The Wrap Up: TERRENCE J ON AIRBNB & KANYE WEST
Market Mondays
EYL Network
5.0 • 4.1K Ratings
🗓️ 27 July 2022
⏱️ 12 minutes
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Summary
In this Wrap Up Terrence J talked about how Airbnb changed his life and his conversation with Kanye West about not letting outside forces control his creative process. #kanyewest #airbnb #Terrencej
Link to episode: https://youtu.be/Bd01wzXlS9g
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Transcript
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| 0:00.0 | Airbnb. Yeah. So I know you I spoke to you and you was like you know you've been making some some |
| 0:05.3 | nice profitable for Airbnb. So about that how did you get turned on to the Airbnb game and yeah |
| 0:10.7 | it's about the Airbnb business for you. Yeah you know it's crazy because I've been coming down |
| 0:15.5 | to like the city like Miami for years and the you know Airbnb has just changed how people travel |
| 0:22.7 | right. People don't even automatically go to a hotel now you're going to Airbnb but it takes me |
| 0:28.4 | back to what you were saying after the recession right. So it's a buy a house in the |
| 0:33.5 | Airbnb New Jersey back when you know everybody you working in New York you lived in New Jersey |
| 0:38.3 | that's not right. So it's edgewater New Jersey area right. What this house 2007 2006 for about |
| 0:47.7 | 500 some thousand dollars. I think it was like 525 for this townhouse right. So I end up I get a new |
| 0:54.1 | contract. I'm leaving 106 apart new contract in LA at E-news right. So abruptly within a month |
| 1:03.2 | I got a move right. I'm now in LA right. So now I have this property that's costing me a few |
| 1:09.6 | thousand dollars a month. I get a rent here but I'm losing still about 1500 2000 a month in |
| 1:17.2 | New Wrens right. Fast forward I get chicken and within 12 months of that I'm like oh man this is |
| 1:24.0 | bleeding me dry right. Sell the house get out of it right. I looked at that house before I did |
| 1:29.2 | this interview the house now the last time it sold was for 1.5 million right. On the 500,000 |
| 1:34.5 | a house. If I would have not been scared and stuck with it and kept the property I would have made |
| 1:40.1 | my money twofold on it a million times over right. But as a you know as especially as black people |
| 1:47.8 | my parents were all first generation a lot of us. So I've been told my whole life don't have multiple |
| 1:53.1 | mortgages. You don't want to have multiple properties right. The Airbnb game has completely shifted |
| 1:59.9 | a lot of that paradox right. Now I have multiple homes and multiple cities. I just brought a |
| 2:06.4 | house I'll talk about a Palm Springs. I brought this house for one one one main out. |
| 2:10.8 | What kind of car do you like? Electric gas hybrid whatever you're into there's a Hyundai Tucson |
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