How to Retire Early by Investing in Airbnbs
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- เผยแพร่เมื่อ 29 มิ.ย. 2024
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Tony's Instagram: / tonyjrobinson
Sara's Instagram: / saraaraad
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Some people get excited about the Kardashians then there is me who gets excited about the Robinsons 😬
😂😂 we appreciate you for that!
Great channel you two! You can see the time and energy you are putting into your content! I hope it continues to snowball for you!
Thanks so much!! We appreciate you supporting
I started following you both today, I love the attention to details and real life experience transparency. Keep it up.
Love the content! Y’all give me and my wife hope! Appreciate y’all taking us on the journey with y’all!
We appreciate YOU for joining us on this journey
I love to watch your videos! Keep the inspiration coming!
Thanks so much! We appreciate the kind words 🙏🏿🙏🏿
Hi guys, the 5 levels are presented in a simple, clear, and ease to understand way. Keep going your voice is greatly needed.
Thanks so much!!
I have to say that I loved this video. So informative and helpful. Love the energy you guys have.
Glad you enjoyed it!
Your honesty is SO APPRECIATED!! ♥️
We appreciate that so much!
Thanks for the info guys 💪🏽💪🏽
Started following you yesterday. Wife and I are ready to pursue this. I have a good job but want more time with my family. Thank you for all the great information.
Wow. This really hit home. I'm where yall were with financial dependence. Great salary etc. But the "feeling like I'm doing something wrong when you ask for time off" really punched me in the face bc that's exactly how I feel rn. Soooo nervous every time I'm off!!!
peace and blessings. I subscribed and liked the video. thank you for education.
You guys are inspirational, keep it up 💯
Love your energy, plus you are really making me Interested in short term rentals I feel like not many people are talking about it as a serious investment compare to other real estate.
Keep doing what your doing stay healthy stay strong and stay together !
Thanks so much!
Love the video edits! Makes me chuckle every time lol 😂
Glad you enjoyed it!!
Fun to stumble across your channel. I’m currently at level 4. After one finally gets to level 3, the pace of the snowball picks up substantially.
Congrats to you for crushing it!!
God bless and thanks for the great advice 🇺🇸🙏🇺🇸
Love your channel. You guys provide clear, concise information unlike a lot of other channels that just give a lot of "hype"
Thanks so much!!! We really do put a lot of effort into our content. Glad you’re enjoying it 👌🏿🙏🏿
Great video! Thank you 🙏
Love your channel. We live in California and bought a house 10 months ago to Airbnb. I am striving for FIRE. I think it will happen hopefully in my 40s! I'm hoping the house will help us. I live in the San Fernando Valley and couldn't afford a home here so instead bought one 2 hours away in a camping community. Some think we are crazy, I know it will pay off.
It will DEFINITELY pay off. Sometimes, you have to bet on yourself, even when everyone else thinks you’re crazy.
I just downloaded the Analysis Tool. Wow!! I can't express how much more organized all of my info is now, Thank you for all the time you put in to build it! Seriously y'all should be charging for this thing.
Glad it was helpful!
I learned a lot from this video & your editing kept me engaged
Thank you! We’ll be sure to pass the kind words on to our editor.
Love it, you two keep it simple, love it, thank you💋💋💋
Thanks for watching!
GREAT ENERGY and clear purpose!!!!! 🔥🔥🔥🔥🔥
Thank you!!
Dope channel yall!!!!!
Thanks for another informative video, really loved the editing! Can you make a video doing a deep dive of each of your air bnbs and how much they are making? what areas you guys chose and why, the costs involved for furnishing and setting up for a smaller house vs. a bigger more luxurious house? the video showed simple easy to understand numbers but it would be nice to get a more detailed version of the properties you guys have! thank you
Hey! We actually already have some videos on our channel that (a) do a deep dive on the profit generated (b) how to design your property. Check them out!
Thanks for creating this video! Congratulations for achieving financial independence!
All the best on your journey to achieving financial abundance and legacy!
Thank you so much!
Love this, and this is sooo true! This is what I am working towards. You guys are very inspirational and motivational 🤜🤛💗😉 That hopeful song clip was EVERYTHING by the way 😁🤣
Thank you!! And glad you enjoyed it 😂
I love this!!
