Digital Social Hour - The Shocking Airbnb Business Hack You're Missing | Steven Billman DSH #547

Episode Date: July 10, 2024

🚨 The Shocking Airbnb Business Hack You're Missing 🚨 🔔 Tune in now to the latest episode of the Digital Social Hour with Sean Kelly! This one's a game-changer, folks! 🎙️ We dive deep into the world of Airbnb with Steven Billman, a mastermind making 6 figures a month through rental arbitrage! 💰 Forget everything you thought you knew about Airbnb. Steven’s got a shocking hack that's flying under the radar! Do you know how to transform landlords from skeptics to partners? Steven does, and he spills all the insider secrets. 🤯 Discover how to leverage business credit, pitch corporate housing instead of short-term rentals, and avoid common pitfalls that could tank your business. 📈 This episode is packed with valuable insights you can't afford to miss! From navigating business credit cards to scaling your Airbnb empire, Steven’s journey from sleeping in his truck to earning over $3,000 a day is nothing short of inspiring. 🚀 Don’t miss out—watch now and subscribe for more insider secrets. 📺 Hit that subscribe button and stay tuned for more eye-opening stories on the Digital Social Hour with Sean Kelly! 🚀 Join the conversation and let us know your thoughts in the comments below! 💬 #DigitalSocialHour #SeanKelly #Podcast #AirbnbHack #RentalArbitrage #BusinessCredit #CorporateHousing #Entrepreneurship #StevenBillman #RealEstateBusiness #CorporateHousing #AirbnbBusiness #AirbnbTips #LeveragingCredit #RealEstatePodcast #AirbnbArbitrageTips #AirbnbBusiness #BusinessCredit #AirbnbSuccess CHAPTERS: 00:00 - Intro 00:43 - Steven Billman’s Airbnb Business Does 6 Figures A Month 04:35 - How Steven Made $400k His First Year Of Airbnb 06:04 - Steven Lived In His Truck While In The Navy And Started His Business 08:19 - How Daniel made $400k his first year 09:45 - Daniel has receipts to back up his claims 13:14 - Daniel’s Free Live Webinar Model 14:55 - Tony Robbins and Dean Graziosi’s Marketing Model 16:48 - What's the Most Someone Has Made with Your Course 19:25 - Best Cities for Airbnb 21:08 - Airbnb Getting Destroyed 23:50 - Airbnb Arbitrage 24:37 - Furniture Flipping 25:57 - Junk Removal 27:32 - Ethical Coaching 28:28 - Why You Started Coaching  31:05 - Responding to Hate 32:32 - Your Dad’s Dishonorable Discharge 33:38 - Missile Inbound 36:25 - Trump vs Biden on Foreign Policy 37:50 - How to Get Started in Airbnb APPLY TO BE ON THE PODCAST: https://www.digitalsocialhour.com/application BUSINESS INQUIRIES/SPONSORS: [e-mail] GUEST: Steven Billman https://www.instagram.com/stevenbillmas https://www.bnbsyndicate.org/start-1 SPONSORS: Deposyt Payment Processing: https://www.deposyt.com/seankelly LISTEN ON: Apple Podcasts: https://podcasts.apple.com/us/podcast/digital-social-hour/id1676846015 Spotify: https://open.spotify.com/show/5Jn7LXarRlI8Hc0GtTn759 Sean Kelly Instagram: https://www.instagram.com/seanmikekelly/ Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit podcastchoices.com/adchoices

You just find their email, the owner, and pitch them of putting their property on Airbnb, basically? I usually pitch the idea of corporate housing, which is pretty much you pitch it as people that are staying in the property are going to be business professionals. Because if you say short-term rentals, you say Airbnb, they immediately think, okay, it's going to be a bunch of people getting drunk and throwing parties. Yeah, a lot. So you got to go the the route of like going like very professional. Wherever you guys are watching this show, I would truly appreciate it if you follow or subscribe. It helps a lot with the algorithm. It helps us get bigger and better guests and it helps us grow the team.

Truly means a lot. Thank you guys for supporting. And here's the episode. All right, guys, we're going to talk Airbnb today. Got Steven Billman here. Thanks for coming on, man. Yes, sir. Yes, sir. And you're doing six figures a month with us pretty quickly, too. Yeah, pretty quick. We've been in it for a little bit over four years now. I'll arbitrage, though. Don't own any other properties. Impressive. So you didn't have to put up any crazy money or anything? No, all leveraging business credit. Wow. So you did the

0% cards at first? Yeah. Yeah, that's what I did for the podcast. Oh, yeah. Yeah, I mean, it's a no-brainer. Yeah, it's the way to go. You get a year to pay it off, sometimes 18 months. And the business profitable pays off the cards itself. Yeah. And you could get 50K easily.

Yeah, 50K is like on the low end too. Yeah, if your credit's like 780, you could get more, right? Yeah, actually, one of my students last week uh he had a 680 credit score he's only 24 um he got 150k holy crap cards yeah the chase one right that's always 50 there two chase cards yeah chase is the the good one for that and uh boa is decent yeah boa is good uh wells fargo just actually opened up their new business program. Oh, yeah? Yeah, like a couple months ago. Oh, nice. Yeah, Capital One, I got a high limit, but it reports on personal.

