He CONVERTED a $13,000 Garden Shed into an Entire Home
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- เผยแพร่เมื่อ 3 ต.ค. 2024
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Never would I have thought a Home Depot shed would be a banger listing on Airbnb. Not only is this garden shed, built by one of our members, super nice - it's actually averaging $7000/mo in income. Eder's Airbnb: shorturl.at/cdoY6
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We converted a shed into a 2 bedroom 2 bath home on 5 acres here in Oklahoma. We are mortgage free. Did everything on our own just about. All together we spent maybe around $50,000 for everything.
Amazing! Who’s property are you on? How do you not have to pay a mortgage? Curious how this works!
It’s a very good option
If you do not have the land you still need to buy the land then use shed convert it in home but still has land to pay
@tula1433 land here in Oklahoma is pretty cheap if you search around. The shed places do rent to own or you can pay with cash. We had money saved up for our well, land and preparing our shed to live in.
What part of Oklahoma?
This was splendid, I remember folks laughing at me, for saying that you could stay in a shed. Edders is doing well.
Yeah, human creativity and ingenuity are powerful things. ;)
@@KaiAndrew Absolutely.
Great....where do I go to the bathroom.....faucet....wd...and for that reason I'm out
@@tw2800 Ask Edders.
I've lived in one for almost 12 years now
The amount being charged across the country for property tax is criminal.
1800 for me got to pay it next month, 4,000 for house ins, Bet he saves on that as well
I used to build those Tuff Sheds for Home Depot. You can get a 2 storey barn style building with a loft for 15k. They also sell a 2-storey cabin for 20k. Those prices are just for the buildings themselves. You will still need to to the interior finishing, electrical, insulation, drywall, etc. but it's worth the money.
I love what he said at the end. A lot of people just stayed here. With my kids being older now, we specifically take a vacation in the fall to the smoky mountains where we just truly vegetate and relax. The place we go to has a private indoor pool, hot tub, sauna, arcade room, movie theater room, incredible kitchen; where we cook way better dishes than most restaurants.
Figured I’d clean up the comment section. Great setup, great location, great video. Thanks Kai.
Is the title just a bait and switch? I was expecting to see a tour of "an entire home." What I got, instead, was a discussion on the investment benefits of building multiple short-term vacation rentals on a 10 acre plot of land. There wasn't even much of a tour. 🤦🏼♀️
He showed the entire home, it's a shed, hence it's tiny
@@freechurros😂👍
Tour starts at 9:07
Classic for this channel. Largely clickbait.
Love the space! Beautiful design! Also, if they have 10 acres, they can get an ag exemption. We have 10 acres in the hill country and pay $16 a year for property taxes due to ag exemption
I'm not sure how it is where you live but in order to get the Ag exemption the land you are claiming it on needs to be untouched. Where I live they wouldn't let this be Agriculture.
@@that1redhairedguy …both, interesting comments. Thank you for sharing your perspectives.
got 35 acres rent out 10 to the guy next to us for putting cows on it, on that property our taxes are $110.00 a year, it is our taxes on the house that we live in near the city that hurts me $1800 a year
@@altha-rf1et wow, $1800! I'm paying about $3,400/year for a 1089 sq ft house!
You have to have it established for 7yrs before getting the discount.
Wow Edder what an awesome spot and plan for build-out. LandHacking Goals for sure 🙌🏽 Now if the rest of these counties would catch up on these amazing zoning guidelines 😉🤙🏽
You both CRUSHED your projects! :)
@carsonc4134 Carson, your comments scream insecurity. Please share your experience with RE and what you have done to build section 8 and low income housing. Perhaps even allow homeless families stay in your home…? But seriously, why are you hating on people who live for free on their own property, make more than your income from their property and meet the demands from customers who are voluntarily paying to visit their space?
Based on you trolling, I’m guessing the words entrepreneurship, investing, development and early retirement are terms you are not very familiar with. Instead of posting garbage, share your experience and knowledge and try to educate us based on your successes. If there are any….;)
100,000 for a shed on ten acres in west Texas is insane.
Before California moved to Texas this was 5,000.
Good presentation. Inspiring. I’m in California and most every city is imposing anti-short term rental restrictions blaming the lack of long term rental housing. You have to do your research if you invest.
Thanks! Yeah, lots of ordinances to contend with out there.
It's the hotels that can't compete
@@pedrosorganicranch4076 Yes. This is true.
@@pedrosorganicranch4076Hotels are slammed everywhere.
People in neighborhoods are getting sick of the rando Airbnb people.
This place would do will with solar on it to help cut cost once it has all the units built out. An 800 amp service in not cheap to run and each unit could have a couple panels and a small inverter in them to off set their power needs. Hell they will actually make more power than they need when they are not booked and in a stand by mode, saving even more on the power bill.
