How Much Can You Make With a Tiny Home Airbnb?

[@CodieSanchezCT]

Grab your tickets to my 3-day interactive, live, virtual event February 21-23 NOW. Early bird pricing won't last forever! 👉contrarianthinking.biz/4jl0Wfj

[@sirheisenberg4459]

Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.

[@brantheeskimo]

I advise you to invest in stocks to balance out your real estate, Even the worst recessions offer wonderful buying opportunities in the markets if you're cautious. Volatility can also result in excellent short-term buy and sell opportunities. This is not financial advice, but buy now because cash is definitely not king right now!

[@jorgeHudson-h4h]

Anticipate rising home prices due to inflation, potential economic fluctuations, and Federal Reserve actions, emphasizing the need for expert financial advice amid uncertainties.

[@KatyaSantos-g4c]

I need a guide so i can salvage my port-folio due to the massive dips and come up with better strategies. How can one reach this advisor?

[@jorgeHudson-h4h]

'Rebecca Nassar Dunne’ is the manager I use. Just research the name. You'd find necessary details to set up an appointment.

[@mariahudson9939]

I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.

[@aaron_x3]

Great job in seeing the value in this property and executing your vision. But for those wondering, this is only possible because his family is already wealthy.. For a 25 year to save $150k cash, get approved for a $700k line of credit, AND a $400k construction loan is impossible under normal circumstances. You would need an extremely wealthy co-signer and something very valuable to use as collateral for the bank.

[@BeachBum51050]

Not necessarily. Commercial loans look at, among other things, the debt service coverage ratio or DSCR. Since this appears to be his first commercial property, they will also look at his and her credit scores (probably a joint pull) and other sources of income and assets. The point is, you don't need a wealth co-signer if there are no hiccups in your loan file and the numbers make sense.

[@aaron_x3]

@@BeachBum51050 Yes necessarily. A construction loan of that size still requires a significant down payment and they still look at your debt-to-income ratio. This is especially true for a $700k line of credit. There is no way a bank is giving a regular 25 year old that much money without a very wealthy cosigner. You don't understand how much your DTI needs to be to even secure a $700k line of credit, and what is he using as collateral to secure over $1 million in loans? You really think banks will just give out money for nothing lol

[@BeachBum51050]

@@aaron_x3 First, I am a loan officer. I’ve seen 18-year-olds secure more. BTW, it is illegal to discriminate on age in lending so long as the person can legally bind a contract. I may have missed something, but he didn’t say where he got his funding from…. He didn’t say from a bank, did he? Anyway, do not confuse residential lending with commercial. Yes, it is true that if a borrower’s personal DTI is high, investors will run away fast. That is why I made a broad caveat. While it is generally true that conventional conforming loans normally require a 20% DP (typical overlay), commercial loans use different criteria. But if he used a Bank, it was a portfolio loan because this kind of deal does not conform to FHLMC nor FNMA guidance (e.g., multiple livable structures on a single parcel). But once again, this IS NOT a residential loan. Commercial lenders concern themselves with if the debt can be serviced. And bringing 10% to the table is adequate. Note: the land and the 150K equals that 10%. I’ve seen Lenders do it with less, but that was when the federal funds rate was at a record low a year ago. Lastly, the value of the completed project was the collateral. I hope this clears it up for you.

[@aaron_x3]

@@BeachBum51050 I see your point. To clarify, I brought up his age not because I think he would be discriminated against, but because it is unlikely for a 25 year old to have enough DTI to support over 1 million dollars in LOC and loans. I believe he also said he bought the property for $150k not that he put an additional $150k down as a DP. While anything is possible, it does seem extremely irresponsible for a lender to give out this kind of money for only that much collateral. I am an investor, we have attempted a similar project, and found that lenders had WAY more stringent criteria to lend out a fraction of the money that he got. They could have just as easily wasted the construction money and then the lender could only recoup a $150k property for over $1 million in debt. I guess I won't say it's impossible, but I'd sure like to know what kind of lender he's using that's so comfortable taking these kinds of risks.

[@BeachBum51050]

@@aaron_x3 Copy that. I think the 150k was mentioned in 2 ways. I need to re-watch, but land can be used as part of the downpayment or collateral on the LOC and final loan, obviously. If something goes sour early on, he'd lose the land. So many investors, so many levels of risk. I am guessing he closed on the construction loan with a 3- or 5-yr balloon @ 7 to 8% in the summer of 2021. The line of credit would use his personal DTI, but that amount is revolving and it got paid off when he closed (before the loan went perm). He didn't mention if he maxed out that line either. He and his wife probably have or had full-time jobs and low debt. I'd admit maybe he had a co-signer on the LOC if his combined income wasn't north of 200K ... if he used a bank. But he would likely be able to secure a SBA 7(a) as a bridge until the first close. His numbers look spectacular ... his cash flow easily covers that debt well before the 3rd year. If I was looking at this as a private placement, this would be a good investment (assuming the market analysis was proper, and the ROI/ROC was what one would expect). Hopefully, he or Codie can chime in to see how far off I am.

