I'm hosting a free webinar this weekend, Saturday December 17th at 9am PST if you want to learn and hear more about all things unique vacation rentals and how to make money with them. Free Register here: programs.kaiandrew.com/pl/2147579014
@FaultlessKing Жыл бұрын
The book is The Black Swan by Nassim Taleb for those wondering
@soobv Жыл бұрын
I did same thing with a manufactured home. Used to be a daycare, converted to a quad plex and rent out studio apartments short to medium term.
@patricklerato1775 Жыл бұрын
The Rich stay Richby spending like the poor and investing without stopping then the poor stay poor by spending like the Rich yet not investing like the Rich
@donaldmark3197 Жыл бұрын
People prefer to spend money on liabilities,Rather than investing in assets and be very profitable.
@johnnyrodney8186 Жыл бұрын
You're so correct! Save, invest and spend for necessities and a few luxuries relatives to on's total assets ratio.
@grantben5898 Жыл бұрын
This must be an investment with Mrs Lauren James
@velenziajohn7955 Жыл бұрын
@@grantben5898 I'm just shocked you mentioned Expert Lauren James thought am the only one trading with her
@grantben5898 Жыл бұрын
@@velenziajohn7955 Haha you don't have to be surprised Mrs Lauren is really good and everyone loves genuine services,she helped me recover what I lost trying to trade on my own.
@KaiAndrew Жыл бұрын
Join me and learn about the future of land hacking and Airbnb from my free in-depth Workshop: kaiandrew.com/workshop
@jerrycanjesse Жыл бұрын
I really like that you do these kind of videos. Really sets you apart. Appreciate the value you bring. Cheers!
@adhuffman9 Жыл бұрын
Hope this video blows up for you. It's definitely packed full of nuggets that have taken me a long time to learn. Anyone can do this if they just commit. And $4k/mo net is enough for a family of 4 to live from in most of the US. Especially if you are considered a real estate professional and can write off all the associated expenses.
@wildernesscapes Жыл бұрын
Bought at the top of the market, $230k for that home is expensive, and not much equity gained from the remodel.
@cyrusjulian187 Жыл бұрын
Yeah but look at the cash flow. Equity in both real estate and stock market has been built on artificially inflated values due to Fed printing policy. At least with that cash flow, it’s real and in her pocket
@trihuynh58404 ай бұрын
Great video. So much to learn from the host. Just do it and don’t listen to the others. Again thank you to both of you all
@taeganchoi7783 Жыл бұрын
I’m taking college business classes right now and I literally just learned about MACRS cost segregation. I’d love to hear about your new property too!
@letsseewhatsnext1370 Жыл бұрын
Kai! Come up and do a video on my property buddy. 2 homes on 1 property. Also a tree house. I have an awesome new build I know you’ll love. Includes a star light ceiling. Come on pal.
@american5564 Жыл бұрын
Double wides in my area are being bought in the $50k - $80k range, re-painted (sometimes) and re-listed for over $200k
@deepikaatkinson4111 Жыл бұрын
Wow, what great insights.. You guys gave me a good idea for my Airbnb property investments..$$ I might be looking to invest in big tourist locations & develop Camo style outdoor so visitors would have more fun. Plus I have other ideas.. Thanks again for the great video.
@shamircolloff8180 Жыл бұрын
Love the idea, and Kai, always love your videos. A few bones to pick here: $1,800 a month, fully loaded costs for managing the rental, the utilities, the mortgage etc? That's not very believable. Doing $6,000 a monthly rentals and your cleaning and maintenance fees plus your mortgage plus utilities plus your property taxes are under $2,000? Also, 1 hour per week? How many inquiries is that responding to? Guest questions? I think the new car smell with a brand new unit may wear off soon and require some more hours, if we're being honest. Not a full time job, no doubt, but I think 1 hour is a pretty unrealistic estimate TBH. nice example of how small changes can make a big difference on a house though!
