How He's Using A $1K Permit to Build 6 Cabins Worth $3M
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- Опубліковано 12 вер 2024
- Watch my full land training video here: kaiandrew.com/...
Getting into alternative real estate can seem daunting, especially when it seems like the market is over-saturated. In today's video we get a glimpse of how we found an up and coming market and how one of our members, Doug, is using that to his advantage by building out unique stays that can not only generate significant cash flows, but also equity! Watch the video to learn how to find ideal locations, get permits and plan out a strategy to build an amazing Airbnb business with unique vacation homes.
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Credit:
Ayush Rai
This is very impressive. As a home builder I have aspirations of becoming a developer one day and seeing projects like this is very inspiring!
the confidence to consider 6 campsites in WV on 9 acres worth 3M is impressive.
Everyone I've met in WV has a private family campground theyll let you stay at for free.
@seanstack180 where are you a home builder. I am also a home builder, in midland tx one day I want to become a developer/builder as well
800 ft per dome, $154k plus per dome, almost $200/sq ft. $65k/yr per dome equates to $180 per day "non stop". Seems somewhat exaggerated......especially if you consider at least 4 months of "off seasons"....more realistic scenario, this is a 10% cap deal if everything goes per plan....
Exactly. He’s just trying to sell his course
Shit, you know it’s way more expensive than that. Dude thinks he can build an access road for $2k. Hahahahaha
Texan here. EveryTexan and Louisianan knows its called a shot gun house because IF you shot a shotgun at the front door the pellets would come out clean on the other side.
Pallets don't turn directions to hit everything. Not hating just providing information 😂🤔🫢🤫😘😎
Thanks for sharing!
I met two neighbor ladies in Baytown, Tx. who were from in between Casper-Hemphill area and first time I heard shotgun houses were from them. They lived in shot gun houses.
I’ve been investing here the past 2.5 years! Kai is on the ball with this!
As a PROUD WEST VIRGINIAN and just starting to dip my toes in real estate & business acquisitions, you gained a subscriber and a fan, with your interest in our extremely underrated beautiful state. That's the first time I've heard of you, visitors per square mile philosophy but it makes absolute sense and near genius strategy. Excited to follow this journey
Luckily, my spouse and I were able to pay off our mortgage early. We took the money we were spending to accelerate our mortgage repayment and invested it right away while we were both still working. We were able to retire early after accumulating what would have been our home payment for over 7 years and maxing out our 401K/403B plans. Thankfully, both of our parents taught in us the importance of living within our means.
Investing without proper guidance can lead to mistakes and losses. I know this since I've been there myself. Seeking guidance from a professional is preferable if you're new to investing or don't have much time
Investors can have different investing results even with the best strategy and suitable assets. Understanding how experience plays a critical part in successful investing is key. Since I was aware of this, I consulted a market analyst for advice, which helped me build my account to about a million dollars. Having strategically cashed out just prior to the market correction, I'm now taking advantage of buying opportunities once more.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances
Leah Foster Alderman is the licensed expert I use. Just look up the name online.
She seems to be literate and well educated. Thank you for sharing, I found her webpage when I searched for her online.
Oh buddy! I’m developing the same concept in Mexico with a third of your capex and better returns.
so you are lucky ;)
Rofl. Only benefit you have is cheaper resources, and way less in profit. But this guys lying through his teeth with his pricing. So I’ll bet you are as well.
I started climbing at the New in 2004. Great place. You can do this because they haven’t regulated to death yet.
Yeah, the climbing in the area is really incredible.
What's zoning of the land? Was it commercial zoing before he purchased the land?
please do a video on how your process is putting together these videos! it's incredible story telling! that's the course I want to buy from you!
Great suggestion!
Awesome suggestion
Kai, Can you walk us through the permitting process and what it entails?
Awesome video - Super excited to learn more because this is almost exactly what I want to do!
Question: Do you typically get lending on the construction costs of these unique structures? If so, how do you get insurance on these in order for the bank to lend?? Thanks!
