Great video! I’ve been buying in Michigan City, IN for several years, which is definitely not a hot spot for Airbnb’s (sleeper area), but we have been making insane returns on very affordable properties. We just purchased a duplex for $145k, that will gross right at $100k/yr.👍
Absolutely @Karina! I have several videos on my channel about how I’m buying and the price points and returns. Feel free to check them out and let me know if you have any questions!
🔥 Best of luck on your Journey @Living Off Rentals ! How was it? Would you mind share your experience? P.S. If you have any other questions about starting & growing your Airbnb business lmk.
From one Andrew to another.. thanks for always dropping amazing content! Currently in my first STR house hack. I'm in Texas and possibly looking to do a land hack next. Does your course cover land financing and all that? Thats something i'm still not very knowledgeable in.
Hi Kai. We own a STR in Santa Fe NM. Be careful in recommending. City limits STR permits to 1000 units. Also city is looking at limiting future STR to owner occupied only. FYI.
@@nickmontano57130 days is a legal long term tenant which is super dangerous to do in California due to renter laws . You will end up with a squatter like that guy had in Hollywood hills had . He couldn’t get rid of her and she didn’t pay rent for 2 years !!!!
Cmon Siren, that’s just being paranoid. I’ve had over 100 renters and that has never happened. If it did I would make it super uncomfortable for that swatter. And trust me when I say there are many ways to make a squatter uncomfortable
I do mid-term rentals (30 night minimum) much more recession proof. Mostly marketing to travel nurses who are staying in my city for 2-3 months at a time.
Kai infecting me with your knowledge and energy. After doing mobile home renovations I am researching everything I can to improve my model and you are a vital part of it... thank you!!!
🔥 I’m with you on this @Empire of Real Estate! This was a great video! P.S. If you have any questions about starting & growing your Airbnb business lmk.
Airdna AND Mashvisor? Thats uber expensive to get both services, getting a city where I live for airdna is about 100$ a month which is crazu so I need airdna and mashvisor just to find 1 property?
All those cities are not cheap to buy in. Check out New Orleans. One of the only cities that receives an A+ on Airdna. Has an STR permit moratorium though :/
I have a STR in Asheville and that market is super saturated. STR ownership increased by 1100% in the last 4 years. We still make a little money on our place but it’s not a market to buy into at this point unless you’re fine with that. Beautiful area though!
The recession were heading into might make one reconsider. Also the upcoming reverse migration due to climate change and lack of water is another factor I would also add that if everyones doing it and people are making $ off telling others how to profit it maybe time to reconsider.
Well, I watched this from my already paid for in full home in Savannah Georgia that needs renovating to see where else (as this is where I was born and simply want a new start) where I can buy and have some Airbnb business from a replacement home, but I guess I just need to stay right where I am. Not what I wanted to hear but I'm damn glad to hear it.
@@KaiAndrew thanks for the reply. Property values are so high, do you think there's any equity to be found when we're seeing up to 50-80% gains in last 2 years?
But what if all of these places you mentioned are out of my price range? ;( Also I'm seeing that expenses are outweighing rental income, allowing for no deals . Not sure if this is a common thing.
The correct word is APPRECIATION!!! Which creates more equity!!! Equity is the difference between what you owe on the property & the current value of the property. They work together. Forced appreciation is what you are talking about by adding value. Good job!!! :)
@@KaiAndrew You just said what I said in first sentence. When we talk about appreciation we talk ins terms of rate. EX: What rate are homes appreciating in your area? Not what rate is equity growing in your area? Or How much did your home appreciate last yr? Not how much equity did your home grow last yr. Two different words. Lets say the home went from $100k to $200k in a yr. It appreciated 100%. Yet did the equity grow 100%. Maybe or maybe not. In this case NO!. Why not? Because the owner removed equity with a loan to pay for the remodel to force that 100% appreciation in it's value. Many places you used equity you really meant appreciation.
Love your energy, Kai! But I'm nervous this video is misleading. These are three of the most heavily regulated and most quickly changing STR markets, which can make investing in these areas super risky - especially for beginners! Would love to chat more about how you dig through regulation! Let me know if I can help you out at all.
Book a call with me or my team to see how can "land hack" and if our program is a good fit for you. calendly.com/kaiandrew/discovery-call
Your spreadsheet download link on your website doesnt work... i would love to get my hands on that spreadsheet though 🙌🏼
Recent news says that Atlanta is cracking down really hard on short term rentals. Wouldn’t that be a place to steer clear of?