[@HappyCampersRescueRanch]

It's amazing to see everyone doing this now. I started off with a $1500 camper on airbnb 5 years ago at my 10 acre homestead i bought for 180k with a 4/3 double wide I live in 🎉

[@waty19]

Zoning - Most places won't allow 5-6 homes on a single piece of property without subdividing. This particular piece of land doesn't have any zoning requirements which makes it unique - At least unique that it doesn't have those requirements and is so close to a large city. None the less its a great idea - Congrats

[@mofoster2100]

His parents are connected.

[@AllthingsJimThorpePA]

Absolutely true in my area you would have to get the land classified as a "resort" very expensive time consuming and no guarantee that it will be approved

[@tracywatts1459]

Isn’t that the point on tiny homes. Being moveable there is no need for permits if a structure isn’t permanent?

[@redwolfexr]

Its outside city limits, Waco isn't THAT large of a town. Its actually not that hard to get zoning changes -- I am sure he did it as "tiny homes and RVs" and barely mentioned AirBNB. There are RV campgrounds all over the place just outside any city. Its a known business model. Tiny Homes and RVs are treated the same legally unless the home is over 400 Sq ft.

[@Mysweetreality_]

Texas Unrestricted land = goldmine

[@CrestedButteChalet]

This guy is the perfect balance of humble and hyper motivated. I love how efficiently he runs his business. He avoids key person risk at every turn. Super motivating for me as an Airbnb super host myself. Great video!

[@CodieSanchezCT]

❤❤❤

[@DIRTYFIGHT3R]

Hey, im not sure if its too important but you made a typo on the OTA - online travel agencies and typed onlie travel agencies at 15:04. Great video otherwise and thank you for the knowledge!!

[@skyboxmedia]

@@DIRTYFIGHT3R I noticed that too... but with KZbin, you can't make updates once it's launched like you can on Vimeo.

[@JewelWrites-so1gm]

The problem we have is because Most people always taught that " you only need a good job to become rich " . These billionaires are operating on a whole other playbook that many don't even know exists.

[@EmilyNora234]

​@janelookman7621Trading under the guidance of an expert is the best strategy for beginners.

[@EmilyNora234]

​@@AnnEve-mi5zvThe Fin-Advisor I'm in touch with is "Karen L Nancy". She was interviewed on CNBC Television. You can use someone else, but for me her strategy works hence my result is good and she provides entry and exit point for the securities that I focus on.

[@EvelynGrace-gs3ze]

​@@EmilyNora234Well, you are saying the fact. My first investment with "Karen L Nancy" earned me $8000 profit.

[@BrooklynHarlow21]

​@@EmilyNora234Wow! I'm just shock you mentioned and recommended Mr Karen L Nancy. I thought I'm the only benefiting from his services.

[@JohnMichael007]

Karen L Nancy is a stock prodigy and has handled my trade for 2 months now I have made over €10k in my portfolio.

[@Erikkurilla01]

Housing prices are unlikely to significantly decrease until there's a substantial increase in housing supply. In the USA , there's a shortage of millions of housing units, and construction isn't keeping pace. The constant demand for housing, coupled with population growth, means that even a slight price drop attracts numerous buyers who quickly absorb the available supply. I'm considering purchasing affordable houses in 2025 and possibly venturing into stock investments. When is the best time to enter the stock market? Some people say it is profitable , but others say it's risky. Any advice?

[@susannicky]

Consider investing in stocks especially during a recession . While recessions can be tough, they can also offer good chances to buy low and sell high in the markets if you're cautious. Just remember, this is not financial advice, but it's a good time to think about buying stocks since having cash on hand isn't always the best option

[@GhanYt]

If you lack market knowledge, your best bet is to seek advice or support from a consultant or investing coach. Contacting a consultant may sound simple, but it's how I've managed to stay afloat in the market and increase my portfolio to roughly 65% since January. It is, in my opinion, the best way to get started in the industry right now

[@KentBrono]

If you lack market knowledge, your best bet is to seek advice or support from a consultant or investing coach. Contacting a consultant may sound simple, but it's how I've managed to stay afloat in the market and increase my portfolio to roughly 65% since January. It is, in my opinion, the best way to get started in the industry right now.

[@KentBrono]

Home prices will eventually drop, but for now, it’s smart to pull your money out of the housing market and consider investing in stocks or gold. Mortgage rates are high, the economy is slowing down, and it’s getting harder to qualify for loans. Home prices will likely need to fall by 40-50% before the market stabilizes. If you’re unsure about what to do, it’s a good idea to talk to an independent financial advisor who understands the markets.

[@jessicasquire]

Mind if I ask you to recommend this particular coach you using their service??

[@rezatashakori9906]

I cannot get plans approved in a year and this guy built the whole thing in 9 1/2 months? I’m an architect and builder as well.

[@thespacesbetweenstudio3346]

exactly, the government screws up all great plans

[@robr7200]

What state are you in?

[@MaraWantuch]

Wrong slot? Charme the local official, takes some coffee drinking and cake

[@kane6529]

Move to Texas

[@SerenaBalejaSocialitePR]

This is nothing to do with money or investing this persons secret is hospitality, he’s a natural host, he knows exactly the experience that he wants to give and exactly what it’s worth.

[@jlovetravels5703]

The best comment so far.

[@chadchadchadchadchad]

Thanks for the info. I'm going to do this in Eastman, GA. I think I can get the property and house done for $100k. Not much to do in the area, but it's gonna be an A-frame house, and I think people will love that! Looking forward to making about $10k a week.