Lending will be non conventional and we work with insurance brokers to get best insurance policies.
Being from Portland I love the Portland shade thrown😂 although it is sad knowing how good it was
"Effluent" neighbourhood 😂😂😅
Love the work and you made me laugh there.
One small thing worth mentioning is... your camera bounces. It would be worth securing it or you desk better.
Keep up the good work.
Lol. Glad you caught that. Yep, I kept bumping the desk. Thanks for catching that :)
Very well presented Kai😊 Investor Doug provided Lot of material to showcase! A year later with actual Return on Investment would be worth wait... 🗽Why not build with solar powered cabins to eliminate monthly Electric costs(& Utility rates of Inflation) esp. some months rentals may be vacant!?
Thats crazy, im in the process of relocating to this area as we speak. Beautiful, would love to come by and check this property out at some point.
I'm sure Doug would love it when it's done!
Great video like always! This is where I have a few Airbnbs! Love to meet up at some point!
You could easily power some of the cabins with solar panels and batteries for under $8,000 each. Something to consider when looking at the cost of running power across the entire tract. Also provides some expense savings plus a niche, but comfortable experience for folks interested in off-grid living. ☀️⚡️🔋👍🤩
You’re one of the BEST Airbnb UA-camrs I’ve ever seen! Quick question, where do you find the visitors per square mile stats?
Thanks! Google, chatgpt or tourism data
I found your contents interesting, you're really doing great
I appreciate that!
@@KaiAndrew noticed you ain't getting a good result with how great your contents are. Do you mind been put through some strategies?
Awesome video! Can you do a video breaking down geographic travel density?
Ooooo! Nice use of the word Nebulous!
"Permitting process only takes ONE day" and is, "super simple" are words I've never heard used at our local counties here in Western Washington. Looks like it's time to move to West Virginia.
Very well made, thank you. Lots to learn
Glad it was helpful!
Consider a VTB for part of the land cost, payback over 5 or 10 years.
Excellent Video...Will Stay Connected
New Subcriber.... You are Very Knowledgable an Focus......
Very impressive.
I've signed up for your program months ago, following your videos and videos from other creators in this niche of creating short term rentals. I really think I know what to do, step by step, I have some money, I can reduce the construction costs to almost material costs (my dad is a construction worker and his team can create our houses with huge discounts).
But I feel blocked, I don't know how to acquire the land, I know the area that I want to build in, I understand the risk, I've done my due diligence regarding the occupation %, rates, high and low periods for that area but what I don't understand is how do you start this?
In my country (Romania, Europe) you can't just buy the land with a loan from the bank.. They don't give it to you, and the land prices are huge...
With all these prices, after construction, in theory you can break even at 20% occupancy rate but the area is more of a 60-70% on average.
Can a scheduled call with you and your team help me 'unstuck' from this issue?
Hey there! I don't see you on our roster, did you enroll under a different name? If you're in the program you should be seeing in videos, classes and our 1:1s on how to overcome that challenge. Shoot me a message in our Discord and I'll make sure we get you the support you need to get your project going. Cheers, Kai
If you build it they will come 👍🏽 solid plan
Wow, high quality video! Great job!
Thank you very much!
All the negative comments here, have no idea how successful this will be. it's absolutely genius. I'm from west Virginia and can vouch for the shear beauty of Fayetteville County & New River Gorge. Bridge Day has became one of the top 10 tourist attractions in the country and you can't find anywhere to stay during that time unless you book a tear I advance
I am making a fortune doing this thing i am about to tell 1000's of strangers about, because nobody else is doing it. Guess what i'm really making a fortune on.
Great video and information!!
This is where I am. Been thinking the development were doin has been justified
Nice!
