How I Turned 5 Acres in Hawaii into a $1.6M Cash Cow
ฝัง
- เผยแพร่เมื่อ 7 ก.ค. 2024
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There are creative ways to use your existing land to not only pay for itself, but to also pay for your European vacations every year (maybe even twice). Our Land Hacker members, Kapena and Shan, has made over $10,000 in two months of building a dome home on their property. This pays for their 5 acres in Hawaii and more.
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* DISCLAIMER: All content on the Kai Andrew TH-cam channel reflects my own opinions and should NOT be taken as legal advice, financial advice or investment advice. Please seek out guidance of professionally trained and licensed individuals before making any decisions. Some links in the description may be affiliate links at no additional cost to you.
Credit:
Editor - Ayush Rai
Music - Epidemic Sounds
Join my free live 'Creating Unique Rentals' workshop 6/24/23 at 10am PST. Register here. shorturl.at/aEGHT
Kai, you don't go inside somebody beautiful investment and step on their carpets and/or rugs with your shoes on, the same shoes you used to walk outside around in the dirt. That is a BIG NO NO !!!
Always love your content,I'm currently 17 and I can't wait to buy my first property and start my journey.
Just found your channel today, super interesting! I actually live in Hawaii, and was interesting that they didn't talk at all about permitting. Would love to understand more about how that all works since the laws are VERY confusing here. Great stuff, will be watching more videos!
Yo I landed a Corporate Data Analyst job cause of you and some other content creators, just wanted to say thank you and wassup homie!
@@YouMadWildForThatTho YO!! Congrats on the job!
I found this video interesting too, but I do not believe this structure is legally permitted nor that they are running their Airbnb legally. Correct me if I'm wrong. I also live on the island and it doesn't seem like this is feasible for most people.
Thanks for finding you my brother, watching here from Solomon Islands, Thanks for the unique ideas or learning ❤
under rated channel! Nice work Kai!
always inspired with your vid kai motivates me.. thank you !
What a great episode! Love the story of creating a life by design! So empowering! Love the tent!!! Who makes that? Thanks again Kai for always bringing the value!! 🤠👍
Yeah, we’re not fans of cutting trees either (which is why we’re still holding out on those few you mentioned). We’re putting a master plan together to get it slowly but all the way landscaped out. So many ideas with Kai and this land hacking group. 🤙🏽
Wow. That’s beautiful. I apologize, I just have to say your videos haven’t swayed me one bit. I love it. I can’t wait.
Always love your videos brother. So well done and so much value
Kai, love this video and info and Hawaii of course. I'm taking notes. Thanks!
Awesome! Thank you!
Thanks for sharing the story…👍
I absolutely love your content!
What’s the average temperature inside the dome? No A/C right? Many locations on the island won’t permit more than one home on the property. I’m curious how they managed the permit process....
I'm usually not one for cutting down trees, but those couple of trees in direct view of the ocean are hideous and would have to go. I'd completely open up the view and plant more monstera and giant pothos plants in the periphery. The property is amazing but isn't landscaped correctly.
I’d look at COCR after expenses, so that’d be $1500 profit per month x 12 months / $90K = 20%
Im really curious where they found a 12,000 dollar dome and im glad to see them doing so well
They bought it used from a neighbor!
You can get or build jigs to cut all of the bracing yourself. There are also companies that just supply the connection points. The dome itself can be finished several ways... I've seen a woman who had sewn her own.
Yeah I’m seeing these run about 20-25k
You cannot buy land in Hawaii unless you have lived there for 3 years. Hawaii has a TON of crazy laws.
This is such false information
Your’re right…Hawaii DOES have a ton of crazy laws, and as a native resident, it’s unfortunate that this is not true. Anyone can buy property here without any type of residency required. 😔
And more places should have them. In my opinion pricing locals oout the market is terrible. This has happened in my neck of the woods. A balance must be struck. Luckily, my gran and father purchased and passed down land and property to us. When I think about my colleagues and friends having to purchase land and build from scratch, I shudder. Before they wake up average land is USD125,000. Exclusive areas upwards of triple that for 10,000sqft. To build out is around USD200 per sqft in the lesser antilles, Caribbean. 1USD=EC2.7169.
Ur a tool hawaii is a state and as a citizen I can buy if I want to
@@shanotare4878 not LAND. Guaranteed a google search will prove this.
You came to nz !? If you want to look anywhere around Waikato let me know happy to JV . I’m a project manager client side . I’ve built my family’s retirement village in the past . But I really want to start off my own with more like minded people . Let me know mate .
Kai love your content was wondering if you could talk to me about my 112 acre property
What company would you recommend to buy a geodesic dome for hawaii? I could find this info
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.
How much is 5 acres in Kona ???
How much for the land per acre?
The cable railing doesn’t meet code. A 4” sphere can’t pass between the cable. Cables should be space about 3.5 inches apart to account for flex of the cable. A final inspection would have caught this easily. I am fixing that right away, lawsuit waiting to happen.
So, I will have to afford living in Hawaii for 3 yrs. before I can build???
Hawaii is crazy expensive
Could have got a prefab tiny house with built in bathroom for the same cost or less…
Everybody is focused on price and not the market. Would you invest $300k into a 600 sq ft treehouse? You probably would not, because you’d want to buy a “normal” house instead. Well, that treehouse makes $200k-$250k/year while that normal house MIGHT make $20k. Knowing that, is would your answer still be the same?
Did I miss where they purchased the dome?
I am curious about this too
We were on track to order with Pacific Domes and by a strike of luck found someone who was ON ISLAND selling this dome, brand new still in the box because he bought the wrong size (too big) and it wouldn’t fit his property. 😊
i like how your literally trying to make people rich with amazing videos and youve only got 460 likes
Bro, if you’re gonna come to Hawaii, wear some slippers… lol. vid editing is so clean
Your math is ignoring a lot in the most optimistic way… theyre grossing 5k and paying a mortgage is not putting 5k in their pocket… i.e. not an 18 month payback cycle
They live on the property with their children and had to pay a mortgage either way. It’s supplemental income and was not planned, so it’s all additional cash flows. But let’s play your game and take into account their mortgage: Their monthly cash flows are “only” $2000…feel better?
it's not a game, it's just reality sir. You are favorably mischaracterizing the deal. Yes; that is a major difference. It changes things to an optomistic 4 year payback cycle COC assuming you pay no income taxes or capex... Though you will pay income taxes and capex. So probably closer to 5-6 years?
(even though if we want to nitpick you were at 1500 cashflow in vid.)
FWIW; Though less sexy, 5-6 year ROI is not bad. There's no reason to juice it unless you genuinely made a mistake or simply trying to generate course sales, IDK. Your response makes me feel even less like you're an honest presenter now..... All the best to the owners, good for them.
@@KaiAndrew
Dude you are in Hawai’i, take off your shoes when you enter a house.