assistant will send you my Texas insurance adjuster information, which she did.
[Stephen Husted] (35:18 - 35:25)
She did. Then he was impersonating the insurance adjuster as well. Is that what I was understanding?
[Vivian Yip] (35:25 - 35:57)
It was a letter that I received from this claims email that he gave me, right? So it was like claims at txtgs.com or something like that. So then I was like, well, what is this TSTGX company?
So I looked that up. Doesn't exist. Then I started looking up the company that issued the 1099.
That doesn't exist. So a couple lessons. Number one, don't trust Zillow applications.
Number two, self-employed people get bank statements. Number three, follow your intuition.
[Stephen Husted] (35:59 - 36:22)
Yeah, definitely number three. What have been your big lessons on doing midterms over the years? Things that you've gone through that you thought you've, let's say you got a property and you just got it all together.
And all of a sudden these things come through and you go, ah, I wish I would have, you know what I mean? You know when those things just come up and it's like that little learning lesson and then you put it in there and you implement it on the next guests that show up. Yeah.
[Vivian Yip] (36:22 - 37:18)
I would say number one, the one that kills me is I should have bought a slaged lock right from day one. And instead I bought a Bluetooth lock that was a no name brand. And those things fail time and time again, like month 13 after the warranty ends.
So I should have gone with slage from the get go because it connects with almost every property management system out there. And it'll just make your life so much easier that it automatically connects to your reservations. So it updates the lock and then deactivates the lock upon checkout.
Number two, I wish I bought better beds in the very beginning. So I've had to rotate out beds before. Number three, never buy a property with just one bathroom.
I have a duplex as a two bedroom, one bath. Number one, it doesn't rent out as well. Number two, if there's a bathroom emergency, if there's a toilet problem, it's an emergency.
When there's a second bathroom or a second toilet, it's not an emergency if it breaks down.
[Stephen Husted] (37:19 - 37:20)
True. They have somewhere to go. That's a good point.
[Vivian Yip] (37:21 - 37:26)
Yeah. What else? Man, I could go on forever.
Make sure you clean every 30 days.
[Stephen Husted] (37:27 - 37:38)
So let me ask you about that. So when you say clean every 30 days, let's say you have a traveling nurse, you got a 13 week in there. Are you building that into your lease agreement to say that, Hey, the property is getting cleaned once a month?
[Vivian Yip] (37:39 - 39:40)
So I don't host travel nurses except for my one studio. And because I interact with them so much, I always have eyes on my property. But in my single family homes, we tell them they have to pay for it.
And it's a mandatory requirement. That's how we upkeep the quality of our homes. Right.
And it saved me before I had a guy that booked my property for six weeks to start. It was a single guy with two children and a dog. And my cleaner showed up at the 30 day mark.
And they walked in, they're like, is this place occupied? I'm like, yeah, there's a guest in there right now. She's like, it's really strange in here.
Like, what do you mean by strange? Well, there were dead flies everywhere. Like dead flies all over the house.
And I said, is there any luggage? And they said, there's no luggage in here. I said, are the beds touched?
Doesn't look like they've been slept in. What about the bathrooms? Is anything going on in the bathrooms?
Like there's one brown towel hanging up. I'm like, well, I use white towels. So that brown towel isn't mine.
So then I'm like, okay, where are the flies coming from? And so they walked around the house and they've got their iPhone with me FaceTiming. And they left the door from the kitchen to the garage open.
So the flies came in in the summertime and they had a birthday cake on the table that they had left out. The fridge was full of rotting food, but they still had two weeks left to their reservation. And they paid a lot of money for this.
So I was like, well, go ahead and clean. Who knows where these people are? So they cleaned.
I sent them a message. I'm like, Hey, just letting you know, my cleaners came and cleaned everything. And he's like, okay, no problem.
By the way, can I extend another two weeks? I was like, I guess so. At least I know the place is clean.
So the cleaners, I extended their stay and the cleaner showed up two weeks later and they're like, yeah, they never came back. What?
[Stephen Husted] (39:41 - 39:42)
So crazy.
[Vivian Yip] (39:42 - 39:45)
Super weird. But yes, your cleaners will save you time and time again.
[Stephen Husted] (39:47 - 40:13)
Yeah, I don't know. I'm all bummed out. I only have a one bath in my upstairs duplex.
Well, the upper unit is a three one. The downstairs is a three two. Yeah.
The upstairs was a two one. And where the kitchen was, I was like, why is this kitchen in this weird room? Like, let's open this up.
So we move the kitchen into where the dining is. Yeah, that's a more open space and grab that little bedroom to get, you know, obviously bring a better value. But now I'm like, I don't have a second bathroom.
[Vivian Yip] (40:14 - 40:16)
You can't do it one day if you can fit it in somehow.
