Come hangout with me in our next free live webinar, Saturday, March 30, 2024 at 9am PST. Save your seat here: kaiandrew.com/live-webinar-registration/. I'll be sharing how we are using data to find and create dream income properties. See you there!
@djpettijohn6 ай бұрын
Wow the numbers on this deal are amazing, I thought I got a good deal on my first property but this is a home run. Good work Brian!
@KaiAndrew6 ай бұрын
Yeah, Bryan did a really good job scouting for the right property. What was your first deal?
@millerliftin3656 ай бұрын
Looking forward to working with you and the team in the next 18-24 months! Love the content and super inspired Kai!
@chris28844 ай бұрын
Your numbers are misleading. He didn’t build 303k in equity. He put 225k of renovations into it. He only added the 78k in equity.
I live in Georgia and if you can't get a booking in blue ridge or north ga mountains late, usually haiwasee has cheaper rates and is still really nice if you aren't really going anywhere during your stay.
@LooshChipper6 ай бұрын
Great content man 🎉
@KaiAndrew6 ай бұрын
Thank you, sir 🙏
@launching_para6 ай бұрын
This video does a great job at illustrating with numbers. In the back of my mind, however, I keep asking, "How does he / you hedge against economic downturn when tourism plummets?"
@KaiAndrew6 ай бұрын
Thanks! We build safety nets and underwrite our properties and markets for downturns. Making less money for months, or even years, should be considered in your analysis and underwriting process.
@Mindylee541Ай бұрын
I need help with my 10 acres of raw off grid land. I want to do an off grid air bnb. I'm across the road from BLM play area and 5 min drive to the reservoir. 30 minutes to town and 12 minutes to the local market. IM TIRED OF BEING BROKE!!!!
@weiminma886 ай бұрын
Fantastic video, Kai. I have a similar mind as Brian, but this property still blow my mind.
@TheInternalwisdom16 күн бұрын
I wish this was allowed in BC canada.. does anyone know what zoning you would need to be able to do this?
@TheRealMercyofGod6 ай бұрын
Moral of the story it takes money to make money nothing happens easy..
@KaiAndrew6 ай бұрын
As true as gravity itself. ;)
@Max-lb4xk6 ай бұрын
Takes work to make money
@geraldlofton6 ай бұрын
No it take brains 🧠 because I have all the money u need but if u don’t have a deal or PLAN u have nothing
@jacobcarlson3906 ай бұрын
@@geraldlofton I have a plan very similar to this one in the video. Maybe you'd want to hear more as I have the plans but not all the funds. If you & I can do a partnership that started through KZbin comments that'd be cool 😅
@dangerousfarmer4 ай бұрын
It does take money to make money, but that is generally used as a defeatist reason to not try and consequently, you’ll never make it without trying.
@LifeFer485 ай бұрын
Thank you Kai for the information and guidance! Kai has be an integral part in my partner and I's land hack.
@KaiAndrew5 ай бұрын
Of course! Who is this? Have I worked with you…:)
@waifungilism20045 ай бұрын
Awesome! Did he have to bring water wells to each individual unit or was it city connected?
@brianslowik20246 ай бұрын
What a great motivational story. YES LOTS OF HARD WORK
@KaiAndrew6 ай бұрын
Agreed! But it sure is worth it in the end. :)
@vivalosbitcoins82663 ай бұрын
How was he able to refinance with it being a double wide?
@michaelrendon31376 ай бұрын
It is worth noting that the months you showed you mentioned are the off season, that is actually the high season in the area so that is inflating the cabin numbers quite a bit. I have a cabin in the same area that I was able to compare to, it is interesting.. That cabin based on the months shown being about 1.5x the average, which would bring in 48k per year. Each of those structures will bring in 36k average per year. Given the refi this property could be negative, this should be sold in my opinion; or parcel it, keep some, sell the rest.
@KaiAndrew6 ай бұрын
Interesting. Thanks for sharing! I didn't know October thru January were peak months for areas like this - good to know.
@michaelrendon31376 ай бұрын
@@KaiAndrew honestly it is more like October - March for high season here, its great. Not trying to be negative just sharing how things have been in comparison but everyones property will perform differently of course. It looks like a great location I hope things go well!
@yonatanthedeveloper6 ай бұрын
Great video Kai - love the land hack Multifamily LTR move here
@KaiAndrew6 ай бұрын
Glad you enjoyed it!
