This Tiny Home Airbnb Makes $550K Per Year... Here's How
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- เผยแพร่เมื่อ 12 พ.ย. 2022
- Take the first step to owning your future AND learn how you can buy a business in my free training on June 18th: contrarianthinking.biz/3xifzNd
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If you've ever wanted to own an airbnb, you need to watch this video...
It's pretty wild.
Isaac bought an airbnb for $140K and made $550K in his first year. He has systems and processes that help him work less and make more.
Learn exactly how he did it so YOU can do the same.
Comment below how you're gonna take action!
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All content on the Codie Sanchez TH-cam channel reflects my own opinions and should NOT be taken as legal advice, financial advice, or investment advice. Please seek out the guidance of professionally trained and licensed individuals before making any decisions. Some links in the description may be affiliate links. - แนวปฏิบัติและการใช้ชีวิต
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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.
@harrymachorne6365Yeah, All passive income ideas work as long as you put the work in.
@janelookman7621Trading under the guidance of an expert is the best strategy for beginners.
@@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.
@@EmilyNora234Well, you are saying the fact. My first investment with "Karen L Nancy" earned me $8000 profit.
@@EmilyNora234Wow! I'm just shock you mentioned and recommended Mr Karen L Nancy. I thought I'm the only benefiting from his services.
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.
@saidmuhajadeen How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings?
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.
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!
It’s getting wild by the day. The prices of homes are quite ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%). Sometimes i wonder if to just invest my spare cash into the stock market and wait for a housing crash or just go ahead to buy a home anyways.
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?
@@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.
@@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.
@@williamsbrown4026 Colleen Janie Towe maintains an online presence that can be easily found through a simple search of her name on the internet.
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 🎉
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
His parents are connected.
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
Isn’t that the point on tiny homes. Being moveable there is no need for permits if a structure isn’t permanent?
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!
❤❤❤
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!!
@@DIRTYFIGHT3R I noticed that too... but with TH-cam, you can't make updates once it's launched like you can on Vimeo.
Codie I love everything about this video. From the cinematic perspective to the informational content. ❤❤❤❤
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.
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.
@@phillipalder9045 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
@@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.
@@phillipalder9045 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.
@@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.
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.
exactly, the government screws up all great plans
I became one of your fanatics your content is great and learning a lot from you thank you soo much Codie
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.
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
They are lying! I figured exactly the same as you. Even if not $150, but $200 a day, then about $50,000 a year, but not 500,000! They are semi-literate and did poorly in school.
yeah, same when I heard "Cabins"...That's how the bank lent him the money.
@@whiteman2181 math ain’t mathin but they are still making bank
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.
You’ll always be broke thinking like that
@@jamesrowland1508 far from broke...lol Zero correlation
Exactly
Isn't that the goal tho? 🤔 set your kids up for success?
@@touseunlee 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.
What inspires me is how passionate about it . Great job guys
Doing it with love 😅
Truly Inspiring All The Entrepreneurial Sprites Of Service! Build It And They Will Come!
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
Been down the road on multiple "Oscar" occasions. She's just a genius and fx goddess.
Such an inspiring comment. Can you share your secret with me how you changed your finances?
Never listen to speaker person who are 30’years old or below. They only experienced uphill markets, but never. downhill
Bunch of kids with parents Trust money pretending to know everything.
How did Airbnb performed during lockdowns when nobody flew??
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!
I am an engineer and thinking about a similar project. Maybe we could collaborate?
@@engineerhd5672where are you based?
Hey Codie! Congrats on your TH-cam success!! How awesome
🔥 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.
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.
Yes good catch. So how much does one home cost and net per year in revenue ?
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.
@@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 TH-camrs 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.
You obviously didn’t watch the whole video, he explained he got a bank loan for $1.2 million
@@uniquepropertiesgreenville1181 you obviously did not read replies to my comments and missed the whole point of my comment
Love it! Welcome to Waco Codie.
We stayed here and LOVED it!
You both rock!! I love your vids and that karate chop was spot on!!!
It would be great to know more about the maintenance/cleaning/restocking aspect of move ins and outs.
Yes. I have 6 airbnbs and it's a complete nightmare. People don't take care of anything.
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
Wow, wow, wow!!! This place looks so cool!
Thank you for all your work to help make our lives better.
Yay ❤
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.
❤incredible story. he's very smart. thanks for sharing.❤
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.
Fantastic video! Love it. Thank you!
🔥 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.
🔥 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.
Gotta say, good video. I'm looking into doing my second room up at some point for next summer, so who knows.
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.
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?
I began accumulating wealth when I started following up my investment properly,
Please how do I reach him?
You can communicate with him on IG, with the username below.
its incredibly impressive what he has done
So many great tips in this video
🔥 I’m with you on this @The Glut Farm! This was a great video!
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
" 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.
That's some badass transitions and video edit
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.
So, how much does he rent the cabin for? The US 100 is per person?
I love your content you just don’t just give a quick review on different side hustles
You show us
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
Congratulations! You are one of my lucky viewers today. I have something useful to present to you⤴️⤴️⤴️
🔥 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.
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.
This is unbelievable this is great
I'm just here for the middriff
Isaac rocks! Thanks for having him on Codie! 👍👍
🔥 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.
WOW great video, so much content
Awesome Codie
🔥 I’m with you on this @mccoyfutchjourney! This was a great video!
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
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.
@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.
exactly lol his bro and dad definitely had some killer credit score profiles and assets possibly for collateral
his dad's construction company provided the line of credit, or some similar arrangement. Came from family business.
Yes, big money is the key! He has a nice operation and that initial cash help him greatly.