Great video! I’ve been buying in Michigan City, IN for several years, which is definitely not a hot spot for Airbnb’s (sleeper area), but we have been making insane returns on very affordable properties. We just purchased a duplex for $145k, that will gross right at $100k/yr.👍
But u turn it to Airbnb, right? Only Airbnb can have that high gross
That’s awesome. Well done 👍
@@ginashen8974 yep!
Absolutely @Karina! I have several videos on my channel about how I’m buying and the price points and returns. Feel free to check them out and let me know if you have any questions!
🔥 Best of luck on your Journey @Living Off Rentals ! How was it? Would you mind share your experience?
P.S. If you have any other questions about starting & growing your Airbnb business lmk.
Ahahah this video was super fun ! I like your approach to it man, thanks for great content !😊
From one Andrew to another.. thanks for always dropping amazing content! Currently in my first STR house hack. I'm in Texas and possibly looking to do a land hack next. Does your course cover land financing and all that? Thats something i'm still not very knowledgeable in.
Haha. Congrats on the first STR! We do cover financing. Go to my site and setup a call with me and we can see if it's a good fit for you.
Hey Andrew👋 I have some videos that might help you get going on your Airbnb business journey. If you ever have any questions just lmk.
I'm learning so much, thank you very much
It's 11 months later. So, how about now?
Hi Kai. We own a STR in Santa Fe NM. Be careful in recommending. City limits STR permits to 1000 units. Also city is looking at limiting future STR to owner occupied only. FYI.
Poor people making money is offensive to the powers that be
What I did when they did that in Cali is just push the minimal days to 30. It’s actually been the best property grossing $108,000 annually
@@nickmontano57130 days is a legal long term tenant which is super dangerous to do in California due to renter laws . You will end up with a squatter like that guy had in Hollywood hills had . He couldn’t get rid of her and she didn’t pay rent for 2 years !!!!
Cmon Siren, that’s just being paranoid. I’ve had over 100 renters and that has never happened. If it did I would make it super uncomfortable for that swatter. And trust me when I say there are many ways to make a squatter uncomfortable
Question: have you considered an area/arrangement that is “recession proof”? If so what does that look like
I do mid-term rentals (30 night minimum) much more recession proof. Mostly marketing to travel nurses who are staying in my city for 2-3 months at a time.
Basically buying/renting apartments walking distance from large hospitals
9:30 you're welcome
It’s a no-brainer that Santa Fe would be hot. These are not “sleeper” areas at all. 😢
Why not Augusta GA???
What are the top locations where it's recommended to invest in buying an Airbnb property?
Cut to the chase on a good strategy. You come across like a get rich quick.
Doesn’t ATL have regulations against STRs if you don’t live there?
Where can I find your spreadsheet?
Kai infecting me with your knowledge and energy. After doing mobile home renovations I am researching everything I can to improve my model and you are a vital part of it... thank you!!!
Hey Handel 👋 I have some videos that might help you get going on your Airbnb business journey. If you ever have any questions just lmk.
@@ivantejeda hi please share air bnb
@KaiAndrew I'd love to get a link to that spreadsheet. Didn't seem to be in the description any longer.
yeah, you can still download it for free from my website - kaiandrew.com
Hello Kai, I've enjoyed your channel over the last year. Are you still sharing your excel sheet to analyze rental properties (multifamily)?
Levi
yeah, you can still download it for free from my website - kaiandrew.com
thanks! @@KaiAndrew
This video is excellent! Short Term rentals can be super lucrative.
Glad you think so!
🔥 I’m with you on this @Empire of Real Estate! This was a great video!
P.S. If you have any questions about starting & growing your Airbnb business lmk.
How do schedule a phone call?
Just found you! Sick channel bro! You from hawaii? haha You definitely got that vibe bro!
Thanks Jeremy. I'm not Hawaiian, but spent a lot of time there. :)
Airdna AND Mashvisor? Thats uber expensive to get both services, getting a city where I live for airdna is about 100$ a month which is crazu so I need airdna and mashvisor just to find 1 property?
Some area are cracking down on airbnbs
Great channel. Just subscribed. What is the brand of the white T-shirts that you wear? 😁 Real question.
Haha. Thank you. It's Spoke clothing. My favorite shirts. :)
All those cities are not cheap to buy in. Check out New Orleans. One of the only cities that receives an A+ on Airdna. Has an STR permit moratorium though :/
This is the most informative and most practical video I’ve ever seen on Airbnb research 🙏🏾 THANK YOU !
🔥 I’m with you on this Cory! This was a great video!
P.S. If you have any questions about starting & growing your Airbnb business lmk.
Another great video, your channel deserves to blow up Kai.
Thanks, Leh!