So I'm like, bro. I always tell everyone, I had somebody who was like, dude, I just got 50K on Capital One. I was like, don't use that. I know, dude. My score just dropped 80 points. I was like, bro. That's the best thing about business credit

is that it doesn't affect your personal credit. Yeah, no, for real. And you can open up a new LLC every week, right? Just keep getting business credit. Yeah, you could, yeah. I mean, so you could technically get like half a mil a month if you wanted to yeah i mean you can use the same llc and just get like uh you can get a entity in every state wow so you could really credit hack your way to a millionaire yeah well it's like you can credit stack too so people like will have the issue with like okay i only got 12 months what if i don't make it back in 12 months yeah you can apply for more cards and use those cards balance transfer

right yes you really have years if you play right you can either balance transfer or use like a payment processor and like like just liquidate the right liquidate the card yeah i know people that have bought houses liquidating a zero percent card balance transfers kind of like sucks because it's usually like fee over 20 interest or you have like holy like that's transfer sucks damn i didn't know it's that high it might as well just liquidate it then yeah because then it's only three percent payment processing yeah exactly which is like i guess 3k for every hundred which isn't too bad yeah and even if you don't have a payment processor you can do it through like a store like if you paid ten thousand dollars for something and then you paid the taxes with the credit card yeah and then you go and refund tell them just oh yeah

all back credit arbitrage right yeah yeah i know people that racked up millions of points man yeah and then even with the points there's hacks oh yeah you could transfer it to other sites right points is awesome especially for like vacation yeah yeah i i have all the high status at airlines and hotels all from hacking oh yeah like i'm not even like that big of a spender no you don't have to be no you just status match you get one status match no yeah they're really good about it especially with mx yeah and in vegas it's fire because you get one hotel all of them status match yeah especially with the bigger ones yeah and then you could park for free get free meals free golf at the wind what's your favorite hotel here oh depends for what you know um just like the nicest rooms nicest rooms venetian

if you get a suite there you're sad right palms place how's that i'll never stay there uh it's pretty dope we actually like i do all my stuff like through airbnb yeah uh it's usually cheaper that way too oh so you could book a room at the palms with airbnb you can book it like venetian you can like at all the hotels. What? You can book through Airbnb. Oh, it's probably way cheaper too. Last time for our anniversary, we booked like two suites or two penthouses side by side

all through Airbnb. No way. It's like way cheaper. Yeah, that's a good travel hack right there. You saved everyone hundreds of dollars just now. Yeah, like this one, if you look it up at like Palms Place, it's like six or 700 bucks a night.

Then on Airbnb, because it's the guy's condo. He owns in Palm's place. It's like 170 bucks. Holy crap, dude. I'm going to start doing that when I do staycations. Good looks. Um, so first year of Airbnb, was it profitable right away? Uh, so it ended up being profitable.

Yes. But in the first, the first property that I got, um, if anybody like follows me on Instagram, they'll see that I, I preach a lot about like getting a mentor stuff like that you're into in the entrepreneur space and that's like kind of like a given uh but my first my first property that i got i was like i don't need a mentor like straightforward i didn't know anything about loc or business credit either so i used a personal credit card which is like huge no no yeah um but i used my first credit card to furnish that property um did not make profit the first month and i was like okay i'm screwed and your score tanked

yeah not yet uh it was about to because i hadn't reported yet but i was 19 at the time um and i used the credit card to pay for the first month's rent deposit all the furniture and i was like i'm screwed and then i ended up going to a couple mastermind events and using that credit card to pay for mentorship as well um and did over ten thousand dollars the next month and then that's like kind of what like made the light bulb go off allowed me to like scale uh and get more properties nice so i ended up making over four hundred thousand dollars the first year did 405 um with about 40 profit just because like I hadn't, this is my first time like. Yeah. Still really good though. Yeah. Building like a big business. So I hadn't

had like the ins and outs, you know, after like almost a third year that I like started getting like a bookkeeping team and stuff like that. So doing it all myself. No, that's how it all starts, right? They don't teach you that stuff anywhere. you were living out your truck out of the time right yeah so yeah i had just joined the navy um when you join the navy on the ship um they want you to sleep on the ship which is like a bed that's like probably as wide as like a regular computer desk wow uh so like two or three feet wide is it a bunk bed or is it solo it's like three bunk beds holy crap yeah super small you can't like pick your head up in it like you gotta like slide into it my claustrophobia would no yeah it's tiny it smells it's cold you're in a metal box so you have no phone service damn uh so san diego doesn't get

too hard too cold so sleeping in the backseat of my truck was a better option and i could talk to my family watch netflix whatever wow um and this was uh during like the pandemic yeah and uh that was what allowed me to like get into all these things whether it was like day trading crypto ecom like trying everything um and then eventually finding rental arbitrage because uh during that time we only had to work one time a week uh so because normally you'd work like 80 90 hours but we were only coming in once a week so i had all this free time to figure out like what i was going to do because the military was not what i thought it was going to be right and i despised it yeah you joined at the worst time right yeah and i'm out

now but like while i was in i hated it because like i have a problem with like authority um especially when it's coming from people that like haven't really earned respect. They're just like a higher rank because they've been there forever. Yeah. And I didn't realize it so much before the military. But when I got in, I was like, OK, like working for someone is not it. Wow. So that was your first real job, the military?

