Buying 100 ACRES and building tiny homes!

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What's up guys, it's James here and in today's video, I'm going to talk to you about a really, really exciting new project that I've been undertaking behind the scenes for the last couple months now, now, we recently are just about to close on a property that we just acquired, that's on 100 acres of land. On that acreage, we're going to be doing a lot of cool stuff, including building some tiny homes to use as Airbnb and some unique different types of properties. So I'm going to talk to you all about that.

In this video, I'm going to talk to you about how we're going to be able to get a 110% cash on cash return on some of these auxilary dwelling units. That's absolutely unheard of completely unfathomable. So I'm going to break that down to you and share with you how you can do the same on your investment properties with short term rentals.

So stick around for this video, if that's what you want to learn more about. And in the meantime, before we get started, I just want to remind you that for a very, very limited time, we do have registrations open for people to work with us with myself and my business partner Riley, and have us guide you through how to invest in short term rental properties and grow your portfolio of short term rental properties. And we can help you to do this, whether you're just getting started or whether you're an experienced real estate investor and looking to scale, but we're only working with a small small group of 10 people.

So you'll want to go ahead and click the link down below to schedule a quick 15 minute chat with me. So I can talk to you more figure out if it would be a good fit for us to work together. And if I can help you, then just go ahead and click the link down below schedule that chat and we can talk more and see if it will be fit. Again, this isn't open to everyone. very exclusive. We're only working with a really small group of people. So if you think that's a good fit for you, if it's something you're interested in learning more about, then just go ahead and click the link down below schedule a call with me, I'd love to connect with you and learn more and see if we can help.

Now on to the meat of the video, let's talk about these tiny homes. Let's talk about this 100 acre property how this can vote. One of the cool things about this property is that I was able to buy this property Riley and I with none of our own money. So we actually worked with a joint venture investing partner who put up all of the money and he supported the mortgage. So we don't need financing on the property. The investor covers that. And we don't need the money for the property. And the investor covers that.

Now if you're interested in scaling your portfolio, that is a great way to do it. And Riley and I talked to talk about more of how all that works and how you can do the same and leverage that strategy when we work with you in our private mentorship program. So again, if that's something you're interested in, then click the link down below and schedule a chat. And we can talk more about it. But that's what we did, we bought this with a venture a joint venture partner, and then we now have a property and it's actually a three bedroom property sitting on 100 acres of land, we're going to be turning that property into a four or five bedroom property.

And now we're going to be able to have that main property producing a really great ROI or ROI projections for that, or that we're going to be able to cash flow about 40 to $50,000 per year on that one main property. The other really cool piece is that we now have another 100 acres of land to develop and we're planning on putting some Tiny Homes on it. Specifically, we're going to focus initially on geo destek domes. Now if you're unfamiliar with what a geodesic dome is, it's basically a property that are a structure I should say, it is sort of a dome shaped structure, usually made out of a canopy or canvas type of material. And then certain of the certain pieces of it are trench transparent.

So they're really cool, unique space, you can actually cut them out so that inside they're fully furnished and have all the creature comforts that you expect inside of a tiny home. And the cool thing is that now because some of those pieces are transparent, you can stargaze you can have these really beautiful views. It's a very unique space to stay in, and it can have all the creature comforts. And it can actually even be four seasons, which is what we're going to be doing with our property because it's located up in Canada. So really, really cool.

Now the coolest part about this from an investing standpoint, is it to fully set up one of these geodesic domes furnish it absolutely everything the whole nine is going to cost about $30,000. Now looking at the data looking at the numbers for some of these properties, we expected this one listing this geodesic dome that cost $30,000 to buy and set up and get it all said and done is going to be bringing in about 30 to $40,000 per year in bookings. Now just think about that. Imagine being able to buy a property for $30,000 and have it bring in 30 to $40,000 a year in rental income.

That's absolutely unheard of completely insane means you're getting over a 100% return on investment in year one. Now you're suddenly cash flowing 30 to $40,000 per year after year one is just straight profit going into your bottom line. So that's really incredible. That's going to basically mean that you know on this property overall we should be able to profit about 70 $80,000 per year. Pretty incredible right now. This property was purchased for $755,000. So the return on investment is absolutely phenomenal when you look at those numbers to be able to buy a property and then get 10% of the purchase price in cash flow every single year.

Now, obviously, we're not buying the property outright in cash, we're buying it with a down payment, putting a little bit of money into renovation furniture, there's actually a very minimal amount of furniture that's needed because we did buy the property fully furnished. So all in we're looking at putting in about with our investor, their investor is going to put in about $210,000 into this property, and then that property is going to cash flow about $70,000 per year.

Now, again, that's pretty incredible when you think about the fact that that investor is going to get their money back very quickly. And now we're going to own an asset that's cash flowing, you know, an average person salary, a nice upper middle class salary every single year. Pretty crazy, pretty insane, it's pretty quick to see how you could replace your income rather quickly. By investing in properties like this. That's the real beauty of Airbnb properties is that you can cashflow such insane amounts, it's very, very easy, and probably the number one strategy for replacing your income.

Now, specifically, when it's combined with ad use auxilary dwelling units and in these tiny home structures, it can really work wonders for your cash flow. Now, the thing to remember is that these properties, these little tiny homes, they're not necessarily going to build equity in the land and the property. So that means that when you go to sell it, you're not going to be able to suddenly sell it for 30,000 or $50,000. More, just because you've got this geodesic dome on the property, you might be able to get a little bit more depending on what the buyer is interested in.

But you can't really count on that the same way that you can count on building equity in the property through strategic renovation of the bathroom, the kitchen, things like that. So there are pros and cons to any strategy with real estate. But for cash flow, you really can't beat this strategy. So I'm going to be talking about this more in upcoming videos, I just wanted to share with you guys one of the really cool projects that I'm up to. And obviously the numbers in this video were very, very rough if you want a full detailed breakdown of the numbers.

If you want me to walk through absolutely everything in detail and get right down to the nitty gritty of it, then just let me know, let me know in the comment section down below, I'd be happy to put a video together like that as well in the future. And I can even give updates once the property is performing to give you updates on the real numbers, not projections, we can talk actual real numbers. So just let me know in the comments below if that's something you're interested in.

And like I mentioned before, just go ahead and click the link down below if you are interested in scheduling a call and seeing how you can work with Riley and I are in a private mentorship program to teach you how to invest in short term rental properties. And last but not least, give this video like give it a thumbs up let me know if you liked the video if you got value from by hitting that like button, give me a thumbs up it really does help me out a lot with YouTube's algorithm so greatly appreciate if you take the time to do that.

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