@CC-gv6us Жыл бұрын
No doubt some questionable numbers. Checking her airbnb profile says her husband works for the youtuber here so...
@shamircolloff8180 Жыл бұрын
@@CC-gv6us that makes sense. No hate on Kai for hustling up more content, just feels like it shouldn't be unrealistic.
@coolfool102191 Жыл бұрын
Doesn't seem that unreasonable to me. She said she bought it for $230k with 10% down. I'm guessing that was probably around a year ago when interest rates were lower. That would put her total mortgage including taxes and insurance around $1300 to $1400 a month. The rest would be money set aside for repairs and maintenance and cleaning etc. $1800 a month in expenses sounds about right based on all that
@shamircolloff8180 Жыл бұрын
@@coolfool102191 I know I am not supposed to argue with strangers on the internet....but... :) OK, here's how I think about it - I think $1,400 is right for mortgage, insurance and property taxes; but she's running close to 100% occupancy - so assuming her average stay duration is a 7 days (which would be quite high I think), she's got 4-5 cleanings/month - at even $100/cleaning that's taking us to her "monthly expenses" without ANY utilities, upkeep, or deferred maintenance. And if she has any 3-4 days stays in there, she could easily see 5-7 cleanings/month, during her high season. I don't doubt this is a profitable enterprise, I just take issue with the numbers being closer to the "too good to be true" category with the purpose of drawing in folks for paid learning. If she's got 90% occupancy. someone who doesn't care about the power bill is in her house 27 days a month using the fan, AC, TV, etc. Just my experience/$.02!
@taylorsessions4143 Жыл бұрын
@@shamircolloff8180 what about extended stay visits? A big part of Air BNB pricing strategy is to offer a discount to those who are booking multiple months. When it comes to cleaning fees, if they are passing the entire expense on to the guest then it's possible that it didn't even show up in the equation. My thoughts about the numbers here are that it doesn't include things like replacing towels and bed sheets since that probably not a monthly cost. If you've got close to 100% occupancy, how long until all the beds and furniture need to be replaced? Still, if they are presenting an average breakdown per month then I think their numbers aren't as far fetched as you think.
@tuanvu93593 ай бұрын
Good telling video Kai! I enjoyed your sense of humor 😊
@crystalschild162329 күн бұрын
It would be awesome if you could link the rental properties in your description.
@radupreguza42702 ай бұрын
Jănea, îmi place felul în care filmezi 👍🏻 și montezi video
@matildarfierro5444 Жыл бұрын
Great video. you've reminded me of what someone once said ❤ Your assets are your employees. Invest more on those performing well. Let the non-performers go
@johnpowell7829 Жыл бұрын
As much as I’d like to pay to have work done, 50,000 would wipe me out. I’ve had to buy completely remodeled or work on the property myself for long term rentals. My question is where are airbnbs headed with a downturn in the market?
@kataclysmic4350 Жыл бұрын
I’m looking to build an Air BNB near the South Gate entrance, I’d love to get the contact of the designer and contractor! Great video
@Investlyy Жыл бұрын
futher more about airbnb all information you can get from me
@kristinrodriguezrealtordmv3434 Жыл бұрын
I love this! Great episode. I own a few homes but I have thought about Manufactured homes. Does she own the lot? Sorry if I missed that in the video.
@stevendnguyen Жыл бұрын
I was able to scale from 0 to 90 units without partners while working a full time W-2 job. Learn to generate off market deals, structure creative financing, and that is how you scale with low or no money down.
@scott2744 Жыл бұрын
would you be willing to share how this is done?
@alexjbriiones Жыл бұрын
One important thing you did not talk about was water ( I see some big tanks there).
@juslostone Жыл бұрын
We're right from the beginning when you say it's in a hot market, it's in a hot market. Nothing magical about it
@KaiAndrew Жыл бұрын
You should buy a $100k manufactured home and do the same then. Takes no talent or skill in any hot market…right?
