Single Mom Making $50K/MONTH From A $315k Property
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- Опубліковано 16 вер 2024
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There are many ways to hack real estate, but the ultimate land hack involves dozens of different ways of generating income (and cash flows) off ONE piece of property. More specifically in this case a tiny farm in Florida. And its owner, Cass, has built a small empire of rentals to make $50,000/month.
The incredible thing is it cost her less than $450,000 and it she got a conventional bank loan!
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✅ WATCH ME TO SEE HOW PEOPLE ARE GETTING RICH OFF CHEAP RENTALS
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✅ WATCH ME TO SEE WHY YOU NEED TO BUY IN GOLDEN TRIANGLES
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✅ WATCH ME TO SEE HOW I GO THROUGH ALL FINANCING OPTIONS
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✅ WATCH ME TO SEE IF CONTAINERS ARE WORTH IT
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What is Cass' channel? Am I missing it in the description? Unbelievably valuable content -- thank you!
In the process of buying a little cabin by the lake for Airbnb. First time for us and really nervous but we are doing this and praying we can be successful 🙏❤️
Wooohooooo
Pray to Lord Jesus Christ he will take care of you
Mathew 6:33 and you’ll be alright. 🙏🏽
Best of luck to you!
Chop that wood!
Who else wants this as their goal?! I do for sure.
Yes me
Meeee
Me too
I love to hear ideas because I want to buy 2+ acres when prices go down to live in but also have a business on it aside from animals.
YOU NEED TO EXPLAIN HOW SHE GOT THE FINANCING FOR THIS ENTIRE PROJECT
I'd love to see a video of her management structure. How does she manage the property, handle guest turnover, feed the animals etc....
Yes, me too! The gardening, hot water for guests, breakfast, toilets, check-in/out etc. Would be cool if you could do an episode about that Kai!
yes! love watching yours and Robuilts video's... I purchased 4acres in the Toiyabe National Forest and I just bought a dome to put up there! so excited!!!
Nice! And huge congrats. Our dome should be arriving in the next few days. :)
Wow didn't even think of the market for wedding venues! I can definitely see you growing your channel very fast with your consistency, keep it up
Thanks! Yeah, I’ve been searching for a land suited for wedding venues for a few years. Can be very profitable.
So awesome and remarkable! I don't live in the States, but I do visualize this in my country as well (Chile). Great content!
Glad you enjoyed it!
I never comment on this app.. and I’ve watched thousands of videos.. I just wanted to say.. I appreciate you. This was one of the best videos I’ve seen in a while... it’s the relatability for me, keep going!
Love it!! Would love to see an interview with her
Agreed! Already working on it. :)
Nothing more inspiring than people overcoming adversity and making more money than middle or even many upper class people 🙌🏼
Agreed. What Cas achieved coming from very little is inspiring!
Impressive story! Good video production Kai!
This was so good that I had to watch it 2 more times. Thanks Kai.
Hah that makes so happy to read :)
You are SO INSPIRING! Thank you ever so much for these amazing videos and all the help and encouragement. I really appreciate you. No more excuses here, I have a spare room and a finished basement, that with a couple hundred dollars can be rented out as a start, following that I will build a small Glamp site on my property by the river. Thank you again very much, this was the exactly what I have needed to hear.
Big goals right here Kai. Also props on the Broll
Hey Will! Thanks man. I didn’t film them just did the edit :)
I am closing on 8 alot like this in Northern virginia with a few hundred yards of water access. I have been think about the agrotourism route. This confirms I am on the right track! This is exactly what I have planned.
This gives me hope. I have 8 acres on a massive 17 mile long, 12 mile wide lake. Great views of the sunset over the lake.
Sounds like the PREMIUM place. Sell it to me and I’ll make it happen ;)
Wow you can make some serious money doing that. I want that as my goal too
Loved it... motivating and empowering to get out there and do it!
First vid I’ve watched of yours. Subbed.
Very inspiring! I am just in the process of building a spiral tent platform for a Sibley Pro 500 on 8 acres in West Va (backs to National Forest). Looking for off-grid solutions for power, water, etc. Compost toilet. Water is the biggest issue, especially for showering. In addition to all the fun things to do in the area, I think I will focus on “eco-tourism” as a niche.