[Stephen Husted] (40:17 - 40:44)
Yeah, you know what? I probably can. But you know what I'm thinking of doing?
Because we have a pretty big lot. It's like a 7,500 square foot corner lot. I'm thinking of a prefab, you know, like a 500, 600 square foot prefab home and just get a survey done.
Tie into the plumbing, you know, lay a foundation and go through one of those prefab companies and just rent out to another traveling nurses or doctors in that area.
[Vivian Yip] (40:44 - 40:57)
Or tiny home. Can you do a tiny home? Probably.
Because if you stay under 399 square feet, at least here in Texas, and it's on wheels, then you don't get taxed on it.
[Stephen Husted] (40:58 - 40:59)
Oh, interesting.
[Vivian Yip] (41:01 - 41:14)
I don't know what the rules are in California. But if it's on wheels, and it's less than 400 square feet, so 399 square feet is established as a tiny home. And it becomes real.
It's personal property as opposed to real property.
[Stephen Husted] (41:14 - 41:25)
Interesting. I'm gonna look into that for that type of square footage. The tiny homes has its own shower and, you know, it's nice little small space.
Probably could rent it out for about $1,000 a month, I would say.
[Vivian Yip] (41:25 - 41:27)
In California, probably like $1,400.
[Stephen Husted] (41:27 - 41:28)
This is Kansas City.
[Vivian Yip] (41:28 - 41:33)
Oh, Kansas City. Okay. I don't know the rates there.
But yeah, easily.
[Stephen Husted] (41:33 - 42:18)
So the 3-1 upstairs right now, we are making between $2,500 and $3,000 right now. What's a normal rent? I would say over there, $1,100, $1,200.
Yeah, that's great. Yeah. So I think if we turn the downstairs into a midterm, which we will probably after a year, I think our mortgage all in is $3,000 a month.
So I think we'll be making about $5,500 on that property. So which is good. I like the location.
I think maybe adding the tiny home or a small little ADU will probably do good down the road too. Are you looking to buy anything right now?
[Vivian Yip] (42:18 - 43:39)
I'm not. I'm not looking to buy anything. Truth be told, we actually lost $80,000 on a project about a year and a half ago.
And when you lose that kind of money, you get a little gun shy. The market turned in Austin, right? Even though it was a flip.
And during the acquisition process, of course, you go in with a set of assumptions. And I knew that the interest rates were going up. So I assumed that the market price would drop about 15%.
And I thought that was pretty aggressive for Austin. What I didn't expect was it actually dropped 28%. So in order to sleep better at night, we finally got an offer on it.
And it sat on the market for a while. We finally got an offer on it. And we sold it.
But we basically gave away all the renovations and my husband's time for free. So they got a brand new renovated house for approximately the same amount of money we paid for it, unrenovated. And that hurt.
It hurt. After that, and the market was still trying to stabilize in Austin, I feel like we may have bottomed out now. So I'm looking at different opportunities.
I'm keeping my eye out for flips. But in the meantime, I'm busy enough trying to build out Corporate Rentals USA and the Hestia brand.
[Stephen Husted] (43:40 - 43:43)
Does your husband work or does he work within the business?
[Vivian Yip] (43:43 - 44:03)
So he's a realtor, as well as a general contractor, as well as a former home inspector. So we work together as a team. I bring in a lot of leads just for investors that want to buy midterm rentals.
So we help plenty of investors buy midterm rentals. But he also is a realtor as well that practices with buyers and listing agreements.
[Stephen Husted] (44:04 - 44:19)
Wow. And he even got to waive his commission on the listing side and still got stung on it. Yeah, totally.
I think everybody well-versed in real estate and doing all kinds of cool things, everybody had one story at least.
[Vivian Yip] (44:19 - 44:42)
Oh, for sure. Real estate is one of those things where it's not an infinite wealth game where you're just going to keep winning. It's about when you lose, right?
Everybody's going to lose. This is probably my second time losing. But out of all the deals that we've done, it's really not that bad.
I just feel very grateful that we can recover out of it, right? It didn't bankrupt us. It didn't do anything.
It just stings. That's it.
[Stephen Husted] (44:42 - 48:28)
Right. It stings. There's a little bit of, you know, okay, what can we do different next time if there is something we can do different?
Yeah. I just sold one of my first properties in the Midwest yesterday. East Detroit paid $37,000 for this property.
I went through everything on that house, break-ins, evictions, squatters, threats from family members of the tenant when they're getting late fees that I didn't know about through the property manager. I had a gentleman call me up and said, I know what you're doing on this property. I'm like, are you a wholesaler?
He's like, no, I know what you're doing. You better stop doing it. I kept going back and forth and he basically said to me, if you don't stop, I'm going to burn your house down.