I love your content and quality. Very inspiring.
Happy to hear that!
That BP spot really helped the channel along
Thank you both love your stuff
Thank you for supporting!!
Have been watching you for over a year now! Grateful to have found this channel as you guys inspired me to start my career in Airbnb’s. I am in the process of closing on my second property in gatlinburg:)
Congrats Tyler!!
Chingaderas ja ja ja that’s funny
Great content
Great video and insight. I’m 36 and about to hit level 3. 04/01 I will be leaving my 80k/yr job(Texas no state taxes) at a fortune 100 company that I previously thought I’d retire from. I’m chasing time with my wife and 2 daughters. I’m going with mixture of fix and flip along with short term rentals. Raised capital myself with my previous savings and recent properly sale. So no investors needed, just myself. I look foreword to keeping up with your channel. Be well.
Congrats on leaving your job! Wishing you nothing but the best!
Well done! Fix and flip only residential property or also short term rentals? :)
Y’all raw as hell I like y’all and how y’all dish it out Foshoo.
💯
Honestly I’m so happy for you guys. I’ve been watching your videos since day 1. I’m super impressed with the speed you guys have been able to grow your business. Keep up the great work! Quick question, what’s your opinion on airdna and how much of a help has it been to you?
Thank you so much! And we use PriceLabs for most of our analysis
Thank you for the information with a little humor.
Thank you for watching!!
This is just great content
Good stuff, thanks for sharing your knowledge! What was you w2 job Tony?
Good video. Thanks for sharing.
Thank you!
Moving along the spectrum over time. I like that line
It’s a marathon, not a race 😤
Great video. Just started renting my one bedroom condo air bnb in lake havasu a month ago.2400 in the 1st month.having fun with this.you guys have fun too and keep up the great job.😁
Thank you!
This is so inspirational guys, keep doing what you are doing. I am about the reaching point of level 3. Just scared to leave my w2 behind because I'm the only income in our family. Thanks guys, this is Abel from bootcamp
Congrats on making progress towards level 3!
New subscriber I’m here for the information
We appreciate you subscribing!
Awesome Couple just was wondering what is short term rentals by the way sounds very interesting. Thanks.
LMAOOO the part where he says chingaderas 😂😂 threw me off guard hahaha! I love you guys! I just got hired on to help a property manager for short term rentals & I’m loving it so far! Please continue to post your informative videos. Sending love from Escondido CA! 🙌♥️
Thanks so much!
Those long nights paid off Tony, good job
Teamwork Makes the Dream Work
You two are so awesome. Tony your are super smart and am so happy I found you guys channels. Am a doctor looking forward to specialist in Emergency medicine but lately I have being thinking of either leaving medical practice completely and dive into real estate with part time lecturing in college or university or completely retiring and facing my real estate business. It is really a difficult decision for me to make and chose.
Real estate has been a path to time & financial freedom for so many, and it can be for you as well!
Man... The production quality was great and there was so much awesome info. How do you guys only have 13k subs?
Wow, thank you so much! Haha, we’re wondering how we’re only at 13k too! Share & subscribe 🙏🏿🙏🏼
@@TheRealEstateRobinsons already subscribed! Will definitely share for sure.
Whoever edits these is hilarious🤣🤣 love you guys!
Thank you! We’ll be sure to pass the kind words along to our editor.
Super helpful! Thinking about buying land in yucca valley !! Any reccs on realtor / contractors? Thank you :)
Hello real estate Robinsons, Tony I absolutely love the podcast listen to you guys everyday. I love the dynamic you and your wife has on this venture of short-term rentals my wife and I are going to do the same thing in Puerto Rico this summer it'll be our first time. So I wanted to know if you had any advice on how to jump into a short-term rental market like Puerto Rico there's a lot of short-term rentals down there not enough hotels I'm not scared of the competition but just wanted to know what was the best course of action to take jump into this, Puerto Rico is not talked about much in short-term rentals any advice would absolutely help
Thank you so much for supporting! We’ve never invested out of the country before, but a lot of what we share on the channel should translate.