Sounds great! That is an amazing piece of land.
Thank you Kai, you're content and info is awesome!!
For sure :)
Thanks for sharing such a great story!
Glad you enjoyed it! It really is an amazing story.
Great information. Thank you very much.
Glad it was helpful!
What kind of zoning for property do u need for something like this? I live in oregon and plan to do something very similar but having a hard time finding info on if rural residential property can do this or if it needs to be some kind of recreational property.
This is perfect. I'm doing this exact plan with my family farm in VT. We started with camp sites including one glamping tent last year. It went very well and our guests loved it. This year we are going to add a sunflower maze and a corn maze. The return on those mazes will blow your mind :)
Congrats! What's did you do for pee and poop?
How much is the roi?
Do people love the experience?
Glad you hit on zoning. I’ll have to look up ag tourism for Colorado. There was a guy near me who built a huge beautiful wedding venue but it wasn’t permitted for that so they’ve only been able to hold 1 wedding (his daughters) going on 3+ years now.
Man oh man, if you only knew half the stories I knew that were like that. People dump hundreds of thousands, sometimes millions, without proper permits or even taking the time to check zoning. In the end their operation gets shut down and they have to sit on an empty investment. Tough pill to swallow.
Great video Kai! Gota me inspired to head down this path :)
Thanks, Fran! It’s definitely a very interesting pathway. :)
I wish there would've been a link to the website of this property or at least the Instagram.
Wow! Must’ve manifested you today! I bought 8 acres to do this outside of Nashville. Hmmmn 👍 💡 💡
Only good fortune for you!
🙌🏾🙌🏾🙌🏾🙌🏾🙌🏾🙌🏾
Abundance to your endeavor
Amazing- congratulations!!! We are doing something similar in the Gatlinburg area! Good luck with everything!
@@buildfixflip To y’all as well!
Thats huge, she has done very well 🙌
Very informative video with a lot of valuable information!
Glad you enjoyed it, Alex!
What a great video. Thank you
Glad you enjoyed it. :)
You're the best YT Channel I've ever came across. I'n going to watch all your videos and take notes.
Bro this is crazy and right in my backyard. I have to get into this game!!
Really? Go checkout her farm! Cas is SUPER cool.
I am!!
You got a sub immediately so much solid info
Awwww. Thanks, Caren :)
Thanks dude. Great stuff.
How cute is this! I love this and very smart use of the land!
I want to do this very badly. More time to devote to family and exploring this beautiful continent. Got my eyes on Bend, the blue ridge area, Acadia , and maybe one day some aframes in Norway!Glacier. Need to save more. Only got $15K saved so it might be awhile
Those are all killer places! You can get started with $15k. Just got to get crafty. Rob over at Robuilt got started with only $10k on his first deal.
@@KaiAndrew thanks! I will have to be crafty yes
I just found this video and it is great thank you so much! It is so much help for my current project in California that is that is very similar
Holy crap, I was literally talking about this last week!!!! Amazing stuff ♥️
Amazing!
Good vide Kai
I watched 1minute of your video and instant subscribe! Anyone who gives me clarity I truly appreciate!
Awesome. Welcome to the party, Kevin. :)
Would be curious to learn how she's getting insurance on this whole operation
Hey there! Just a standard business or venue insurance. No different than a campgroup or RV park situation. Perhaps a couple to several hundred a month.
Or if she has a farm #. She can just insure the farm and go LLC. It'll be lower in taxes and insurance. Agro tourism. Tons of farms are doing it. It's where the big money comes in.
New subscriber, live your channel, very educational and excellent ideas. 🙌
As I recall, a long time ago when I was shopping for a rental property, the realtor said I could buy it with a regular mortgage if it was my primary residence for at least six months. But it couldn't be income property for the first 6 months. So, should people wait 6 months or whatever the time period is, before opening their short-term rental business at a property with a regular homeowner's mortgage?
Hi Nancy! Thanks for sharing and I absolutely agree. By no means are we financial advisor or suggesting that people commit fraud. In most, if not all of our cases, we do use the new purchase as our primary residence. Shoot construction and remodeling alone usually takes 6-24 months depending what we're doing. I've been living at my last "project" site for the past few years. But yes, you're correct, you should not be buying a home with a conventional mortgage with the immediate intent of turning it into a business. Definitely consult with a licensed professional first.
