492: Robuilt’s Tiny Houses That are Cashing in MASSIVE Profits Every Month

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Investing, Business

4.8 • 16.6K Ratings

🗓️ 5 August 2021

⏱️ 61 minutes

🔗️ Recording | iTunes | RSS

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Summary

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 cashflow Offsetting your mortgage with short-term (or long-term) house hacking Airbnb regulations and making sure you’re allowed to host visitors Building a “tiny house” and the cost associated with it Funding your deals through HELOCs and partnerships The new trend of “glamping” and why it may be a massive opportunity And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Calculators BiggerPockets Youtube Channel American Horror Story Turo Joshua Tree Harebnb Listing BiggerPockets Podcast 280: The Key to Making Great Deals (Hint: Overlooked Properties!) with Mark Hentemann (Writer for TV’s Family Guy!) Zillow Airbnb Check the full show notes here: https://biggerpockets.com/show492 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the bigger pockets podcast show 492.
0:04.0	So I bought this house.
0:05.6	We're renting it on an Airbnb and it's pulling in about $2 to $3,000 a month,
0:10.0	which is very significant for us.
0:11.5	And so I'm like, wow, what if I had 10 of these things?
0:14.9	And my wife was like, oh boy, here you go.
0:16.8	And I'm like, no, I'm telling you this one's going to work. I swear.
0:19.7	You're listening to bigger pockets radio,
0:22.4	simplifying real estate for investors large and small.
0:26.0	If you're here looking to learn about real estate investing,
0:28.7	without all the hype, you're in the right place.
0:32.0	Stay tuned and be sure to join the millions of others who have benefited from bigger pockets.com.
0:37.9	Your home for real estate investing online.
0:41.2	What's going on everyone? It's Brandon Turner, host of the bigger pockets podcast.
0:44.8	Did I get bigger pockets? Bigger pockets podcast.
0:47.7	It's not like I've said that almost 500 times.
0:49.8	Here with my co-host, Mr. David Burr Green.
0:54.4	You know, we're going to go to David American Horror Story Green. What's up, man? How you doing?
0:58.2	I am an American Horror Story. That would be a good like UFC nickname.
1:02.8	David the American Horror Story Green.
1:04.9	If you want to know why I'm calling David that, listen to the end of the episode later on.
1:08.0	We talk about that and David got a little bit of fame. We'll say this past week.
	...

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