Love that he is building more. It could be a huge money maker!!
Not too keen on the loft spaces for sleeping, but otherwise a really inviting looking place. Good for him.
His outdoor space looks very very similar to our shed tiny house glamping resort. A few of our subscribers messaged us about this video haha. Man of good taste 😛 Well done!
Nicely done, only thing is the larger sharp rocks on the ground should be switched out with pea gravel. Or a combo of both
Holy crap! I had thought of this a few years back. I was going to buy property in Wyoming. LITERALLY the same damn thing. I was going to organize 8-10 large sheds in a circular area with a large circular communal area with BBQ-lounging-fire pit area. They’d still have there own little areas, but all joined in like a spoke-like wheel configuration. Little shed somewhere in the circle with 2 stacked washer/driers. I was going to cater to outdoorsmen…hunters, fisherman. There was going to be an area for cleaning and dressing your game. Possibly having an on site butcher, and refrigeration unit for storage (down the road, timewise a bit) I was looking at between 60-100 acres. I was going to keep a 1/2 acre for myself, with maybe 10 for cattle, 1-1 1/2 for the “compound”, and managing the rest for pheasant and or quail. Basically a kinda self serve, Air B&B type thing. I would have a few people that would do the normal clean up type stuff. I would probably still work EMS until it was really producing, then maybe drop down to part time until I retire, just to keep up my skills and certification. I was going to try to go, at least 80% off grid. My are would be be 100% off grid. At the time, I was going through a divorce at the time and it all just fell through the cracks.
Kinda like the Ox Wagon resort in South Africa kinda set up, just nicer accommodations
Don't give up on your dream. Divorce can be a draining thing. But go after it. You can do it.
He should paint that roof blue.
Dew😂
The loft with the insufficient railings looks like a serious liability. It could also use a couple of egress windows up there.
I'm 50 and parents didn't even have kids in carseats back in the day. My husbands parents had a playpen set up in the back of their station wagon lol Parents treat kids with kid gloves nowaways. Let kids be kids lol All three of mine survived childhood and are successful twenty somethings...one almost 30. Why you have insurance on your property. ;-)
I would build one much bigger for way less
Just looked his place up and its less than an hour drive from my folks in Fredericksburg. We are in Colorado but Texas has been calling! We just want an all Red state again. Back to our roots. lol
Its very unlikely to find property anywhere in the US where zoning allows a shed to be used for living and is not way out in the middle of nowhere, what to speak of being near a town with so many attractions. Maybe in this case its an exception but its almost unbelievable that such property exists. And unless off grid, bringing water & electric to remote locations can be nearly impossible or astronomically expensive.
How did Edder get funding for the buildings?
Wow congratulations to this man!
This is a genius idea.
I love the interior design!! Wow! Great job! Did he hire and interior designer? 😮
Amazing and inspiring story! We enjoyed the video a lot to say the least.
You do a terrific job on giving us well rounded details on zoning and cost. However, we never discussed plans, inspections, and code enforcement. Particularly on that shed structure that’s likely not Title 24 compliant and possibly dangerous (gulp, that “loft”). Would love to understand how this thing stays bulletproof when jealous neighbors/competitors report him. Or maybe in TX they just done care and it’s worth the risk? Or maybe it’s got a CUP for camping and that’s all this is? It’s a campsite, then?
Code enforcement??? This is a rural property.
Natives in Central Texas (called the "hillcountry") tent camp frequently in Wimberley so this is actually a luxury accommodation for people who can't rough it. I hardly call it a campsite. Tubing is the primary all-day activity if you leave your overnight spot. There would be no complaining by neighbors because Wimberley is home to probably more lodges like this than any other city in Texas. These lodges are more common than residential homes.
Read up on the Wimberly flood (Feb 2018) and you'll see that most of the 8 people who died were riverside tourists, not residents. Eder's remote location avoids this potential catastrophe.
He pays more in property tax than I do on my $850k condo in Orange County, CA. That’s insane.
He got it lowered.
Higher taxes and living in Texas is a double punishment.
The migration to TX has caused most of this. Just keep TX red!
He doesn’t pay income tax in Tx but they’re gonna get their money
WOW! In October, I went to my son to a hardware store and walked over to take a real good look the sheds on display! I said to myself, a person could actually sit one on property and finish it off and make a cute small home, which is very popular now! Great idea!
Excellent work Bro
Thank you so much 😀
Shoutout to this editor! good stuff
Yep. Lived in Austin for 20 years, and my daughter & granddaughters & great grandson live there. My family lives on the coast….. humidity, mosquitoes & people flocking to the coast for vacations
Great content. 👍🏾.