[@CaptainWooow]

you charging 1200/day on airbnb for a tiny house? good luck with that

[@kane6529]

That’s delusional

[@halljaso]

Codie I love everything about this video. From the cinematic perspective to the informational content. ❤❤❤❤

[@dylanmoris6211]

The issue is that either the renter or the owner must in some way pay insurance and property taxes if they want a "permanent roof" with utilities like electricity, gas and water. Because of this, many people at least in California, where I currently reside are living in tents. No taxes, rent, mortgages, or insurance. The number of people who tell me they live in their car that I meet amazes me. Its crazy out here!

[@williamsbrown4026]

I get such worries too. I'm 50 and retiring early. Already worried of the future and where its headed, especially in terms of finances and how to get by. I'm also considering making my first investment in the stock market, but how can I do so given that the market has been in a mess for the majority of the year?

[@UshnicYuvnikof]

@@williamsbrown4026 Personally, I can connect to that. When I began working with "Colleen Janie Towe," a fiduciary financial counsellor, my advantages were certain. In these circumstances, I would always advise getting professional help so they can steer you through choppy markets and just give you indicators and strategies for knowing when to enter and exit the market.

[@williamsbrown4026]

@@UshnicYuvnikof Please how do I connect to her? My funds are being murdered by inflation, and I'm looking for a more profitable investing strategy to put them to work.

[@UshnicYuvnikof]

@@williamsbrown4026 Colleen Janie Towe maintains an online presence that can be easily found through a simple search of her name on the internet.

[@user-gz7fv7qc8y]

Womp womp

[@khallodah1]

" I wanted to be affoardable for middle class families at a really elevated expereince" 11:30. this is inteligint book kind of talk to identifiy your costumoer then build aroound it. this is teachable how he aproaches his ideas. thank you for the content.

[@linethjauregui4767]

Wow, this video gave me such a clear vision for my property in Latin America's highly touristic zone! I have the same kind of property with a consistent year-round temperature of a pleasant 73 degrees. I was unsure about what to do with it until I stumbled upon this video. Now, thanks to the inspiration I've found here, I'm seriously considering turning it into a mini hotel! Thank you for sharing this content!

[@engineerhd5672]

I am an engineer and thinking about a similar project. Maybe we could collaborate?

[@ireviewdopesht7216]

​@@engineerhd5672where are you based?

[@kimberiysmarketstrategy]

Excellent!

[@mollyf6524]

My biggest question here is around the initial funds/loan which is what set him up to do this. How did he qualify for a million dollar loan plus a construction loan? Any clarity or additional info on this would be helpful since it’s the main lynch pin in all of this.

[@George_Bailey]

@Molly F... for some reason these linch pins are never discussed. Who exactly was the guarantor on this loan? What was the process for getting the funds? This wasn't an AirBNB bought for $140k. This was a piece of property bought for $140k with $1M+ in development poured into it.

[@slutrooster]

exactly lol his bro and dad definitely had some killer credit score profiles and assets possibly for collateral

[@wildernesscapes]

his dad's construction company provided the line of credit, or some similar arrangement. Came from family business.

[@fgstech4857]

Yes, big money is the key! He has a nice operation and that initial cash help him greatly.

[@tguchie]

All you need is daddys money, same story of so many famous people who have wealth.

[@1Boooooom1]

I see the cabin is 307 per night, that's 112,000 per year. It's hardly booked and has only 13 reviews. The number's don't add up.

[@MrDoGoOd1000]

exactly...who rents a cabin for 1300/day to make 550K..do they think people are stupid

[@wokethoughts2186]

There are multiple rentals on the property get a brain…

[@corriepolendey7054]

He speaks in the video close to 7 minutes in, that he has 7 cabins on the property.

[@1Boooooom1]

@corriepolendey7054 yeh, but the one in the video is booked 2 nights a month, if not anything. Most cabins in that area are empty most of the time. Anyway, i doubt these numbers, even with 7 cabins...

[@ruthgunneson-poling1571]

Yeah I just had 170k laying around, some cash I've saved up, construction loan....blah blah blah! Easy!

[@svetusik72]

You’re not completely honest- click bait- there are several tiny homes on the property and it cost him a lot more than 140k to develop the whole property - couple million dollars.

[@northstarpatriot8257]

Yes good catch. So how much does one home cost and net per year in revenue ?

[@MikesGarageReviews]

She definitely has ulterior motives. I can't stand people that make everything seem all dreamy. It's not that easy. Why would someone give all their money making tips.

[@MikesGarageReviews]

@@Eileen49654 Exactly! There’s money to be made but it’s not going to happen sitting around drinking piña coladas. He won’t make a million in 10 years 😂 I see these KZbinrs telling how to make money and it’s things that’s absolutely ridiculous. I know a guy that owns 25 rental houses and it took him years to acquire money and lots of hard work. Mom and daddy didn’t give him the money to invest he had to work years to buy one house at a time.

[@uniquepropertiesgreenville1181]

You obviously didn’t watch the whole video, he explained he got a bank loan for $1.2 million

[@svetusik72]

@@uniquepropertiesgreenville1181 you obviously did not read replies to my comments and missed the whole point of my comment

[@Msak2627]

It would be great to know more about the maintenance/cleaning/restocking aspect of move ins and outs.