@AndreiDante5 ай бұрын
How do you peach to the bank that you want to buy a land? I Romania, Europe, banks doesn't seem to let me borrow money for buying a piece of land and I have a lot of income from my job to cover all the expenses for a mortgage. For example, a piece of property that I was looking for, it costs 90k euros for 3100 square meters (Somewhere around 33368.12 square ft) and it won't give me a loan even tho I make 3k euro net per month (and my total living expenses sum up to 1.1k euro). basically leaving me with a total of 1.9k euro left to spend.
@williamdavies19774 ай бұрын
@KaiAndrew suggested in another video to buy a house with an excess of land to tap into a more traditional mortgage that typically expects a lower down payment than a land-only purchase.
@Bond000162 ай бұрын
your estimates are too the moon... Ive seen this before .... same marketing during the Bitcoin era just before a rug pull event. Conservative investimet off 10 K per month with Airbnb ... does that take into consideration the Airbnb Cuts ? taxes ? maintenance? and renting off costs ?
@KaiAndrew2 ай бұрын
Lol, I'd hardly consider my estimates anywhere close to crypto or Bitcoin. $10k across three doors is only $3333/mo each. Go ask any half-decent host and they'll tell you if that's achievable or not. Hint: yes it is.
@letsseewhatsnext13706 ай бұрын
Come on Kai! This is the exact situation on the Montana property. I’ll join landhacker if you partner with me on it 😁
@KaiAndrew6 ай бұрын
Bro, I don’t know you. Join landhacker and we will help you get it going on your own.
@letsseewhatsnext13706 ай бұрын
@@KaiAndrew lol. Fair enough. I may do that. I’ll put some serious thought into joining. Thanks Kai!
@Khanfuzed16 ай бұрын
it is unbelievable the naivety and grift expressed with these numbers. no my guy did make 300k in year one and it’s not “making” 250k/yr with 3 units.
@KaiAndrew6 ай бұрын
Ok 👍
@Khanfuzed16 ай бұрын
@@KaiAndrew stop over embellishing the focal points of your content and learn how to calculate real outcomes. youre doing this owner an injustice and hopeful people watching this video. do you really need to be hyperbolic and mischaracterize whats going on to get views and sell courses? is that really the play?
@Bogdanspath6 ай бұрын
@@Khanfuzed1 Every KZbin guru is the same, they'll do the most to sell you a course and once they take your money, it's on the next fool to scam. Numbers here are highly over exaggerated and there's zero risk tolerance.
@bernhardjohansen106 ай бұрын
Sweet video Kai! Hey we used your referral link when setting up our account on AirBNB in circa. June 2022, hope you got your kickback. 👍 Also we're looking at switching our A-Frame cabin from lame inefficient portable AC units to mini splits. Will definitely look into Mr Cool.
@KaiAndrew6 ай бұрын
Hey Bernhard! Thanks for using my link. I can't remember from 2 years ago though - lol. Mini-splits are a great option if you need something quick, easy and you don't mind the look. Hope everything is going well!
@bernhardjohansen106 ай бұрын
@@KaiAndrewThanks Kai! Hey we had some electricians come in last week to look at installing mini splits, and they said they wouldn't be able to do it because of how little available vertical wall space is on our A-Frame. Most of the vertical walls are either doors or windows. Any tips on how to install mini splits on the angled walls of an A-Frame?
@danielfinch94376 ай бұрын
A killer video, as always
@KaiAndrew6 ай бұрын
Thanks 🙏
@russellodom11 күн бұрын
Hope this dude had some flood insurance.
@tuanvu93596 ай бұрын
Inspiring stories no doubt.
@KaiAndrew6 ай бұрын
I think so too! :)
@financephofun70906 ай бұрын
Genius
@mybeloved16 ай бұрын
So what does that mean for the rest of the county when the comp taxes jack everyone else's taxes including yours. What about inflation and upcoming depression?
@KaiAndrew6 ай бұрын
Huh? When who does what with taxes? Inflation is fleeting. We have periods of high and low inflation - learn how to adapt. Depression? Go read up on the 1920/30s and 2008 depression and get back to me...Again, learn how to adapt.
@chrisfrancis84466 ай бұрын
Awesome
@ChalmersorLeahAndrews6 ай бұрын
He sounds like Luke Bryant
@KaiAndrew6 ай бұрын
Haha, yeah he does.
@JakeRichardsong6 ай бұрын
Had to stop watching...the editing is so bad. Motion, popping, edits for no reason. Blah.
@NBW100106 ай бұрын
First world problem. Sorry you had to endure that
@KaiAndrew6 ай бұрын
Thanks for trying, Jake! Maybe the next video will be more your taste.