He used some other language that was something that I knew. This is East Detroit. When they say they're going to burn your house down, you're going to burn your house down.
It's going down. I was in a Facebook group and I was constantly looking through investors and seeing who was looking for certain types of buy boxes of things. One guy came up and said, hey, I buy properties that are going through squatters or evictions and landlords want to get out.
Boom, I call him up. I DMed him, got on the phone. We go back and forth on price.
He comes in a little lower. I thought about it for a week. It's not worth waiting.
We did the deal. We closed yesterday. I made $5,000 on this property, but I think the bigger part of the whole story was it got me in the game.
I took a lot of action. I had to go through really bad things. House getting broken into.
Water heater is gone. HVAC is gone. What year was it?
2019. It continued. Every year, I was going through certain things or I'd get attended in there and they'd pay and it's cash flowing like crazy.
Here's the thing that people overlook on markets that are in that C minus and below. You look at a deal and you go, okay, I could buy it for this and it rents for this. I'm going to make some crazy cash flow, but they don't factor in the things that are going to come after you close, meaning the tenant issues to the outside issues.
There's multiple things that come your way. A lot of people don't factor that in where you end up thinking you're going to make cash flow, but now you're in the hole 15 grand. That's cool.
That was a lot of learning lessons. A lot of systemizing of things happened on this property. I would have taken a $30,000 loss on this one if I had to and I wanted to sell it because it taught me so much and it got me to where I am now.
The school hard knocks. It is. It was like an internship.
People would crack up. When I first started investing, I didn't tell anybody where I was investing because I didn't want to hear it from people because everybody's got an opinion. Why are you doing that in the Midwest?
You should buy in California. I'm like, yeah, I'm going to wait in California. Meanwhile, they probably never invested before either.
Never invested, yeah. Probably it's an old person that's got their own single family home and bought it in the 70s and that's about all they know. That was one thing.
I didn't listen to anybody. I went into this market and it got to me the point now where now I'm developing out in Seattle. I'm doing bigger projects and I've learned all these different types of strategies, but I started somewhere very small.
There's a lot of learning lessons on that path. I love telling them too.
[Vivian Yip] (48:29 - 48:34)
Have you watched Steve Jobs' commencement speech at Stanford University?
[Stephen Husted] (48:35 - 48:35)
Yes, I have.
[Vivian Yip] (48:36 - 48:54)
It's all about connecting the dots. You can't connect the dots in the future, but all those experiences you have in the past belong as part of your story and they'll connect the dots. You just can't see it right now.
You will later on. That's your connecting the dots.
[Stephen Husted] (48:55 - 49:20)
Yeah, it's so true. I have people reach out and I'm sure you get people reach out too. They want to get going.
They want to start. They're like, oh, I see you doing all this cool stuff. I'm like, look, it all started very small and there was all these issues.
You always know where everything came from and perspectives. You got to get in. You got to take some action.
You got to be consistent on all this and problems will come up. We've all gone through it.
[Vivian Yip] (49:21 - 49:43)
My saying is get to 80% confidence. Do your research. Do your due diligence.
Get to 80% confidence and then JFDI. Just F and do it. No one's going to do it for you.
The investment has to be yours and the risk has to be yours, but if you don't take that risk, you're not going to get the reward either.
[Stephen Husted] (49:44 - 49:55)
True. Well, I think a lot of people want the whole picture. They want some type of a guarantee and it's very hard to guarantee anything and anything actually.
Yeah.
[Vivian Yip] (49:55 - 49:58)
The only thing guaranteed is the amount of effort you put towards it.
[Stephen Husted] (49:58 - 49:58)
That's true.
[Vivian Yip] (49:59 - 50:38)
Yeah. The winners and losers are established that way, right? There's no guarantee that you're going to win in the real estate game, but like you, right?
The amount of effort you're putting towards that one midterm rental you have, that's effort. It might be someone that you've hired, but it's still effort or the someone that just waits and waits for a booking on Airbnb. Are they really trying their hardest?
Oh, midterm rental didn't work for me because I didn't get booking on Airbnb. Well, you have to know that there's a whole stream of business that happens far beyond Airbnb. So you're the example that's actually doing it.
You're trying your hardest as opposed to that person that's not doing, that's not lifting a finger.
[Stephen Husted] (50:39 - 50:53)
Yeah. And you have to, you have to take massive action or you will fail. And the minute you get in that mindset, it's over.
What's on the agenda for the rest of your summer? Any plans, any trips, anything cool you're doing besides wake surfing and beer ponging at the same time?
[Vivian Yip] (50:54 - 51:04)
Yeah. There's a Asian real estate conference happening this coming weekend. So July 26th to the 29th.
And I am one of the keynote speakers.
[Stephen Husted] (51:05 - 51:17)
Oh, that's awesome. How do you like speaking in front of an audience? Are you good at it?
