283: Are Vacation Homes Worth the Hassle?

Invest Like a Boss

Sam Marks Johnny FD Derek Spartz

Investing, Business

4.8 • 518 Ratings

🗓️ 26 October 2023

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Inspired by a topic that came up in last week's Quarterly Update (ILAB 282) Johnny and Sam go over the actual costs of owning a vacation home versus staying in hotels on vacation. Sam uses his real life examples he personally owns in Thailand and the United States for the cost basis. Results may surprise you on the costs of these properties versus what you could be spending that same amount on in going on vacations around the World! Discussed: ILAB Episode 282: Q3 2023 Quarterly Update Where we are: Johnny FD – Kyiv, Ukraine / IG @johnnyfdj Sam Marks – Bangkok / IG @sammarks12 Derek – Los Angeles / IG @DerekRadio Sponsor: WebStreet (Formerly Empire Flippers)WebStreet is launching their 6th fund. Webstreet buys & operates cash-flowing websites and is now offering SaaS businesses as well! Learn how to invest in this diversified online business portfolio HERE ILAB PatreonJoin the Invest Like a Boss Patreon now and get tons of bonus content, including additional episodes, full quarterly updates including account screenshots and more for as low as $5/month at Patreon.com/InvestLikeaBoss Time Stamp: 01:40 - Sam & Johnny Intro/Catchup 12:00 - Sam's Thailand Vacation Home Costs 23:23 - Sam's U.S. Vacation Home Costs 36:39 - Benefits to Owning a Vacation Home If you enjoyed this episode, do us a favor and share it! If you haven't already, please take a minute to leave us a 5-star review on Apple Podcasts and Spotify. Copyright 2023. All rights reserved. Read our disclaimer here.

Transcript

Click on a timestamp to play from that location

0:00.0	This episode is brought to you in part by our friends over at Web Street. In fact, you probably just heard them on a recent episode of Invest Like a Boss. It's number 277. We talked to Kyle, their operations manager, and he had teased us that they have a new fund on the way. Well, the time is now. Fund number six has just launched at Webstreet, and they're doing things a little bit different this time.
0:21.0	As you may recall, WebStreet's previous fund offerings bought and operated cash flowing websites.
0:26.6	Well, they're not getting away from that.
0:28.2	They're still doing that, but now they've included software-as-a-service businesses as well.
0:33.8	Now, these companies may not make headlines like Open AI or Tesla, but they're vetted,
0:38.5	profitable, spin off lots of cash, and make for great passive investments. And in fund number
0:44.1	six, the capital will be spread across a basket of businesses. That means there is no single
0:49.7	point of failure and you reduce your risk. And like said software as a service is now a part of the
0:56.2	strategy as well I know we've had a lot of ILAB bosses invests in previous rounds of these funds
1:01.8	and they do sell out fast so you're going to want to head over to webstreet dot co to get all the
1:06.8	information you can sign up for a quick free account it. It takes about 30 seconds, and you'll get
1:11.6	all the information you need to know before you invest. One more time, that's webstreet.com.
1:17.7	Webstreet.com. Welcome to the Invest Like a Boss podcast. I'm Sam Marks. I'm Derek Sparts.
1:24.5	And I'm Johnny F.D. We're self-made entrepreneurs who invest our own money and use modern technology to invest like a boss.
1:30.0	Join us each week for exclusive interviews with our network of modern investors, business owners, and multimillionaires to discover new ways to invest our hard-earned cash.
1:40.0	Hey, bosses, and welcome to episode 283 of the Invest like a Boss podcast.
1:46.5	I'm here in my not vacation home in Kiev, Ukraine.
1:50.8	And Sam is also not in his vacation home, but ironically in Thailand, very close to one of the many he owns.
1:57.0	And then you're pretty close to one of the ones that you own as well.
2:00.8	Yeah. Mine's actually being rented out and cash loan the ones that you own as well. Yeah.
2:01.5	Mine's actually being rented out and cash-loaning though.
2:03.7	What about yours?
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Sam Marks Johnny FD Derek Spartz, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Sam Marks Johnny FD Derek Spartz and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.