So, one of my BIG questions is how do you find a great cleaning company as a non-present owner? I mean, it's difficult finding a good cleaning company for AirBnBs I live in the same town of. This question alone has kept me from venturing out of my immediate area. Can you help me with this!?
exactly. cleaning and basic maintenance and somewhat reliable (they have you by the balls and they know it). Hard to find and getting harder
I personally hire, train, coach and audit all my cleaning crews.
How do you find out the demographic travel density for a specific city or area?
Registeed but no download kit....
This company motto is "We Built Tent Houses"
Kai, we have been using your spreadsheet for a project we are working on. I don't see this new addition from the video today. The part where it talks about the score and the days of payback, breakdown, margin, and quality score? Can you help me with that?
12mins in “The program “ I was wondering what was the sell
Do you use a software or a service to calculate "demographic travel density"?
Can I contact Doug? I am in the middle of purchasing a small plot of land in Hinton.
Which part of town? Im closing on a place in Bellepoint next month
How do you find the number of visitors to an area?
Did he re-zoned to commercial? I didn't get that part from the video.
This is a good investment
Bro! Every time a flyover of the downtown was shown, it was Fayetteville, NC, not West Virgina!! Wants us to believe in the research, but he doesnt QA his own video.
Amazing
Kai, you can hope in one hand and 💩 in the other and see which one fills up first.
You got an access road for $2000?!
So basically, you are building a corn field with house decks with tents.
I love the fake quotes on damn near everything. $2k for an access road. I literally laughed out loud, if yall don’t believe me call your local dump truck drivers and ask for quotes on just ONE load of gravel. Let alone any of the other insanely low number quotes they want to spitball.
That's great but I hope that you're not going to become greedy and overcharge.
It's only wise to charge what the market is willing to pay. :)
Overall seems like decent info from my primitive knowledge but why does it feel like so many bots are in the comments? Intentional?
Why build?! Install!
cool! don't cut the forest down instead make it an eco resort
Nope, the land was already cleared ;)
Guys, he’s just trying to sell his course.. do some basic math and use common sense, this video is misleading
*Gasp* you mean I'm offering services on my personal channel showing evidence what we do works, while using a real life example and taking you through the numbers and process. My goodness. The audacity....😘
@@KaiAndrew no, you’re giving numbers that are idealistic at best, and downright misleading at worst, and leaving out critical details in order to sell people a dream that it’s easier to do than it really is, in the hopes that they’ll buy your course
🤔this sounds very greedy without considering the economic impact of charging outrageous rates. This impacts the poor essentially making them incapable of EVER affording their own home or rent. Why because the same greedy rental "holiday" property types own apartments and assess the community of housing, property people own, to determine how much to charge people to rent an apartment!
The origin of AirBnB was to be a better, more affordable place to stay then a Hotel/Motel. I never saw this becoming a greedy monster but makes sense since money brings out your true self. If you are kind. Your a giver. If you are selfish you will be greedy.
How does the new Biden tax plan on 25% to 44.6% tax on unrealized capital gains work for this system thank you
Sure, you’re not worth $100,000,000.00. Any other basic questions bud?
WEST BY GOD
?
Bibi Gaga $2!!
Unrealistic
What nonsense 😂😂😂... The extent to which these course youtubers go to sell you on how you should trust their expertise is ridiculous.
Even when I interview and show people who are actually doing it, it still doesn’t seem to be enough for you. I doubt even if you were given a property on a silver platter you’d still find a way to complain. Keep doing you.
@@KaiAndrew you can show whatever you want on plan. I'm a numbers guy and a lot of what was shown here doesn't add up. Not that the project is a bad one, but it is being highly misrepresented.
nice plan, but we wont be out of the next recession in 5 years.
Nobody has a crystal ball. And recessions are the best times to make the best returns.
Architecturally looks soo boring
It’s an initial concept. Doug plans on creating more unique spaces after phase 1
where is possible get finansing 1mil? for this progetct
Eyesore destroying the view
View? It’s not blocking anyone’s view. Unless you’re talking about decades of brush, broken down vehicles and rusty sheds as the “view”….