You love it. What is your prep? Tell me, so have you done this forever?
[Vivian Yip] (51:18 - 52:47)
So I used to be terrified of public speaking and then I made it a goal. I'm crazy. I'm the kind of person that if something scares me, I go forward and do it.
Like adrenaline rush. Public speaking, I was terrified. So I started taking Toastmasters and then through Toastmasters started doing more, you know, with what I do for my business, I have to speak in front of people all the time.
So in April I spoke to 600 agents in Las Vegas. And then this one, this upcoming one is over 300 people. And my goal is to continue building out my public speaking.
Cause I do have a story. My story really is how I found financial freedom by betting on myself and jumping into midterm rentals, right? I replaced my six figure income with midterm rentals.
I was able to quit my W2 job because of investing in real estate, forcing cashflow, learning how to force equity. And I think that inspires people because you and I are getting to that age where our parents are aging. Our children may have special needs.
We want to be able to have that freedom to be able to not go to work if we don't have to, if we need to take time off to take care of our family or extended leave for some reason or another. Freedom for me is the ability to not have to work if you don't need to. At least for a few days or a few months, right?
Having that control of your time is really what I was striving to achieve for. And that's what I have now.
[Stephen Husted] (52:48 - 53:52)
Yeah. I'm not there yet, but that is the goal. It is the goal.
I had a conversation with my wife a couple of weeks ago and I laid out some really hefty new goals. They're big. And I had to tell her, Hey, let's go to coffee.
My wife, she works at Apple and I sat her down and I'm integrating her a little bit into my business on the social media side. So I said, Hey, let's go to this new coffee shop. So we go to the coffee shop and I'm talking to her and I'm like, Hey, this is what I want.
I want a house in Seattle that I can go to three, four or five months out of the year if I want to. I want a sprinter van. I want to be able to get in that sprinter van and go up the coast and camp, get off the grid, get off technology.
These are the things that I want. And just laid out some new goals. And I go, and I want you to let me know yours.
And I'm full steam ahead. And she's like looking at me. And then I know after the funny thing with my wife is I'll talk to her and I'll talk her ear off.
And then her eye will start to flinch. Like kind of go like, I'm like, oh, oh, oh, time's up. And she'll just look at me like, time's up.
[Vivian Yip] (53:52 - 53:53)
How long have you been married?
[Stephen Husted] (53:54 - 53:54)
10 years.
[Vivian Yip] (53:55 - 53:58)
Okay. So you get, you know her pretty well, but you know her body language quite well.
[Stephen Husted] (53:58 - 55:07)
Yeah. And it's always just funny because I just, you know, come home and I ramble on for, you know, cause I got a lot of things or I come home and I'm just pissed off and everything's wrong and I'm not where I need to be. And, you know, it's such a rollercoaster.
Yeah. Well, I'm glad that we were able to reconnect. Honestly, I didn't know what I was going to do.
I didn't know how I was going to reach out to you. I felt bad. I don't know why I felt bad, but you know, I know that we both had our own little technical issues, but I'm glad I saw that video and was able to, you know, get my assistant to reach back out and you said yes.
And I didn't know what you were going to say. So I'm glad you said yes. And I'm glad we were able to.
I'm happy to be here. Feel honored that you invited me on your show. Thank you.
I really appreciate it. Thanks for all the great tips today. You gave me a really a lot of good advice.
And I thought about that driving over. I'm like, oh, today's going to be a little bit about being selfish for me to hear from Vivian's, you know, what she's done, because I know what I'm going through right now. And, you know, I'm glued to your page and I'm doing a lot of research, but you know, there's so much you can learn.
Oh, there's so much you can improve too on business in general.
[Vivian Yip] (55:07 - 55:09)
Yeah, absolutely.
[Stephen Husted] (55:09 - 55:11)
So where can the audience find you?
[Vivian Yip] (55:12 - 55:26)
They can find me on my Facebook group, which is Midterm Rental Wealth with Vivian Yip. They can also find me on Instagram or even VivianYip.com that has all my information there. You can find my social medias and everything on that page.
[Stephen Husted] (55:28 - 56:00)
Yeah. And for anybody that's listening and want to get into the midterm space, definitely highly suggest you follow her because she has a ton of great information. And if you're a new investor and you're going down, you're looking to do midterm, you want to surround yourself by the right people doing what you want to get into.
And it's a faster route to learn from all the mistakes and, you know, just get your business going. So I highly suggest you give Vivian a follow and I really appreciate you jumping on today. And I will be talking to you soon.
[Vivian Yip] (56:00 - 56:02)
All right. Sounds good. Thanks so much.
[Stephen Husted] (56:02 - 56:33)
All right. Thanks a lot, Vivian.
∎ Podcast Outro:
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