Agricultural property can mutually be a residence and a business property in Florida. Not to be considered advice as my Florida license was converted to Tennessee when I relocated decades ago and I have retired mt Tennessee license.
I'd like to know more about the tiny tents. Where are people going to the restroom and showering? Has she built a communal bathroom? Is there a communal place to cook?
The algorithm gods love you and I have now subscribed.
Welcome my friend 😀
Great setup. Congrats!
It’s not that I disagree with anything you’re saying or suggesting, but I have heard no mention of the soft costs involved in running the business. Feeding the zebra, 10 tents worth of poop removal, Electricity, etc.
It’s those costs they can kill you in the off months When cash flow flips
Tampa and Jacksonville are pretty far from each other. I assume this place must be in the middle of nowhere in northern central Florida. I guess some people would drive several hours to stay there but I can't imagine enough to be constantly full but what do I know. Where is the link for this airbnb? I'd love to see the listings
Great vid!
Thanks man!
How do I sign up for the Glamping course?
Hey there. Go checkout kaiandrew.com and setup a free call with us.
Awesome job with the videos and business success Kai. I'm currently diving head first into building a portfolio like this. Keep it up. P.S. if you ever start looking in the Middle TN area, I'm here to help!
How did you morph into a mortal kombat player at 3:03 lol! Hilarious! And your intro is BEAUTIFUL!
Who is here from robuilt???
We are all from Robuilt ;)
Cool shirt Bro. Love it.
this is incredible you and Rob sure inspired me! even just making 10k or 15k a month sounds great and all but I love the aspect of nature and tiny home and all I want to learn as much as I can to start a business like this in a few years just want to save money this looks like a business I would love to do that's more than just about making money.
We were in the same boat- Rob and Kai inspired us and we moved, and are in the process of building out our glamping/tiny house village and upcoming wedding venue! Good luck to you!
Where do all those campers poop and shower?
And what about electricity or ac ? No AC in floorida?
Planning to get into this business, but I wonder how people manage cleaning on such a remote glamping locations? No one explains this part for some reason 🤷♀️
Pay a local to go do the cleaning.
@@ventureted yeah, sounds easier than it is - that was my initial thought. If the tent is located one hour drive form town, would the cleaning company come that far everyday to clean after each guest? 🤷♀️
YOU NEED TO EXPLAIN HOW SHE GOT THE FINANCING FOR THIS ENTIRE PROJECT
I agree!!
@CSI Banks do not loan money unless you already have it!
I think she saved up a significant portion of cash for the downpayment.
@@rjaquaponics9266 They sure as fuck don't hand out 500k without you owning plenty of assets to take from you if you fall under.
"you might be thinking she was funded by someone or something" "but on the contrary she is a single mom"
Oh so her children gave her the money! Gotcha
Wow.. I would love to rent such properties
Love you excitement! Averaging 90-100% occupancy on tents, especially when you factor in off-season, storm season, weekdays, etc is so impressive! I mean, for that to be the average range, that means that sometimes you have to have higher than 100% occupancy, to counteract the sometimes lower than the average range. Just amazing!
I sense sarcasm...I think I mentioned the seasons. But either way, she’s growing to $100k/month so I’d be excited about it too, bro 😘
@@KaiAndrew yeah, maybe a bit of tongue in cheek, but definitely on board with the idea! Success is not a finite pie, so happy to see her having it too, for sure. Just had a chuckle in my head when you combine "average occupancy", with 100% :). Good video, and I always like learning from what other folks are doing - I'll be subscribing to your channel for more!
Awesome. ;) sometimes I don’t get all the details in there, but I know she’s been completely booked on the property the past few months. Welcome to the channel!
I sincerely doubt the 90-100% occupancy claim. Maybe she gets that on the weekends. No way in hell 10 tents are rented on a Tuesday / Wednesday.
And I thought my extreme real estate investing challenge was next level... then I saw this. Awesome!! I don't think I will ever buy a farm.
What does she do for restrooms for the campsites?
Great question. She has communal restrooms and showers spread throughout the property.
How can I find this listing on Airbnb?
Agricultural permit + AirBnB in Florida (no income tax) 315K to buy.
What about heating/cooling and bathroom for all these rentals?