Great video! Tony looks like a young Reggie Wayne. Threw me off for a minute. lol!
😂
I love Sarah! She is hilarious and keeps it real! Great information guys! I own 2 STR's and they cash flow so amazingly 🙏🏼 I plan to Arbitrage my next two. Keep on thriving and give us the good word
😂 thank you! And congrats on your two STRs!
Hey I been saving for a while now n just touched my $10k I don’t know where to start any mentoring tips ?
Inspiring
Thank you!
At 10:33 it turned to a BET movie 🤣🤣🤣…you guys are awesome great content
😂😂
In the same boat!
Congrats!!
Dropping 💎💎💎
Thank you!
21:12 imm dead.... lol
Wow!! That Spanish was "on point"👌
😂😂
One thing that you HAVE TO figure in is what do you need to do if seller takes Washer/Dryer and scratches up the floors
I had to buy new Washer, new Dryer and have the floors redone ...about 2500 just for those 3 items!
Should those pre-rental expenses be included into "Closing Costs" ?
It was literally the Beetlejuice reference that made me subscribe!!! 😄
😂😂 we appreciate you subscribing!
My boy said chingaderas. Ha ha. Great content you two.
Haha, I’ll have to break out the Spanish a little more often 😂
Nice 👍
Do you have a list of all the items needed in a short-term rental
Your wife is a Golden Rock! Never leave her!
❤️❤️
Straight up QUEEN AND KING SHIT 👏🏼
I get reinvesting in more properties with the cash flow you obtain from them, but that startup cost is a tall order. Especially if you want to purchase a property that will provide an attractive return. Very good video though.
The video was mean to be instructional and provide a framework on how to leave your job. but the exact numbers will vary from person to person. Hope that helps!
With home prices so high and almost out of reach, how can you still afford the monthly? How consistent that you'd be able to rent it out every month to cover the mortgage?
Do you guys have a video on your perspective of how to balance being business partners and married????
We don’t yet! But it’s a great idea for a future video. Be sure to subscribe so you’re notified once it drops !
“Chingaderas” 😹😹 subbing
😂😂 thank you!
Great Video Tony and Sarah!! Loved how professionally you presented this information. Question though: How can someone live with $6000 a month (72K a year) income in CA because 1. CA is very expensive 2. we have to pay taxes also and that will bring down net income to somewhere to $65K, correct?
The numbers here were more for example sake. The actual numbers will vary from city to city, but the framework should hold true.
Wow. I really like you ended the video by explaining the break down of how you can essentially keep buying STR properties. AND how it takes less time to save up for each. The only question is, how to factor in DTI as you grow? I would think the 60k all in for each property would need to keep increasing for the people who let’s say have almost 50% DTI. Anyway wow, this really made me start thinking 🤯
DTI can definitely turn into a limiting factor, but that’s where partnerships can help bridge the gap!
After two years of income from a property most banks will start to see that as a part of your income and it works towards your benefit. I'd ask banks in your area if that's how they work!
Any tips on finding partners to invest in STR?
Shout out to Tony for the “chingaderas” comment. I’m so here for it.
😂😂 🙌🏿
We have 5 properties and are both retired….though we still are very hands on by choice. It’s amazing earning your freedom.
Management company? What would you do different if you had to do it all over again?
I would have started earlier. I’m trying to get my daughter excited about real estate and want her to pick a property and start before she’s 20. She’s learning the business now. There’s no excuses. If you need money hustle, ask family friends whoever you need to then buy that first property. Improve the property, rent and refinance. Rinse and repeat until you have the money to buy on your own. Can’t stress location. Example a beach house will cost more but will appreciate at a higher rate. Find an area that’s up and coming or a town next to a destination and make it better than your competition. Just hard work up front. Management companies are horrible, if I’m being honest. Still need to watch everything closely. Now this hard work is being done for you! So it’s rewarding. Like monopoly in real life. I love adding properties to our portfolio. Hint, you can literally put an address into VRBO and they will give you an estimated income.
Do you have your properties owned in a LLC? Or is everything in your personal names
best wishes youn investors
Thank you!
How did you guys do during the night of covid ?