He was smart to go over the top with the outside. That's what makes it well worth $250/night compared to other places.
Beautiful
Congratulations. Now the serious planning begins!
I want to list an airbnb shed, have it attached to a hot air balloon and send them to outer space while they are asleep.
I just came across your channel this is so smart and so innovative I really enjoyed watching and seeing how some people just see think differently 🤔So Awesome 🤗
Check us out in Rainbow Springs FL where I've done this with a $1500 camper for the last 5 years !
I love that now everyone is doing this, I feel great for all those I may have helped motivate to do the same m, 90% of my guests say they wish they could do the same and anyone truly can ! 🎉❤
WOW smart guy!
Texas property taxes are awful. A property owner essentially rents their property from the state of TX forever.
Not having an income tax isn’t all it’s cracked up to be when the state forces people out of their homes because of property taxes.
WOW! Absolutely beautiful!
I think you said this is in Texas in the beginning of the video. Go RED states! We live in the liberal state of Colorado and you can not do things like this here. We live in a million dollar home with neighbors right on top of us here in Castle Rock. We are seriously considering downsizing from our over 6000 sqft to a motorhome to travel. My parents live in Fredericksburg, TX and would LOVE us to do that lol This however...brings in revenue where as a motor home will not! Great video with great ideas. His space is beautiful. Love it~
Hi Kai! This a goal. Listening to Pace & joining his lives. I’ve had this idea for yearssssss
Lovely property. I kept staring at the roof line as I really like how the patio cover was done. Would love a close up so I can see how it is attached.
i have been having such a hard time deciding on when/where to do this. I currently live in nyc and in school, but the laws here are so crazy and the squatter laws here suck. I am a veteran so I have some money saved from GIBILL.
The placement of the microwave may be fine for younger people but for doubt that elderly folk would enjoy it. Find a better placement for it.
Thanks for this video. Gets the wheels turning😏
You bet!
I live in Texas and the property taxes are a killer. You will pay on avg 2% of what your home / land is appraised at. If your home / property is valued at $500k, you will pay $10k annually to the state of Texas in property taxes. Its not right.
One of my issues is land is very expensive in my vicinity but once you start driving 3-4 hours out it gets significantly cheaper for a lot more space to build on. What is the suggested distance for someone who wants to manage short term rentals remotely when starting out?
I have a tiny home that I'm working on. I had the unit delivered and it looks fantastic out of the box externally. However, the inside is a blank canvas. I'm yet to decide what I want to do with it. I'm thinking hunting lodge, man cave, backyard bar. It's on my property that already has a full cabin with utilities, so I'm not wanting to spend money on a septic tank or well.
I stopped watching at he bought the property for $900k.
How can we get a hold of Edgar I have so many questions. Love this!!!
Awesome! Im in Texas also and want to do similar on some land we found. How does he deal with safety?
Lawyers
Love these hopefully I'll get a head one year to get my 1st one going.
In Texas, they tax the hell outta you. My friend had to sell his home because it increased over $1000 a month , he eventually sold his home. Maybe use a land trust & eic ?
we are going to move back to our 35 acres as soon as our house sells, thinking about doing this with 1 acre let people buy it with $500 down and people having access to 10 more acres for other things, If I can do 3 acres and get $250 for 4 years each let people own the land t can build something like this or a RV that will cover most of my monthly bills which is $1,100 a month
What kind of zoning allow this ?
250 a night plus 75 cleaning so a guest is paying 325 a night ?
So Fab!!!! Crazy well done!!!!!!!!!🎉
Very helpful! Thank you!
Whoa. Looks like English Creek Hideaway in TN.
Check Zoning and building codes. Some places are not easy government agencies getting more and more in your business. Be careful you must do your dudilligents.
LOVELY Property Eder!!! ❤ So how much was the raw land???
Kai - that was the most important cost factor that you didn't cover... 🤔 ❓️❓️❓️
Actually, summer is the only time people want to visit Central Texas because to jump into a 72F degree blue hole, you have to have 100F plus temps. Spring water is frigid even in the summer.
You should visit sometime @Kai Andrew so you have first hand experience with this part of TX. 😀 This area has the most expensive land in the state as you stated. I'm guessing Eder's 10 acres cost in excess of $300,000. Please correct me if I am not right...
I'm figuring it would take him 5 years just to break even and pay off the Improvement. We're not counting the house he built for himself. Was he living in one of the two vacation rentals?
That’s actually not too bad, for that area & that many units.
How do we get this to pass inspection?
It’s the land .. if you have land you can build cheap x
Andrew, how does a host find cleaners to clean properties out in the areas like Edder's and your properties? I've always wanted to do this type of short term rental tiny homes but never think I can get a renter out there.