[@networth00]

Yes. I have 6 airbnbs and it's a complete nightmare. People don't take care of anything.

[@sherilaufle1666]

He didn’t mention his cleaning crew; it was almost as if they didn’t exist, when any owners know it won’t work without good cleaners

[@alexsteven.m6414]

Around $250,000 was made when I sold my flat in Rochester. That's why I was upset when my standard savings account yielded only $171 in interest. It was suggested to me to buy stocks after I conducted some study. Which stocks would be a good place to start?

[@NorthCarolinaForward]

Although the stock market is exciting and can yield a healthy return on investment, professional advice is necessary for efficient portfolio management to prevent market burnout due to its extreme volatility.

[@belobelonce35]

I anticipated receiving $2,500 in interest on my initial $50,000 when I created a high-yield savings account online with 5.12863% interest compounded everyday. Rather, I was only given $420. I asked, and was informed that the website did not make it obvious that the interest is computed daily. With the help of an expert, my partner suggested that I switch to stocks, and in just six months, I experienced almost 80% capital increase (discounting dividends). Extremely advisable!

[@belobelonce35]

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Rebecca Nassar Dunne’” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.

[@MarcyLoccy]

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

[@jaroslavb.korinek7285]

VOO

[@chrisseats]

So the title should read "THESE SEVEN Airbnb homes make $550k a year"

[@VolcanTech]

Codie is such a natural selling beast. The swag on this lady,

[@anonymousf454]

I mean when you have the kind of backing that some of these young "entrepreneurs" have, the story becomes less of a business success story and more like a charitable donation from your folks story.

[@jamesrowland1508]

You’ll always be broke thinking like that

[@anonymousf454]

@@jamesrowland1508 far from broke...lol Zero correlation

[@Starfish2145]

Exactly

[@MANAGER1-1]

Isn't that the goal tho? 🤔 set your kids up for success?

[@anonymousf454]

@@MANAGER1-1 I guess so, but success depends on the definition. If I backed my son on a big land deal that he was going to manage, I would call it a success if he turned it into a cash cow, or flipped it for a nice ROI, and had another business venture in sight. Anything before that, I would consider him playing manager, and using the houses money. I suppose if I was in the position of this young man I would be doing the same as he is, which is trying to make it happen. Of course I have no clue of how much money this guy's family has, and this may be just a drop in the bucket for his pops. I would not bet the farm on my 20 year olds grandious dreams however, so he could play landlord. And with little to no skin in the game, that is what I would call it.

[@abovelovevibrations]

Im in ohio and Im tellin ya what! This is where its at! Its proven most people dont stop going on vacation they just spend less! This needs to aesthetic with the black farm house is love love love loved by us midwesterners! This is my plan! Ive been looking into this for a long time and studying people i know and their airbnbs in real life! I can and will build stuff like this! Coming soon!! Lol! Thanks love for doing this youtube as a woman you have no idea what this means to me to watch you, listen to you, learn and not feel so alone! When you have big ideas and you get whats going on and you live in small town ohio lol... ur surrounded by small minded people who don't have any interest in doing exactly what they are doing and get upset if you even say... u dont have to be poor!! Work harder and smarter and shit can change! So thank you seriously for taking all this hard work to make content to help others and show how ur helping yourself! Go woman!! Sending my light and love! Im watching everything keep being you!!

[@crystaljune473]

I’m 48years old living in California, am hoping to retire at 50 if things keep going well for me. Bought my first house last month and I can’t be more proud that am i now. Am glad i made great decision about my finances that change me forever

[@taofeekat2619]

Been down the road on multiple "Oscar" occasions. She's just a genius and fx goddess.

[@ebychuks9797]

Such an inspiring comment. Can you share your secret with me how you changed your finances?

[@NellyMiha05]

Never listen to speaker person who are 30’years old or below. They only experienced uphill markets, but never. downhill

[@NellyMiha05]

Bunch of kids with parents Trust money pretending to know everything. How did Airbnb performed during lockdowns when nobody flew??

[@ChadWOW123-dx1de]

Truly Inspiring All The Entrepreneurial Sprites Of Service! Build It And They Will Come!

[@CeeRiplayis]

I suggest you offset your real estate and get into stocks, As bad as it is, this creates good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king.

[@CeeRiplayis]

@saidmuhajadeen How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings?

[@TobinOsusky]

Hey Codie! Congrats on your KZbin success!! How awesome

[@ivantejeda]

🔥 I’m with you on this Tobin! This was a great video! P.S. If you have any other questions about starting & growing your Airbnb business lmk.

[@OffGridNorthIdaho]

So does the construction loan get approved based on the business plan financial projections, or the value of the completed property as a SFR? I LOVE this project and this plan.

[@lenmoss378]

Great interview ........but the numbers just don't stack up. What's going on here. Seven cabins, 100 per night, 95% occupancy, 550,000 then 1,000,000 cash flows?

[@thinerj1]

There are so many people who do it this out in the black hills of South Dakota. A lot of people so this around Mount Rushmore and Sturgis SD area.

