68 min listen
492: Robuilt’s Tiny Houses That are Cashing in MASSIVE Profits Every Month
492: Robuilt’s Tiny Houses That are Cashing in MASSIVE Profits Every Month
ratings:
Length:
61 minutes
Released:
Aug 5, 2021
Format:
Podcast episode
Description
Rob Abasolo, AKA Robuilt on Youtube, didn’t have a background in real estate, or construction, or hospitality, or really anything related to his current success. He did have drive, creative thinking, and the will to make something work when other people told him it was impossible.Rob and his wife moved from Kansas City to Los Angeles, trading a $1,100 mortgage on a house for a $1,800 rent bill on a small apartment. Around this time, Rob started hearing about Airbnb and short-term rental hosting. So, he decided to buy a house, keep his apartment, and try his hand at some Airbnb arbitrage. It worked, and thus the short-term rental revenue model was proven!Rob then started to Airbnb out the apartment attached to his new home. He was pulling in some solid income, anywhere from $2,000 to $3,000 a month. So what did he do next? He built a “tiny house” in his backyard for around $72,000 and began renting it out for up to $4,000 a month on Airbnb. That’s when Rob thought “what if I built ten of these?”Now, four years later, that’s exactly what he’s done. Rob has a growing portfolio of short-term rentals all across the United States. From California to Texas, to Tennessee and beyond. But this isn’t the end for Rob. His new plans? Build a massive “glamping” compound on his newly acquired 50 acres of land in Gatlinburg!In This Episode We Cover:Airbnb arbitrage and the risk of always going after cashflowOffsetting your mortgage with short-term (or long-term) house hackingAirbnb regulations and making sure you’re allowed to host visitorsBuilding a “tiny house” and the cost associated with itFunding your deals through HELOCs and partnerships The new trend of “glamping” and why it may be a massive opportunityAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets CalculatorsBiggerPockets Youtube ChannelAmerican Horror StoryTuroJoshua Tree Harebnb ListingBiggerPockets Podcast 280: The Key to Making Great Deals (Hint: Overlooked Properties!) with Mark Hentemann (Writer for TV’s Family Guy!)ZillowAirbnbCheck the full show notes here: https://biggerpockets.com/show492See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Aug 5, 2021
Format:
Podcast episode
Titles in the series (100)
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