Why Airbnb Is Your Next Side Hustle

The Tai Lopez Show

Tai Lopez

Business

4.8 • 6.9K Ratings

🗓️ 25 July 2019

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

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Summary

Problems hiring? Go to ziprecruiter.com/taifor a smarter way to hire for FREE!Visit netsuite.com/tai to download your FREE guide, “Seven Key Strategies to Grow your Profits”Go to stamps.com, and click on the microphone at the top of the homepage and type in TAI—to get a 4-week trial plus free postage and a digital scale without any long-term commitment.“The largest taxi service in the world owns no cars—Uber. The largest hotel service in the world owns no buildings—Airbnb. The largest journalistic magazine and media company has no reporters—Facebook.” - Tai Lopez(click to tweet)Real estate has made the most millionaires. When we evaluate the profitability of each industry, nothing compares to real estate. The buying and selling of property has produced the most wealth. However, because of technological advancements like smartphones and mobile applications like Airbnb, a new opportunity exists: sharing property. On today’s episode of The Tai Lopez Show, we are discussing how to make $1K-$10K/month using Airbnb. Whether we’re renting or owning properties, opportunities exist to profit from the unused space. But before we watch the money pour in, we must know what to look out for. Listen to this episode to learn the insider secrets, so you can create wealth from the property you live in. Don’t forget! You can also listen to The Tai Lopez Show on Spotify! Click “Follow” and let me know what you think!“A great way to network with billionaires is to not know who they are. That way you act normal.” - Tai Lopez(click to tweet)Points to Keep In MindImplement screening filters on tenants when renting your home out on Airbnb92% of the cities in the United States allow home-sharingIgnore the people who don’t believe in youStart home-sharing with the empty bedrooms inside the place you currently live inNo matter the industry, find out ways to join the sharing economyMake sure you have the right to sublease when you sign your leaseServices are the most inexpensive type of business to startDon’t believe verbal agreements. Instead, make sure everything is spelled out in writingCredit isn’t a black-and-white indicator of quality of tenantWhen purchasing real estate, you want to buy from unsophisticated sellers Create a separate website to advertise your property (use Wordpress, Wix, Squarespace)Learn more about your ad choices. Visit megaphone.fm/adchoices

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Transcript

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0:00.0	So I went to him and said, how about if we do this, I'm going to find the property.
0:04.3	I'm going to do all the work and I'll pay you a grant of $3,000 to hold it for a day.
0:09.7	So I went to the warehouse steps and bought it and used his money.
0:14.9	And then the very next day did a traditional close on 100% USDA loan.
0:20.3	So I was able to buy a, I think I paid like $70,000 for that property,
0:25.4	100% financing and then it ended up selling for a little wonder 140.
0:30.6	So that was kind of my first deal, it was like, you make on that first deal.
0:34.3	About 40 or 50,000.
0:44.0	Okay, we're back with the investor show.
0:46.6	We're talking about how you can make $1,000 to $10,000 a month with your own Airbnb
0:51.7	and home sharing management company.
0:54.0	And I got four guests here.
0:58.3	Pretty much all within letter B, Brian Braden, Brad, and Zach and me.
1:04.2	And combined here, these four have done over 5.5 million in the last 24 months.
1:11.2	So I want to bring people on that actually are doing it.
1:14.9	And I just closed a real estate, I've been doing a ton of real estate deals,
1:18.1	I just closed one literally 30 minutes before we started here.
1:22.9	So 30 acres, I do more raw land development.
1:26.4	So I just bought 30 acres down south.
1:29.6	We're here in New York, central park behind us.
1:33.0	We just lost the the sun went down, you could see, but it's cool.
1:37.4	All right, you were doing a case study, Brian, on one, is it one of your students?
	...

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