[@franciscomaldonado678]

I became one of your fanatics your content is great and learning a lot from you thank you soo much Codie

[@smallwave69]

Could anyone just use simple math.... Please. 550k a year, that's 1560$ a day for a tiny house. If you manage to rent it out... EVERY Day 24/7 For that amount of money you could get a suit in Las Vegas, a huge cabin on a cruise ship...... and so on.

[@jesseschulepicks]

Doesn't he have several units on that property?

[@jimbob100-d3l]

Except you divide by 7...simple math

[@sugeyereynaa3715]

Codie, your interviews are always so informative and motivational. Thank you for sharing and always educating us. You Rock!

[@rightright6582]

Why was he suspended from airbnb?is he a bad-hombre...or good-hombre? We Texans like to know, we got people crossing our borders from the North, The East and the West, way more than what we see from the south. It is getting crowded here in Central Texas...

[@ivantejeda]

👋 Great question @Right Right! I’m thinking about making a video on this. Let me know if that’d be helpful. P.S. If you have any other questions about starting & growing your Airbnb business lmk.

[@melipretzel4639]

Who does the housekeeping? Are there rules about cleaning/sterilizing processes? All the best!

[@GhanYt]

Great video! For 2023, it’s hard to nail down specific predictions for the housing market is because it’s not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from homes to cars.

[@bahijarhafiri]

Such market uncertainties are the reason I don’t base my market judgements and decisions on rumours and here-says, got the best of me 2020 and had me holding worthless position in the market, I had to revamp my entire portfolio through the aid of an advisor, before I started seeing any significant results happens in my portfolio, been using the same advisor and I’ve scaled up 750k within 2 years, whether a bullish or down market, both makes for good profit, it all depends on where you’re looking.

[@bahijarhafiri]

Having a counselor is essential for portfolio diversification. My advisor is *ROCH DUNGCA-SCHREIBER* who is easily searchable and has extensive knowledge of the financial markets......

[@ユネッス]

What inspires me is how passionate about it . Great job guys Doing it with love 😅

[@ojaiandrew]

So wait a second. $550K per year means over $1500 per day at 100% occupancy. That’s crazy. With the glut of AirBnBs right now, I’m seeing properties like this one renting for closer to $150/night which would gross $55k at 100% occupancy. And that’s before any expenses. So many owners are getting out of the game. I’m very skeptical. - listened more and heard that there are 7 units - that makes it more feasible

[@ejw1234]

yeah, same when I heard "Cabins"...That's how the bank lent him the money.

[@Pj287.]

@@whiteman2181 math ain’t mathin but they are still making bank

[@ricardorodriguesrr18]

Many owner getting out of the game ? Do u know any of them or how are you getting this information?

[@2ndwavestrength]

Love it! Welcome to Waco Codie.

[@IssacBenAvram]

Thank you Codie. You're an amazing Contributor. Your wisdom giveaway and genuinely and generously wanting people to succeed is unmatched. I appreciate you. Issac

[@codiesanchez5584]

Congratulations! You are one of my lucky viewers today. I have something useful to present to you⤴️⤴️⤴️

[@ivantejeda]

🔥 I’m with you on this Isaac! This was a great video! P.S. If you have any other questions about starting & growing your Airbnb business lmk.

[@shortde1]

Hey Codie. Wouldn't be right to say that this sector is more a start-up business than shop around for an existing one? Maybe the Main Street Millionaire deal would be involving the land owner into the development project! Am I right?

[@AlexanderParham]

Such a great video! One question that I have is what thermostat and lighting system does Isaac use? I found that to be the most informative piece of information.

[@eduardoballesteroshoffmann6324]

The truth is that this type of content helps to worsen the housing crisis and property bubble!!

[@dvs6121]

10:55 7 cabins so he has: $550K/ (0.95*365days) = $1560/rentalday gross , $1560/7cabins = $226 gross revenue per cabin on each rentalday, so yeah it's possible.

[@TheWildpoppy]

So, how much does he rent the cabin for? The US 100 is per person?

[@charlesl1136]

$550K was the profit, not gross revenue. Still reasonable?

[@QBchrisReed]

Thoughts on an Airbnb community in the Knoxville area? It's an hour away from the smokie mountains so there isn't direct competition and the Tennessee river runs right through the city. There is plenty of land available that's river front.

[@bbassnyyt]

There are a lot of gaps in this story. How did he get the money to start at 25? If he went to college, that’s only 3 years removed. Is his family in construction or something? How did he formulate the plan to be able to turn the plot of land into something viable? Someone doesn’t just wake up and decide to build a septic system with no expertise… while the project is impressive, these things should be questioned (as you often say yourself).

[@gogo12able]

most likely alot diy work with family members working , extra hours but no pain no gain, but ofcourse for the click bait , they make it look easy , I want to see the hussels of the story 😅😅😅

[@WB13579]

I just Wonder how he gets the people to checkout on time, if anyone knows, however he seems to have an amazing property management system

[@boomieboo]

Only a million and a half dollars to do this? Holy cow! I can do several of these a year in my sleep. Rich guy becomes richer. Thanks for covering the really inspirational relatable journeys Codie.

