Bought A CHEAP Cabin on 12 Acres and Turned It Into CASH
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- เผยแพร่เมื่อ 4 ก.ค. 2024
- 👉🏼 Watch my full land training video here: kaiandrew.com/free-training-l...
Replacing an American income with the right property is easier today than ever before. Learn how Bryan did it in 9 months with an ugly 12 acres in Georgia by improving the property and putting in some very unique rentals. #landinvesting #airbnb
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Hi-Tech Hiking
Ayush Rai
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Come hangout with me in our next free live webinar, Saturday, March 30, 2024 at 9am PST. Save your seat here: kaiandrew.com/live-webinar-registration/. I'll be sharing how we are using data to find and create dream income properties. See you there!
Looking forward to working with you and the team in the next 18-24 months! Love the content and super inspired Kai!
Wow the numbers on this deal are amazing, I thought I got a good deal on my first property but this is a home run. Good work Brian!
Yeah, Bryan did a really good job scouting for the right property. What was your first deal?
Great content man 🎉
Thank you, sir 🙏
Fantastic video, Kai. I have a similar mind as Brian, but this property still blow my mind.
Moral of the story it takes money to make money nothing happens easy..
As true as gravity itself. ;)
Takes work to make money
No it take brains 🧠 because I have all the money u need but if u don’t have a deal or PLAN u have nothing
@@geraldlofton I have a plan very similar to this one in the video. Maybe you'd want to hear more as I have the plans but not all the funds. If you & I can do a partnership that started through TH-cam comments that'd be cool 😅
It does take money to make money, but that is generally used as a defeatist reason to not try and consequently, you’ll never make it without trying.
What a great motivational story. YES LOTS OF HARD WORK
Agreed! But it sure is worth it in the end. :)
Great video Kai - love the land hack Multifamily LTR move here
Glad you enjoyed it!
Thank you Kai for the information and guidance! Kai has be an integral part in my partner and I's land hack.
Of course! Who is this? Have I worked with you…:)
I used to go to college in that area, don't recommend it (YHC) but I will say it's an extremely beautiful mountain town with a lot of money.
Awesome! Did he have to bring water wells to each individual unit or was it city connected?
A killer video, as always
Thanks 🙏
How was he able to refinance with it being a double wide?
Your numbers are misleading. He didn’t build 303k in equity. He put 225k of renovations into it. He only added the 78k in equity.
Correct: $303k increased value, $78k equity gained.
This video does a great job at illustrating with numbers. In the back of my mind, however, I keep asking, "How does he / you hedge against economic downturn when tourism plummets?"
Thanks! We build safety nets and underwrite our properties and markets for downturns. Making less money for months, or even years, should be considered in your analysis and underwriting process.
Inspiring stories no doubt.
I think so too! :)
It is worth noting that the months you showed you mentioned are the off season, that is actually the high season in the area so that is inflating the cabin numbers quite a bit. I have a cabin in the same area that I was able to compare to, it is interesting..
That cabin based on the months shown being about 1.5x the average, which would bring in 48k per year. Each of those structures will bring in 36k average per year. Given the refi this property could be negative, this should be sold in my opinion; or parcel it, keep some, sell the rest.
Interesting. Thanks for sharing! I didn't know October thru January were peak months for areas like this - good to know.
@@KaiAndrew honestly it is more like October - March for high season here, its great. Not trying to be negative just sharing how things have been in comparison but everyones property will perform differently of course. It looks like a great location I hope things go well!
it is unbelievable the naivety and grift expressed with these numbers.
no my guy did make 300k in year one and it’s not “making” 250k/yr with 3 units.
Ok 👍
@@KaiAndrew stop over embellishing the focal points of your content and learn how to calculate real outcomes. youre doing this owner an injustice and hopeful people watching this video.
do you really need to be hyperbolic and mischaracterize whats going on to get views and sell courses? is that really the play?
@@Khanfuzed1 Every TH-cam guru is the same, they'll do the most to sell you a course and once they take your money, it's on the next fool to scam. Numbers here are highly over exaggerated and there's zero risk tolerance.
How do you peach to the bank that you want to buy a land?
I Romania, Europe, banks doesn't seem to let me borrow money for buying a piece of land and I have a lot of income from my job to cover all the expenses for a mortgage.
For example, a piece of property that I was looking for, it costs 90k euros for 3100 square meters (Somewhere around 33368.12 square ft) and it won't give me a loan even tho I make 3k euro net per month (and my total living expenses sum up to 1.1k euro). basically leaving me with a total of 1.9k euro left to spend.
@KaiAndrew suggested in another video to buy a house with an excess of land to tap into a more traditional mortgage that typically expects a lower down payment than a land-only purchase.
Genius
Awesome
Come on Kai! This is the exact situation on the Montana property. I’ll join landhacker if you partner with me on it 😁
Bro, I don’t know you. Join landhacker and we will help you get it going on your own.
@@KaiAndrew lol. Fair enough. I may do that. I’ll put some serious thought into joining. Thanks Kai!
Sweet video Kai! Hey we used your referral link when setting up our account on AirBNB in circa. June 2022, hope you got your kickback. 👍
Also we're looking at switching our A-Frame cabin from lame inefficient portable AC units to mini splits. Will definitely look into Mr Cool.
Hey Bernhard! Thanks for using my link. I can't remember from 2 years ago though - lol. Mini-splits are a great option if you need something quick, easy and you don't mind the look. Hope everything is going well!
@@KaiAndrewThanks Kai! Hey we had some electricians come in last week to look at installing mini splits, and they said they wouldn't be able to do it because of how little available vertical wall space is on our A-Frame. Most of the vertical walls are either doors or windows. Any tips on how to install mini splits on the angled walls of an A-Frame?
So what does that mean for the rest of the county when the comp taxes jack everyone else's taxes including yours. What about inflation and upcoming depression?
Huh? When who does what with taxes? Inflation is fleeting. We have periods of high and low inflation - learn how to adapt. Depression? Go read up on the 1920/30s and 2008 depression and get back to me...Again, learn how to adapt.
He sounds like Luke Bryant
Haha, yeah he does.
Had to stop watching...the editing is so bad. Motion, popping, edits for no reason. Blah.
First world problem. Sorry you had to endure that
Thanks for trying, Jake! Maybe the next video will be more your taste.