@justinq8345 Жыл бұрын
What? Close to Phoenix? 2.5hrs away? NOBODY is using that house for access to Phoenix
@DenRoedeMogM Жыл бұрын
What's the difference between making, building, creating and manufacturing a house like this..?
@ddlandry1 Жыл бұрын
Great video! What was the name of the book you gave her?
@julieburkhardt61 Жыл бұрын
I’d like to know more about the water system and/or waste system. I see the water tanks. Is that a rainwater collection system or something else. I assume it is on a well and septic otherwise?
@tarekkhaledyassin4559 Жыл бұрын
Where’s the exact location of the property? Thanks
@zuiking4915 Жыл бұрын
I want to do that, and I live in a Mobile Home, but the Park doesn't allow to sublet 😭, her situation must be different, that is nice!
@matildarfierro5444 Жыл бұрын
Great video. you've remind me of what someone once said❤ Making money is an Action, keeping money is behavior, Growing money is Knowledge. I once attended seminar and ever since then i been waxing strong financially, and i most tell you the truth.
@patienceeric3236 Жыл бұрын
People prefer to spend money on liabilities,Rather than investing in assets and be very profitable.
@emmamartinezs5046 Жыл бұрын
You're so correct! Save, invest and spend for necessities and a few luxuries relatives to on's total assets ratio.
@user-u818 Жыл бұрын
This must be an investment with Mrs Maureen K carr
@simonkatz6789 Жыл бұрын
I invested in both stock and Cry ptő but I'm doing much better on Cry ptő with the favourable market price
@andreamfernando9485 Жыл бұрын
Such a wonderful personality, you’re totally a genius with your work and you have the best options.thank you for your help Ms Maureen
@xDoleYT Жыл бұрын
Love The vids! Would love more of that Skandinavia content to 🤩
@KaiAndrew Жыл бұрын
Thanks! We will see what else is in store :)
@hairyhairyme Жыл бұрын
The home is done so beautifully
@jbag9895 Жыл бұрын
The $4k a month cash flow is not making sense to me. For $6k revenue and $1800 expenses, how much does she pay for cleaning in between guests? $200 a month?
@capecharlestinylivin5914 Жыл бұрын
Another great video! Keep them coming
@thelmacastro4304 Жыл бұрын
Hi Kai, I enjoy your videos. You provide great tips. I just purchased a vacant lot. You think screen frame homes would make good airbnbs? Thanks
@notpoliticallycorrect Жыл бұрын
I love this channel! Great content!
@lukem5962 Жыл бұрын
Hey Kai I’m thinking about renting out land on my property to someone who lives full time in their rv. I could provide the electricity and water hookup from my home. See any issues or have further suggestions? I’m in Jurupa valley California, thanks!
@sylviaortega3821 Жыл бұрын
Hi Luke , provide me your information i might be interested. Thank you Sylvia
@idrivefast9095 Жыл бұрын
Airbnb is tanking - “insane cash flowing machine” ---about to break.
@jeremypalmer7177 Жыл бұрын
It'll still be good for unique properties in popular markets. Where it's really tanking is people doing short term rentals with average looking houses. Also a good idea to have your own website for bookings.
@jameslivergood348 Жыл бұрын
The commoditization of shelter is truly leacherous.
@SpearsOfCrystal Жыл бұрын
Tell your buddy Eugene To send me a message if he wants the ingredients to get that digestive system moving!! I have an insane cleanse routine!
@KaiAndrew Жыл бұрын
Will do!!
@AzElenee Жыл бұрын
Smooth move
@miketdarnell Жыл бұрын
Paradigm shift🤯
@Ali-ox2vb Жыл бұрын
No mention of closing costs .. just down payment ?
@Chris-ke7bn Жыл бұрын
Bro that's a ford fusion. Lemme tell you. Try are not bad cars. Smooth rides and tons of room 😌
@MrTotbs Жыл бұрын
What is the name of the book
@roamwithdory Жыл бұрын
Is water supply hauled in this airbnb? And... did it already come with power source when she purchased it? thanks!