[@colinsimon777]

$150-200k cash, $700k construction loan, $700k line of credit. A large portion of the video should be about the two loans… And how did a 25 year old accountant with no degree come up with this

[@howo357]

@@colinsimon777 there’s another video he explained how he started. Basically his dad and families are all in construction and they leveraged the business to get loans and labors. It’ll be a lot more difficult to do this for people who don’t have the connection this guy has. But without him finding the deal and his vision, this wouldn’t happen either.

[@philsowers]

@@howo357 ...and there it is! The only reason he could pull this off was to have the family put up their business as collateral... 🤦‍♂

[@stopato5772]

@@philsowers and it appears the 550K is the return on the 1.5mill investment, which is a very healthy 33% ROI. The business will have ongoing issues as the newly built become older.

[@Fatboylo1980]

Smell lot of bullshit here

[@vjballa21]

alot of hate saying he used daddy's money. I can tell you I don't have a rich dad, but I am able to leverage other people or bank's money to finance deals like these. If all you do is roll your eyes and troll people like this then you are doing yourself a disservice. This great video shows you what is possible. The video literally shows you HOW to do it with networking. Knowledge and changing your mindset is the key. If you stuck then shut up and learn something instead of being a negative nancy.

[@stone5578]

so what did they teach people in this video . cause all I heard was a guy 25 years old with no job , no college and no experience . yet he got a 1 million dollar loan . how would he get that loan without help ? you can do it the way you said. but he didnt and thats the point . this has nothing to do with trolling or hating. this video is misleading . yes without his dad and brother he would not be able to do this. and where he get the 140k his Peggy bank lol . give me a break

[@shawnl3151]

So 140k cash 1.4m construction loan 700k line of credit = $2.24m investment?

[@aniee249]

OMG, just clicked on this and was blown away, love this little short about this airbnb concept. Think smarter not harder. Im an older gen z so this is fabulous and marvelous. p.s I see you Codie, I see you baby girl love how you did this video, Cute, Quirlky, with a dash of Funny Crazy. So in I subscribed, What!!!!

[@ivantejeda]

🔥 I’m with you on this @aniee249! This was a great video! P.S. If you have any other questions about starting & growing your Airbnb business lmk.

[@brendan3081]

only thing i dont like about this is the community pool....it makes it feel to much like a hotel in the way that i have to hang out around random people.....but that makes me appreciate the fact that each unit has their own hot tub

[@ashe31]

Great Video, thank you. Something that I was waiting to hear about but never was addressed was the cleaning and maintenance staff. You can't really automate the bathroom cleaning and laundry service so how is that addressed in a quality way? One hair in the tub or bedroom can ruin a review so I was curious how he handles high standards with the cleaning crew, etc. The not fun stuff?

[@clayw9290]

I think about the success this guys has had but you have to consider what this area has going for it. This property is at the center of a triangle of large cities, Dallas, San Antonio and Houston with Austin about 1.5 hours away. Also Waco has Baylor University and Chip and Joanna Gains who draw a huge amount of visitors. Just from Chip and JoJo there are thousands of visitors to this area every day. So there are plenty of attractions that draw a lot people to the area. Also he has impeccable taste and he created a very nice especially attractive compound. All the ingredients of a successful short term rental are in place. So I wonder if you could replicate his cutesy compound yet locate it between Tulsa and Oklahoma City or OKC and Dallas if the revenue would be similar? So my point is the location of an Airbnb determines its potential then the design of the property exploits that potential.

[@Eileen49654]

You are 100% correct in your comment. Glad to know there is someone really thinking about his success. .How and Why I have 2, S.T.R there is no way I could charge what he does However, it is location, location,location and then quality I actually did well for the first 6 years. We put our main house on Airbnb before Airbnb was mainstream. I didn't know much about it. I was not brainstorming, planning, setting one up, or building one, I just listed My house wondering why anyone would want to come to my little town in Michigan. I was blown away! We got so many bookings we had to move out 70% of the reason is I happened to have a house 18 min away from one of the biggest tourist attractions in our State. It's FRANKENMUTH Michigan. It's was great until the pandemic, inflation, and an over saturation of STR in my area that mostly popped up last year It's ok, I'll wait it out. I had no up front cost, no debt, and the mortgage is dirt cheap since we've owned the house for 19 years Stay smart!

[@dilkycorteling2586]

What about cleaning the property

[@InvestorCenter]

I actually had an hour long conversation with Isaac a few months back as he is in the process of launching his own KZbin channel. What a great guy!

[@King-a-ling]

No you didnt

[@isaacfrench]

@@King-a-ling yes he did

[@C.Alejandro]

Can we get this for our 9 Year anniversary coming up December 21st!! ♥️♥️♥️ We are 26 years old and have 3 kids under 5yo….. we need a vacation!! 😅

[@Johnnyscarcarereviews]

Thank you for all your work to help make our lives better.

[@CodieSanchezCT]

Yay ❤

[@strikeforcealpha9343]

Gotta say, good video. I'm looking into doing my second room up at some point for next summer, so who knows.

[@cq7415]

Very interesting and informative. This place is almost totally automated so little personal time is required. Nice interview. Thanks for sharing.

[@ivantejeda]

🔥 I’m with you on this @C Q! This was a great video! P.S. If you have any other questions about starting & growing your Airbnb business lmk.