Great info! I really want to check out Cass's area! could you link her airbb or site/channel? Thanks!
Crazyyy! I want to do that!
I know! Right??!
The question is how did she get the $$$ to purchase the land and to build it out?
Hey Moonie! It was a conventional loan since there was a house on it. I'm assuming she just had to come up with 5-10% down. So about $15-$30k.
Buy it by the quart, sell it by the shot.
You mentioned that it was smart of her to get a commercial loan for this. What's the benefit of commercial loan vs. mortgage? Is there a video that covers this :)?
I've always wanted to do something like this! This gives me hope!
Get it. Get it. ;)
Just found the vid!!!
How do you get around dwelling laws and county permits and all that good stuff. They are blocking me here in New Mexico... please help
Thanks, Matt. Zoning is the 'hand of God' when it comes to this stuff. Look up zoning ordinances and make sure you're good to go first. Or you can schedule time with me and we do a deeper dive into zoning, permits and the business.
Just curious how you maneuver the zoning laws, don’t they require max 1 dwelling / airbnb per lot?
Wow! Super cool thanks for the video :). I'm super excited to get into the glamping game. I'm 19 and just need to get that income to get a loan from the bank. Just passed my real estate broker state test last Friday. Wish me luck 😃
That’s awesome, Michael! Good luck. 👍
That's amazing! Have you started in your glamping journey?
How much space and privacy should each unit have?
Where do the guests use the bathroom? Septic and water cost $ and I saw zero outhouses or shower houses.
She has a few bathrooms sprinkled over her property. 4-5 septic systems onsite.
Awesome
Link Cass - her airbnb, property, social media.
Just pass by this place last month to see what she had done... it’s awesome and around the corner where I live lol (and we are looking for to do something like this down Tampa 😄
Yeah, she's got a cool operation going.
That's epic
Agreed!
SUBSCRIBED
No links to her airbnb? That's kinda douchy...
Building code/ permits must be super relaxed in whatever state that is in
Why when he said "yeah I already know what you're thinking" did I think he was going to say why is that shack by the pond the mosquitos must be nuts... or wheres the bathroom lol
Cool must be fun to buy land anywhere else but Vancouver. Jeez, land here is reserved for millionaires.
Post the link where we can book this. Airbnb preferably.
im really interested in doing this. but it always holds me back when i dont own the land or house fully... because it seems like when mortgage and or taxes... how do you make any money monthly? especially when you dont have 60% or more occupancy
I want to know about bathrooms 🛀 utility
Communal bathrooms and showers throughout the property :)
DOPE
How much did your shipping containers cost?
Do you have a link?
I just have one question. How does the bathroom situation work?
You do not ‘need’ credit, just owner financing will do’
Very true! If you can find a place that's willing to do owner financing that is another route. Just be sure to have a lawyer look over the docs and fully understand the terms of the loan. Typically there terms are in favor of the owner.
What is the name of the zoning ?
Lolol. Why did he have to play it up like she didn’t have any resources only to explain that she went in .5 million.
Did anyone actually follow his math on this?
10 tents @ $100 a night for 90% monthly occupancy is not $25k a month.
Everything said after that completely poisoned the pitch.
Good grief, people. Think critically before you drink the Kool aid.
You didn’t mention underground utilities to the rental units or a bathhouse?? Not sure how she set it up.
She has restrooms around the property with multiple septic systems.
After watching your video... I just put a down payment on 36.4 acres with similar zoning. Owner is gonna carry the rest for 10 years. If she can make $50k from 8.5 acres... I can't wait to see how this works out.
Congrats and welcome to the business! Where is your land, Florida too?
@@TheAdVentureists Thanks. Its in Pahrump, NV
@@DanteFortson Awesome, I've never actually been there but we're not too far away in northern AZ! If you need anything, I'd be happy to try and help.
@@TheAdVentureists I appreciate it. I was actually looking in AZ before I decided on Pahrump
@@DanteFortson What made you settle on NV instead? Just curious!
its funny how you referred students in your pdf "Poor broke college students" lol
Haha well I was poor and broke when I was in college.
@@KaiAndrew 😂😂
Kind of like a mobile home park, repackaged as land hacking
I’ve never seen a mobile home park like this or with a wedding venue 😆