All you need is daddys money, same story of so many famous people who have wealth.
Noone mentioned the automated robo-maid, that cleans & bakes cookies. Lol
Love your videos! The high kick at the end had me laughing lol
Thank you for your great content. This is awesome! Congratulations and continued success to Codie and Isaac!
🔥 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.
Hey Codie,
I loved this story! My Wife and I are working on building a similar setup to this, but with Grain Bins & "Barn" Tiny Homes in the Panhandle of Texas.
I have a couple questions for you if you are able to answer? Would it be possible to get in touch with the gentlemen who owns this property to discuss a few things and would you potentially be interested in doing something similar for our setup in the future once we get setup and running?
Great property. Would love to come see it. We have an air bnb in Big Bear. And love it.
I love this! Isaac, who created your direct booking software? I like the look of your website.
you are awesome codie!!!!
I'd love to have your advice on an idea or two I have..I live in 2 spots and 1 spot has potential for several business ideas but I need another set if eyes I would love to take a video and send it to you.
inspirational for sure
Who does the housekeeping? Are there rules about cleaning/sterilizing processes? All the best!
That looks beautiful!!! How many acres do you have?
How do you keep the hot tub clean? Who cleans the property and prepares the rooms and how much are they paid?
This is an amazing step of faith for our family. This video will help inspire and encourage you as you manage house hop awaiting marriage and children . We hope you find it helpful and encouraging as you take this exciting journey of faith with us. #heartstronghomegroup
I love the cabin design, is it custom or a prefab?
Stellar vid. Would like to see another interview on this guy
🔥 I’m with you on this! This was a great video!
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
Hey @The Gap Year Guide™ 👋 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.
WHAT AN.... INSPIRATION!!! 🤗HE!!!🤗🤗🤗
IS!!!🎉🎉🎉🤗
So we are several units into my airbnb experience and I love learning from others thanks for this
I have lived in Waco Texas for almost a year and I never seen this place on the map in my business travels
Great Video
🔥 I’m with you on this Littles Pressure Washing! This was a great video!
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
🔥 I’m with you on this @Littles Pressure Washing! This was a great video!
P.S. If you have any questions about starting & growing your Airbnb business lmk.
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?
Codie is such a natural selling beast. The swag on this lady,
great video
So 140k cash 1.4m construction loan 700k line of credit = $2.24m investment?
Such a unique and original video and title! I def haven't seen anything else like this on TH-cam lol!
🔥 I’m with you on this @intelligent Disobedience! This was a great video!
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
Thank You Codie for finding and sharing this inspirational story.
🔥 I’m with you on this Alexander! This was a great video!
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
Wow that is awesome
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?
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!!!!
🔥 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.
Nice. I always think of that but would be lot of work for me. How many cabins did he add on 1 property?
The only thing I can now do is get some AIRBNB shares because it is tough even for me to purchase a property where I am now residing.
550k divided by 365 is $1500 a day, which means he must make $1500 every single day without fail to make 550k a year. It is simply impossible.
Clickbait and lies. The Airbnb only charges $500 per night.
He has 7 cabins if you heard…
Cool story 👌
The editing of this video is phenomenal! ❤🔥
sᴇɴᴅ ᴀ ᴅᴍ ☝️☝️
ғᴏʀ ᴍᴏʀᴇ ᴘʀᴏғɪᴛᴀʙʟᴇ ɪɴsɪɢʜᴛs⤴️
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...
👋 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.
WHATS the ZONING LAWS ?? Are short term rentals legal ?? Do you check the zoning laws before you purchase or start an AIBNB ?
This is gold ❣️
Do you have to do the market research and suggested tool or site where ever we are on the glob
Very interesting and informative. This place is almost totally automated so little personal time is required. Nice interview. Thanks for sharing.
🔥 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.
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!! 😅
So the title should read "THESE SEVEN Airbnb homes make $550k a year"
okay this channel is amazing . WTF
There are so many people who do it this out in the black hills of South Dakota. A lot of people so this around Mount Rushmore and Sturgis SD area.
sᴇɴᴅ ᴀ ᴅᴍ ☝️☝️
ғᴏʀ ᴍᴏʀᴇ ᴘʀᴏғɪᴛᴀʙʟᴇ ɪɴsɪɢʜᴛs⤴️
I'm glad I came across this video you explain things that are helpful very well. Thank you
🔥 I’m with you on this Javi! This was a great video!
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
So this is the same amazing Codie i follow on Twitter :)
🔥 I’m with you on this Rory! This was a great video!
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
It’s the experience that counts
Love that this is in Texas. I will be visiting this property soon.
Nobody I know would pay 1000$ a week for a tiny home in Texas to vacation at...it would literally have to be booked for every week a year at 1000$ a week to generate that amount of money....I definitely do not believe this....
Hello Jane how are you doing hopefully you are doing good??
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
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
I saw the same. Chemically treated for a standing water pond…. Hope no one is swimming in that thing…
Awesome content as usual as i write this from the South China Sea forward deployed. Getting home soon and looking to make some serious moves with this space in San Diego or my hometown of Colorado. Thanks again. -Daniel
Great find. Perfect example of why college is a waste of money.
🥰👏 great video 👍
🔥 I’m with you on this Yassin! This was a great video!
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
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.
That was awesomely 👍 timely and intellectually 🤓 brilliant, 🏆 Yasin Nabi 👏👏👏.
I’m still just trying to figure out the superpower of your cameraman backing straight through the glass sliding doors at the beginning 😝
What was cost of one cabin? I missed that.
We have one in our brewery in Ensenada, come down!!!!!!!!