[@brandonwalker7947]

I love your content you just don’t just give a quick review on different side hustles You show us

[@danajohnson6273]

The pain of sacrifice is easier than the pain of regret. I would regret not ever going here with my family. We don’t do Disney or any traditional activities- we create memories. Hopefully we’ll win this giveaway and continue the memories tradition. Great vid.

[@erginig3319]

Wow!! Congratulations!!!

[@DJ-uk5mm]

Fab guy seen him before on another KZbin six months ago. Really interesting that he chose a non-touristic area that had potential but as a result was cheap and built a good product that people sort out. We should never forget that people go on holidays and vacations many miles from their home sometimes in foreign countries.Generally though they are all searching for an experienceNear the people especially in this day and age where people are fed up with travelling and over bureaucracy and intrusions from government agencies linked to crossing borders. Well done chap and great interview

[@stevenwpaquette]

🥳

[@kelsea5522]

We stayed here and LOVED it!

[@lurleanhunt9335]

Issac could do workshops showing how to integrate the various apps that he uses.

[@juliehayes3816]

Yes! I’d love more detail on the automation software he’s using!

[@WB13579]

Love it but does anyone know how he gets the people to checkout on time?

[@RakeshLahoti]

The editing of this video is phenomenal! ❤‍🔥

[@7808y]

looks cool. but some one from lake country Midwest, looks like a fake lake cabin setting with a dead pond. I think I can even see the blue dye in the water

[@yinandyangandinbetween8159]

I saw the same. Chemically treated for a standing water pond…. Hope no one is swimming in that thing…

[@dynamics9000]

I love this video and share this quote with you too, “A successful man is one who can lay a firm foundation with the bricks others have thrown at him.” -David Brinkley.

[@barryfitzhugh8739]

That was awesomely 👍 timely and intellectually 🤓 brilliant, 🏆 Yasin Nabi 👏👏👏.

[@velvxtte.]

Where did he get the cabin? Is it produced in US? Prefab? The design is very Icelandic. I have been looking for a cabin like this for a while.

[@The_landdeveloper]

poland

[@turtlrunr]

​@@The_landdeveloper Poland?? Another cost ...

[@Adams52523]

I read on CNBC about someone who is netting $20k a month from just his tradings in the market, which is from capital he had amassed long ago. That is incredible. How do people do that?

[@VickDru]

While the current market offers short- term profit potential, it's crucial to note that executing such a strategy requires expertise and skill.

[@PeterSimpson-mg9gg]

Having an adviser is the smartest approach in today's market, especially for those nearing retirement. I personally gained over $270K, which highlighted that there's valuable insight the average individual may not be aware of.

[@Adams52523]

How can I participate in this? I sincerely espire to establish a secure financial future and am eager to participate

[@PeterSimpson-mg9gg]

Patricia Strain ' is the manager I use. Just research the name. You'd find necessary details to set up an appointment

[@Adams52523]

Thank you for this. I GOOGLED her, she seems very proficient and flexible. I booked a session with her.

[@alexrcastillo1977]

Great property. Would love to come see it. We have an air bnb in Big Bear. And love it.

[@andrewclark8374]

Love this. We actually own property outside of a town in Arkansas. Definitely gonna put a few small cabins on it. And a commons area. We also own a flooring company so we have lots of amazing area rugs for staging cabins. What do you think of disc golf as a possible activity draw?

[@BigStick_energy_fishing]

I have lived in Waco Texas for almost a year and I never seen this place on the map in my business travels

[@AJFamilyboyz]

I would love to know how he got the $700k Line of Credit

[@ivantejeda]

Hey Andrew 👋 I’m thinking about making a video on this. Let me know if that’d be helpful. P.S. If you have any questions about starting & growing your Airbnb business lmk.

[@proche.io-broadcasttonearb40]

Demand is the key. It's easy to do Airbnb 10 years ago, but competition is too fierce in many parts of county, too hard to make money.

[@Patyad]

You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life

[@Victoria3ee]

Thanks for continuing updates I'd rather trade the stock market as it's more profitable. I make an average of $34,500 per week even though I barely trade myself.

[@MandyMoore-ie7jw]

I'm favoured financially, Thank you Jesus $32,000 weekly profit regardless of how bad it gets on the economy.

[@Clara-o3v]

Do you mind sharing info on the adviser who assisted you? I'm 39 now and would love to grow my portfolio and plan my retirement​

[@Patyad]

​@@Clara-o3vThanks to ALICE LEE CHEN FINANCIALS

[@Patyad]

She's a licensed broker here in the states

[@superhostreacts]

Fantastic video! Love it. Thank you!

[@ivantejeda]

🔥 I’m with you on this Ben! This was a great video! P.S. If you have any other questions about starting & growing your Airbnb business lmk.

[@ivantejeda]

🔥 I’m with you on this Ben! This was a great video! P.S. If you have any questions about starting & growing your Airbnb business lmk.

[@jaytpharaoh8411]

But also he said he started with $150k and got approved with a million dollar loan. He got dealt a great card and played well

[@TobyRussell]

That's some badass transitions and video edit

[@3xFranco]

Whenever he talks about something bad happening (suspended by AirBNB, breaking his pelvis), his next statement is, "That actually was a good thing because....". He seems to have done a good job of turning bad things into (profitable) lessons.