@ImpressiveGlow Жыл бұрын
Is her marketing all Airbnb?
@KaiAndrew Жыл бұрын
For right now, yes.
@ImpressiveGlow Жыл бұрын
@@KaiAndrew that's awesome. Great property!
@everardwhangapirita3821 Жыл бұрын
What are the blinds called @10:30 into the video and where can they be sourced?
@JesseCracksMTG Жыл бұрын
I didn’t know you lived here(in Austin) welcome 🤗
@KaiAndrew Жыл бұрын
Coming soon. :)
@0800filmez Жыл бұрын
Please share the name of the blinds? Can't find anywhere
@KaiAndrew Жыл бұрын
Ooo, I’m not sure. I’ll have to ask.
@Gislaina Жыл бұрын
It’s just a cordless blind you can get them at Home Depot or any hardware store that sells blinds
@0800filmez Жыл бұрын
@@KaiAndrew thanks, Kai!
@0800filmez Жыл бұрын
@@Gislaina thank you!
@Crushanator1 Жыл бұрын
Yeah, I put the home depot ones in my property, super easy to install, pretty inexpensive and they come in a few colors too. The "blackout" option is really nice for bedrooms, it lets so little light through
@nucreation9833 Жыл бұрын
9:22 what was that running on the floor??????
@uhhwyooo Жыл бұрын
and the book titles? Please
@KaiAndrew Жыл бұрын
Black Swan by Nassim Taleb
@johnfenster Жыл бұрын
Awesome!
@christiaantober24619 ай бұрын
Terrible shape? It looked just fine!
@serrevineyards Жыл бұрын
No calendly links available for the accountant chat
@Flipping_Assets10 ай бұрын
Who takes care of all your properties when their all over?
@jimmyrussell8834 Жыл бұрын
Misleading thumbnail.... It wasn't bought with only 23k..
@KaiAndrew Жыл бұрын
Uhh…yes it was. She had $23k. Used it as a down payment and got the home. Investors calculate returns of initial sunk investment.
@onetwo4932 Жыл бұрын
Kai do you have an LLC? If so is it private?
@c.connell1802 Жыл бұрын
Amazing video and thank you for breaking it down!! Despite the economic downturn, I'm so happy 😊I have been earning $ 60,000 returns from my $7,000 investment every 12days.
@beckymitchum27 Жыл бұрын
@Mariela Steffan Consistently investing with proper guidance in quality dividend paying companies is a relatively easy strategy to create wealth. Well I copy trades from daily signals of Mrs Benito Revilla as recommended here previously
@pamatkins-burdette9125 Жыл бұрын
@@beckymitchum27 When I glance through your comments, I know you must be talking about Mrs Benito. It's been 3 months of steady crypto growth using her trading strategy.
@melissastone434 Жыл бұрын
@Turner Elkins L. Amazing!!! found Mrs Benito Revilla 2 months ago here also!!! This is so validating hearing you also got her recommendations!!! Yes cheers to be part of her coaching program.
@harryjacob629 Жыл бұрын
Crypto Trading remains a priority, I'm proudly a huge beneficiary of Benito Revilla services. About a month ago sold most of my stocks at a lost and took what I have and reinvested and those stocks were green today. I gained over $30k.
@joelsteveson7156 Жыл бұрын
Absolutely true at these very moment that the crypto markets is bearish, it's very likely for investors to lose money. So far this year, I have gained around $60k for the past few months with the help of Benito's trading strategy.
@shinywhitelotus Жыл бұрын
is this vacation mobil home still available for sale?
@mccoyfutchjourney Жыл бұрын
This is awesome
@Kayakamuy Жыл бұрын
Who is your editor 👀👀 i would like to hire
@donapaulin2600 Жыл бұрын
EUGENE: TRY CHIA SEEDS! 👍🏻👍🏻💩😏
@estebanramirez5252 Жыл бұрын
Gift for who ?