I just wanted to see a tour of the place :,(
Curious, how did this pass code?
Depending on your state and location. I live in Oklahoma and live in an agricultural zone. I don’t need permits or anything to meet codes. I’m not sure if I were to rent a building if I’d need to meet codes. Probably for insurance purposes.
like a lot of the info.. do you have one that doesn't require a million dollar up front investment? Like for the family who doesn't already have a million dollars to spend on land.
Great video!
Hey everyone, take out a loan and start an Airbnb. Its low risk and a perfect time to do it 👍
This is a great project. Can you tell me the height of the shed?
I’m just going to say you could build that shed for $5k tops. Why buy a pre-made shed?
Hey! True. The shell may cost $5k if someone were to completely DIY. But for someone who has very limited construction experience, having a crew deliver, build and ready to go in 1 day is worth the premium pricing.
Yeah. True. I guess I look at it from my perspective as a competent builder.
@crosisofborg5524 ha, yeah. I hear ya. I have the same thought process.
Time cost and quality cost opportunity. Makes sense to outsource what you don't know if it'll cost you more later to fix, plus the down time.
Beautiful
Of course you can $13,000 builing,$5,000 wiring, $4,000 plumbing, installation $3,500 flooring $2,000. Permits $400,
Advertising $300
Fencing $9,000
Suer tank $3,500
Well $4,500
All just a guess
I like how you not trying to show the whole thing lol
Just so you know, we typically recommend a liquid budget of at least 40k from our new members, as we have found that to be a good starting point to get involved in land hacking, depending on the area, whether or not you already own land, & whether you plan to do a lot of the work yourself or hire it out. Our top priority is to ensure the success of our students in their land hacking ventures & we believe that starts with a sufficient budget.
Thumbnail: dude makes 87K per year off of a 13 K converted shed! Video- Dude has $1M into the project. :-) coooooool.
This place looks nicely decorated, but I hate the stuff around the bed. All of that foliage stuff would give me the heebie-jeebies. What could be living in there spiders, scorpions? I would not be able to sleep.
Dude showed the Texas desert and said 80% humidity.
How can I follow Eder?
Same question. Does Eder have a social media ?
This is exactly what I’ve been planning to do….years.
New name for a "resort"
Crazy how changing an idea, in reality is the same as a resort.
Interesting how tiny house is very prevalent in resorts and then many resorts sold to corporations or private parties.
30 years ago sales of resorts increased considerably, and now they have risen again just labeled different.
What is the building permit system like in the US? is it easy to get stuff built
So I'm just curious how he funded the initial construction was it cash out of pocket or some type of building loan
Conventional mortgage and then cash for first site.
@@KaiAndrew Thanks Kai
Property taxes in Texas are a pain in the neck. Guarantee you they're more than that "$400" figure that came out of thin air
so he paid 900k for the land and 120k for the full build out
that's a lot of dough not sure its a good ROI
Exactly, the sunken value is over 1 mln, now how many years that will take to break even
so you are telling me when you own a property you have to spend 18k a year to keep it... after you bought it all? im confused.
Lol. No, it was closer to $25k/year in property taxes! Texas is insane
@@KaiAndrewhe should apply for ag exemption.
I'm in South Florida! Absolutely crazy!
How do you fix felt?
$120k in Texas to make that shed how it looks. Wow.
200,000 grand.......lol
Most of us dont have that type of money bro......
900k to buy property wow not everybody has this. Takes money to make money.
Simple solution: start lower. I think you’d still complain someone buying a property for $265k.
Click bait??
@@KaiAndrew
Way to shit on someone giving you views and watch time for pointing out the obvious@@KaiAndrew
How was he able to get a ….900k loan??😳.
Probably had cash?@@lawilder2059
What is the zoning on this particular property?
There no way that could be done in my area. You couldn’t get that permitted.
Why would someone rent that place? Its in the middle of nowhere
F taxes. Nice stuff!
You got that right!
For all that expense, depending where you live you can purchase a home for under $200k and build equity and have as in asset. Throwing that type of money on to a shed is not a good idea longterm. A budget of $25k is great if your going to live in a shed for decades to come.
Did you miss the part in the video where his taxes spiked because of the equity gain? Sure, you can buy a home for under $200k in the middle of North Dakota, but you can't make $80k+ on it. You're thinking like a consumer. Eder is thinking like an investor.
Why a 2 meter high wood fence?Terrible! It looks like a jail.
I was there. Doesn’t feel like a jail at all. More privacy for a weekend getaway.
@@carsonc4134 You said it, I was thinking it.
@@carsonc4134every thread in the comment section has you saying sone stupid stuff. Are you watching because you’re interested or because you hate entrepreneurs ?