[@TJ-th9hw]

Isaac rocks! Thanks for having him on Codie! 👍👍

[@ivantejeda]

🔥 I’m with you on this @T J! This was a great video! P.S. If you have any other questions about starting & growing your Airbnb business lmk.

[@arianakonrady3757]

[@adrianyates9879]

The key to big returns is not big moving stocks. It's managing risk in relationship to reward. Having the correct size on and turning your edge as many times as necessary to reach your goal. That holds true from long term investing to day trading. This can only be done by a professional financial adviser.

[@jamesparker341]

I've actually been thinking of reaching a portfolio-adviser, my 401k and stocks been losing everything it's gained since 2020, mind if I looked-up this one coach you use?

[@adrianyates9879]

I began accumulating wealth when I started following up my investment properly,

[@jamesparker341]

Please how do I reach him?

[@adrianyates9879]

You can communicate with him on IG, with the username below.

[@viracitycorp2577]

Love this but its missing a few of the actual hard points, he went in with his dad and brothers, was an accountant ( good with numbers and prob bank and lending contacts), its all automated but he has a person checking bookings, and a property manager living on site managing cleaning, landscaping etc. Marketing thru other influencers. all costs, they talk about rev but not nett profit. Still a beautiful facility in a county without insane building regs like where we are in florida.

[@vivianabro8272]

Thank you for your great content. This is awesome! Congratulations and continued success to Codie and Isaac!

[@ivantejeda]

🔥 I’m with you on this Viviana! This was a great video! P.S. If you have any other questions about starting & growing your Airbnb business lmk.

[@philochristos]

I'm surprised a place like that in Texas would do that well even during the summer. It is so miserably hot in Texas during the summer, why would anybody consider that a vacation?

[@haciendadad]

Great video! Very inspiring! I can't wait to start something like this! I have two beach condos in FL, but I would love to get something like this going too! Love the Scandinavian style, I am an IKEA fan, and the edison lights, the tech, the minimalist style, the signs, the kayaks. I need to start going to some STRs Conventions to learn how to get from Here->There!! Also, your end of the video kick reminded me of that SNL character that always wears a jumpsuit that used the phrase "I'm 51 years old and I can still kick!" LOL

[@Hawk2phreak]

its incredibly impressive what he has done

[@socaljohnnyc]

Here is my important question - Can I get the travel bloggers that he paid $950 for $40,000 in bookings over a few days? I have a lake villa I would LOVE to do this for and quite frankly need to do this for. My lake villa is super rad but its not as impressive construction and remodel as this guys little lake. If you want to a collab on it I wouldn't mind

[@ROIbeastyt]

that is what I am saying! That is an insane ROI - $40,000 on a $950 investment and delivered in day? Thats 41X ROI in days? Who are these travel bloggers that deliver 41X ROI in hours?

[@socaljohnnyc]

@@ROIbeastyt Yeah that was a double take, I watched that section over and over again. I also had seen that guy before and heard that most of his bookings came from his own site which was fascinating and something I never hear

[@robloxracer8890]

Yeah 41X ROI in hours is a rarity and I'd argue I've never seen it before, except for maybe that guy that was on Tony Robbins channel that made $1 million in 24 hours. But even there we don't know what he spent on ads to generate that $1 million.

[@ROIbeastyt]

@@socaljohnnyc I may not know as much as experts about what % of bookings come from Airbnb or VRBO, but the majority of bookings coming from your own site sounds very rare.

[@ROIbeastyt]

@@robloxracer8890 its a great point and I recall seeing this guy and some of his videos with Tony Robbins. It would have cost him/them $24000 if they achieved a 41X ROI from that venture where they hit $1 million in 24 hours. Hard to know how much they spent on ads and their campaign but worth the research

[@JoelSHansen]

Isaac is a legend and a half

[@agm7636]

$1,500 a day 30 days a month for 12 months. I don't think so, but those are just my thoughts.

[@yrot1123]

she has a big nose and still growing everyday....LOL

[@charlesl1136]

The hot tub upgrades could help improving occupancy rate, but how many people are willing to pay a 50% price premium ( from $200 to $300 /night) for a hot tub? Very skeptical 🤨

[@henvestments0-1productions28]

Thank you Cody Sanchez for being awesome and everything thankful and fortunate "✨👑This is the best moment of my life 👑✨"

[@mompreneurlife]

❤incredible story. he's very smart. thanks for sharing.❤

[@nidd0]

Unfortunately, I had a disappointing experience with Airbnb's handling of host reviews. It seems that when false or inaccurate information is shared by guests, Airbnb does not adequately support their hosts. It's disheartening to see the platform prioritise subjective opinions over factual evidence. I hope Airbnb takes steps to address this issue and ensure fairness for hosts who are unjustly impacted by misleading reviews.

[@Zoldidi]

Am I missing something? Who does the cleaning and laundry?

[@michaelwinter5292]

Aweseome setup and business guys! Isaac design skills and attention to detail is incredible amazing! Codie just love your positivity and energy it is such a breath of fresh air! Just a question obviously this took a bit of captial investment upfront to setup, how did you guys go about that and how did you assess its viability initially?

[@thehovermatic1243]

Many airbnb owners are going broke because they’re over-leveraged and not getting the rental income they had thought they’d be getting. There are many places where the market is saturated. A unique architecture/landscape can help with the lower demand but not always.