Did you guys buy an STR in Big Bear? I’m in OC. Looking in big bear, Joshua tree, to Palm Springs to purchase my first.
What is the video link for the interview with their lender?
I'm assuming the 60k is a down payment on a 200k property?
Great information! I’m looking to buy my first beach condo. Do you recommend beach or mountain air bnb?
It all depends on what gives you the best return! Check our video on property analysis. th-cam.com/video/euiFDqt8ot4/w-d-xo.html
Tony, I didn’t know you also have a TH-cam channel! Love what your doing in your space. My wife and I are in single family and plan to get into short term soon. We will be in touch …
Angie & Maurice
$2000 in cash flow? I think this is crazy it must be in California market? Nice video but the cash flow i think some is wrong is too high. Cash flow is the left over money after u pay all the bills you don't get to keep the full rent money unless the house is payed off. Right?
th-cam.com/video/KmCxmE7sPyE/w-d-xo.html
Check out the video for a full income & expense breakdown for our properties.
Are you offering another 10 week bootcamp and what is the price/details? Thanks
If you're on our email list, you'll get details of this when it launches! If you're not, you can join it by downloading our free STR analysis tool: AlphaGeekCapital.com/calculator
Why not just invest in Fundrise to achieve the same goal without the headaches of dealing with tenants on your own?
Thank you for this video this is exactly the formula I need to proudly quit my Job. I want to combine it with the other technique and strategies I am learning. Do you guy or does anyone know how to get into Real Estate investing with little to no money down or what others call it creative financing.
Check out our video on Partnerships. If you can find the deal and take car of the management, you might be able to find a partner who has the capital!
Also check out Brandon Turners book on investing with little or no money down 😉
I would love to know how you can continually qualify for the 'vacation' home loans (lowest down payment) or if you are doing a mix of vacation, investment and DSCR loans. Thanks!
As long as the house isn't in the same area as your other vacation house, you can get another loan, as long as your DTI supports it. Probably using DSCR loans too.
Tony probably raises money and partners with investors. They typically get the 10% vacation/2nd home loan, then he QCD’s his LLC on the deed of the property. So I’m sure he has his own 1-2 properties that he got a 2nd home loan on for 10% down payment, and also has others with 20% down investment loans, but he also has investors that bring the capital, and he and Sara manage the properties. Hope this helps!
@@ryanbeck7166 Yeah we will not have the DTI to get a 2nd vacation loan until we get the tax returns (show income) on the first one so probably going to have to go DSCR for the next one.
Yes! It’s a mix of all financing. Second home loans, DSCR loans, and typical investment loans.
Or do rental arbtraige to cash flow heavy and then buy.
Most complexes don’t allow arbtraige
We have friends that crush it with arbitrage. We may get into one day, but our focus right now is ownership.
Should I buy my own house first? Or can I just start by going this route. Love you stuff btw.
Thank you for supporting! & It’s up to you! We bought our primary residence first, but that’s because that was our goal. Yours may be different
Where in Cali are you guys buying these? Looking to invest, similar situation as you with 6 figure income etc etc
We currently have properties in Joshua Tree and Pigeon Forge!
When you are reinvesting the cashflow into additional STRs, is that income taxed or not taxed? In your example for purchasing the second STR after 30 months, the implication is that the income is not taxed. Love your channel and content. Tysm!
Your income from your STRs is definitely taxable, but consult with a CPA to see what ways you can leverage your property to reduce your tax burden.
I did retire early life’s goods👍
Congrats!!
*how to change jobs to a property manager
Great content guys! Keep up the great work! QQ: Is the 2% - 3% of closing cost you mentioned based on current market condition or it's just an approx based on older mortgages you guys got? Apparently the government increased the closing costs for vacation/second home mortgages just recently. We are now closing an STR with conventional loan, putting 10% down payment but our closing cost is coming about 4.7% of the purchase price! Isn't it too high?!
Thank you! We’re still seeing those numbers on our recent purchases. But haven’t seen anything as high as almost 5%.
What makes this more lucrative for retirement than several BRRRs?
About to get my second property and realized that they can also expect 25% down not counting closing with a 5% APR 😩😩
There are so many ways to find funding. Don't be afraid to look for a new lender!