🔥 I’m with you on this Leh! This was a great video!
P.S. If you have any questions about starting & growing your Airbnb business lmk.
Kai, what was the 3rd area that you liked? Also curious your thoughts on Asheville NC.
I have a STR in Asheville and that market is super saturated. STR ownership increased by 1100% in the last 4 years. We still make a little money on our place but it’s not a market to buy into at this point unless you’re fine with that. Beautiful area though!
The recession were heading into might make one reconsider. Also the upcoming reverse migration due to climate change and lack of water is another factor I would also add that if everyones doing it and people are making $ off telling others how to profit it maybe time to reconsider.
Yep, I would stay away from the West, drought is gonna hit them hard long term.
Hey hey, you are 100% right. AIRBNB is basically dead for most people.
I’ve always liked Kai’s quality videos and I found them quite helpful.
Well, I watched this from my already paid for in full home in Savannah Georgia that needs renovating to see where else
(as this is where I was born and simply want a new start) where I can buy and have some Airbnb business from a replacement home, but I guess I just need to stay right where I am.
Not what I wanted to hear but I'm damn glad to hear it.
Great video, Kai! And sharing that kind of knowledge for free now a days is unheard of. 👍🏾
Absolutely! My pleasure. :)
Hey Kai what do you think about the Joshua tree yucca valley area?
Very cool area, lots of competition and new regulations, but very enticing stillin.
@@KaiAndrew thanks for the reply. Property values are so high, do you think there's any equity to be found when we're seeing up to 50-80% gains in last 2 years?
Can you recommend a town in Oklahoma for an Airbnb?
I think your absolutely right !!… but what’s about Airbnb ??
I got lost at the ending but understood in general lol.
Thank you brother. Great info
Any time!
Random question, but any feedback on what computer you utilize for video editing? Mac / PC fan?
I personally use Mac and Final Cut Pro x. My editor prefers pc and premier :)
Cool
Coupon code no good
Kai Hive logging in !
Great!
But what if all of these places you mentioned are out of my price range? ;(
Also I'm seeing that expenses are outweighing rental income, allowing for no deals . Not sure if this is a common thing.
Use the methods to find an area that better fits your budget or find a partner to help with the financing.
Obsessed! This was really good.
What about Virginia?
Perimeters != Parameters
Noooo stay out of Louisville!
Hi 👋
Do u know any website can find out rental property rental price? And best place for investment?
Thanks
This video you’re commenting on…?
Great video brother
So can I get this done with about 50k credit is not to good
Hey there
Hello :)
Always crushing on the videos and info thanks homie
🔥 I’m with you on this @Hilde Homes! This was a great video!
P.S. If you have any questions about starting & growing your Airbnb business lmk.
Right on time. My hometown Airbnb has been crushing for 5 months and I was wondering next steps of looking in a new market. Thanks!
Hey @mminjarez👋 I have some videos that might help you get going on your Airbnb business journey. If you ever have any questions just lmk.
U are spot on on where to buy ! I bought homes in NC , NM and those areas home prices are going up so as rents
Hey @AFTECH👋 I have some videos that might help you get going on your Airbnb business journey. If you ever have any questions just lmk.
thank u kai
The correct word is APPRECIATION!!! Which creates more equity!!! Equity is the difference between what you owe on the property & the current value of the property. They work together. Forced appreciation is what you are talking about by adding value. Good job!!! :)
You can use either term. Equity is the difference between what you owe and market value. So if you increase market value you “created” equity.
@@KaiAndrew You just said what I said in first sentence. When we talk about appreciation we talk ins terms of rate. EX: What rate are homes appreciating in your area? Not what rate is equity growing in your area? Or How much did your home appreciate last yr? Not how much equity did your home grow last yr. Two different words. Lets say the home went from $100k to $200k in a yr. It appreciated 100%. Yet did the equity grow 100%. Maybe or maybe not. In this case NO!. Why not? Because the owner removed equity with a loan to pay for the remodel to force that 100% appreciation in it's value.
Many places you used equity you really meant appreciation.
Love your energy, Kai! But I'm nervous this video is misleading. These are three of the most heavily regulated and most quickly changing STR markets, which can make investing in these areas super risky - especially for beginners!
Would love to chat more about how you dig through regulation! Let me know if I can help you out at all.
Agreed. That’s why I teach how to navigate around all the regulations. :)
Is Niagara Falls good? Was thinking of buying there over 9 million visitors a year
Sure, location sounds good, but it really comes down to the land/property itself.
*No one who is earning big dollars in realty is running a TH-cam channel about "How to earn big dollars in realty."*