@waylonforgue8789 Жыл бұрын
I will forever be indebted to you you've changed my whole life continue to preach about your name for the world to hear you've saved me from a huge financial debt with just little investment, thanks so much Mrs. Karen Cosmann
@dr.albertroland Жыл бұрын
I'm surprised you know her too. I've been making a lot of profits investing with her for a few months now.
@victoriarodriguez3985 Жыл бұрын
I'm new at this, please how can i reach your broker
@waylonforgue8789 Жыл бұрын
@@victoriarodriguez3985 You can communicate with her on telegam with the user name below
@waylonforgue8789 Жыл бұрын
investwithcosmann💯
@victoriarodriguez3985 Жыл бұрын
@@waylonforgue8789 Thank you
@LGnLA Жыл бұрын
So click-bait, 230K vs 23K...🤔
@KaiAndrew Жыл бұрын
$23k left her bank account to purchase the home…pretty dang good deal.
@lightleaker7045Ай бұрын
Payout
@lenorarandall5439 Жыл бұрын
I jumped and I wasn't even there for the rat.
@wildernesscapes Жыл бұрын
She really puts me off - she considers an hour a week as semi-passive? That's nothing! Also as owner she has no idea if the property is on an HOA (doesn't she get the taxes?), no idea where furnisture came from, and really has a hands off approach, making all the money but totally needing everyone else to do all the work for her. I'm sorry, but 5 rentals isn't so much that you should still know details about your property, it's your baby!
@thisisreallife9026 Жыл бұрын
Of course, you would assume that without knowing anything about her life. She is a working "mom", She has a human baby literally, and you think this rental house should be her baby? Even if it isn't, look how good of a work she managed to do, how good of a team she managed to create and ultimately made it all work, You're jealous.
@thisisreallife9026 Жыл бұрын
@Hanííbą́ą́z Why?
@swdy0201 Жыл бұрын
Dude….take it easy
@BradJulieParker Жыл бұрын
😂 simmer down - people run their businesses in a way that works for them. Delegation is a beautiful thing if you have a team of people you can trust around you.
@theloudprofessional Жыл бұрын
Boss people don’t usually know all that. They just use money to make more money. 😂😂😂 hater!
@ansondipnarinesingh2208 Жыл бұрын
Did anyone else get GOT by that rat?? Fantastic edit - totally scared me!
@robertruschak7083 Жыл бұрын
A Gura selling a course lololol
@seveng86sg Жыл бұрын
HOA yuck
@flawaii-pines6858 Жыл бұрын
Wayyyy to long of a video.
@harkarai1114 Жыл бұрын
1984 ? No thank you
@KaiAndrew Жыл бұрын
what's wrong with 1984?
@patricksears16321 күн бұрын
World class level of bullshit
@davonthompson7113 Жыл бұрын
Lying 🤥
@krissanders4949 Жыл бұрын
Oh god - no one cares about this.
@bigz526210 ай бұрын
Eugene needs to eat more animal fats
@buckhittingalick Жыл бұрын
First
@Demoncorp Жыл бұрын
👿
@KaiAndrew Жыл бұрын
Haha
@blackjackdoggy7413 Жыл бұрын
Metamucil.. you’re welcome!
@Pressplay_Media_EU Жыл бұрын
2:49 - 2:51 as with many other frustrating things in life, I'm sure he doesn;t want to talk about it
@jordankelly4684 Жыл бұрын
This some real slum lord shit
@wetspotswimwear1199 Жыл бұрын
She says, "we did ... " Well, she did nothing, her team did everything. She knows nothing about her property and will lose it because of her ignorance. She thinks the door color was her idea ? How the hell do you not know if a door color was your decision or not ?
@cyrusjulian187 Жыл бұрын
Why you hating? She’s a boss, not a worker. Biggest mistake in my life was not learning this mindset earlier. You need to focus on higher value activities like finding and analyzing good deals, not painting a wall or fixing a faucet bro. Peace and good luck with your endeavors