Making Money with AirBnB and Tax Deeds: Featuring Marco Jacober
M: Most people think AirBnB is buying your own place, or renting it. The idea is for us to get outside the box, not stay inside it.
R: I am aware that you went to Harv Eker’s courses. I always tell my tribe to get out and go to events, that’s where the magic happens. Accountability is key.
M: The small decisions impact our lives tremendously over time.
R: Our “why” is what moves us forward.
M: When I first started I thought raising capital was going to be the hardest thing. But, I realized after I started making a strategy, people starting calling ME with money to invest. You don’t need a lot
of money to get started on a cash-flow cow. People think they need to own a house to get started in AirBnB, but that isn’t true. You can rent places, and then AirBnB them. I rented a home with no
furniture in it, signed a lease, and I made it happen. Get someone else’s asset, utilize it, and make money for yourself.
R: So what you’re saying is I don’t need a home or capital to get started?
M: Yes.
R: What’s a rough idea of a return if someone invests with you?
M: Per unit, you can get $15,000 - $25,000 per year net. A one bedroom goes for approximately $100 per night. At that rent, you’re getting about $3000 a month for a property you don’t own. It might
take $1500 to get started, but you’ll make that back by the end of the month. Once you get started and get through the first month it’s gravy.
R: What are some pitfalls?
M: The landlord has to be onboard, so there’s no legal issues. It’s better for the landlord to have you anyways. There’s less wear-and-tear on the property from AirBnB then a regular renter. That’s how
it usually is. There’s a short-term renters insurance that you set up to make sure everything is covered. This stuff is minute but you don’t have to worry about it till you get involved.
The cliche about real estate, “location”, it’s true for AirBnB as well. We use a “Burger King Effect” to chose locations (More on that next time). Generally, if there’s a spot with a lot of hotels, that’s a
good spot for AirBnbs. This isn’t conventional thinking, but you want to be close to the hotels as possible. They have done studies.
I’m passionate about real estate, AirBnB is just another tool under the real estate belt. I don’t consider Tax Liens and Deeds a niche in itself. I will speak on that Monday.
I’ve acquired properties for as low as $50, and sold them for a couple thousand. Anything is possible with these strategies.
R: Howe’s the regulations in certain cities?
M: So Uber fought some battles in some cities, it’s going to take time for people to adjust to this new market. Counties are losing money with AirBnB, but as long as they take a cut they will let it
happen. It’s different everywhere. There’s occupancy taxes and stuff like that. I’m excited about the future because AirBnB is growing and it’s available worldwide.
R: Like Rockefeller said, control everything and own nothing. You were an ex-truck driver, so it’s amazing what you’re doing. It’s possible for anyone.
On Monday we will talk about making it a reality for people. When people see success stories, they get the confidence they can do it themselves.
M: People will get the steps from me, and I will break it down nice and easy. Everyone can be in the AirBnB business the next day.
R: Yeah my mom started AirBnBing a room in her house, she makes like $62 a day, and she just bought a Honda Civic and she’s stoked. With creativity you can create anything!
Let’s make some millionaires here!
How much money does AirBnB take as a cut?
M: 3%. Thank you for having me. I will see you Monday to talk to your M1 Tribe. When I walk outside now Rock, I see things people don’t see. I’m excited to share that with your people. I did this
because I wanted to be free, there’s no boss in this game. You don’t need a million dollar income to be free. If you can create a passive income stream that brings you enough money, you’re good to go!
R: This is going to pour gasoline on people’s fires. I see people are fired up. Thanks for your time Marco.
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