No. So before that, I had worked at Discount Tire. In high school, I did all kinds of things i did discount tire did landscaping uh built custom fishing rods because i grew up fishing a lot um and when fidget spinners came out i actually made uh quite a bit of money at least for like a freshman yeah a bit of money um i was buying them for like 87 cents a piece and selling them for eight dollars yeah those are good margins sell them to everyone in my high school uh and that's kind of when i got like my first taste of like entrepreneurship yeah those were the days man just like harder you work the

more money you made yeah i loved it i love that wow so 400k first year i mean on your own too no partner or anything yeah just me yeah that impressive, dude. And all rental arbitrage? Yeah, all rental arbitrage. Wow, so you just find their email, the owner, and pitch them of putting their property on Airbnb, basically? Yeah, so normally how it goes, whether you're using Zillow, Hotpads, whatever rental platform you're using, Facebook Marketplace even, you reach out to the landlord.

Usually I don't pitch them the idea of like Airbnb or rental arbitrage or Airbnb arbitrage I usually pitch the idea of like corporate housing which is like pretty much you pitch it is like people that are staying in the property are going to be like business professionals uh traveling nurses or it's families for like insurance claims stuff like that um because if you say like short-term rentals you say Airbnb like they immediately think like okay it because if you say like short-term rentals you say airbnb like they immediately think like okay it's gonna be a bunch of people like getting drunk and throwing parties in my house yeah i feel that like you got to go around like the route of like

going like very professional um and then of course making sure you have like all your llc perfectly set up um having your business website, business email, business phone number, so that when you're reaching out to them, you look professional. And yeah, it definitely helps having a mentor or knowing people that have properties already under their belt so you can leverage their credibility or all that they have under their belt if you don't have any properties. That'll definitely help you a ton. And i saw you go on another show and you pulled out your numbers your revenues how much uh it was a podcast you pulled out your airbnb numbers i don't remember which one it was really no uh i just thought it was cool that you had receipts to back up what you were saying because i don't have i'd have to scroll through my phone right

now yeah no i'm not asking you to show them but i just i would have i would have had them ready yeah i thought that that was cool because a lot of people say these crazy numbers no yeah on my Yeah. No, I'm not asking you to show them, but I just. I would have. I would have had them ready. Yeah. I thought that that was cool because a lot of people say these crazy numbers. No, yeah. On my Instagram, like when people reach out to me, like the biggest thing that they always tell me is always like, dude, I love looking through your Instagram highlights because I post like all my students. Like I'll at my students. So you can literally go like go to my students profile and ask them about me. Wow.

Without me even knowing. That's legit. Yeah. And then I put like all my numbers i'll put it like refreshing and like posting it yeah yeah you can't fake it when you're refreshing some people do the inspect element on their bank accounts remember that can you do it on your bank account yeah if you're on desktop you can inspect element and then change the numbers yeah yeah but if're doing videos, you can't fake that. So yeah, that's legit. And if your students are having success too, that's even more legit.

Oh yeah, they're doing really great. I've been in the space about four, almost four and a half years now. I've been teaching for over two years and I have students doing anywhere from $5,000 a month all the way to $60,000 a month. Wow. It seems like the time isn't too intense.

No, definitely not. As long as you have like your automation setup when it comes to like check-in checkout uh messages um and then just automations for your guests and then more importantly having like vas so you can have like customer support like 25 8 all the time um it makes it really easy for you um and once you have like sops written on like because every property is going to have like their little things that are different yeah switches here stuff like that once you have all that built out like it's pretty easy for you um and if there is issue like they just go to the sop and then like they know how to answer and handle um a really big thing with vas and this is like a really big pro tip, is that Airbnb uses VAs for their whole system. So there's a lot of people that don't work at Airbnb anymore that used to work there.

So you can go on Fiverr or all these sites to find VAs. You can get a VA that used to work at Airbnb, so they kind of already know the ins and outs, what to say, what not to say. Wow, that is a good hack. Who to call, or a lot of them even still like know people that work there yeah and they have connects um i even have one on my team where he can remove uh like bad reviews um if somebody's account like their listing gets canceled i can get it reinstated anything like that nice makes you like danos we're like yeah that's the plug right there Anything bad that happens like to me or my students, they just like reinstate it.

I got someone like that at Facebook. Cause a lot of people's Instagrams get taken down. Yeah. That shit's annoying. It might get taken down and got it back up. And as soon as it went back up. Yeah. You need a guy like that.

Or else you're going to be in line at the support panel for days. Especially if you start like, um, pushing like a lot of videos out and then running ads. Yeah. Oh, then your ads are still running too. No. And they're still charging you and your account's down yeah my my account just got shut down oh yeah they're still doing that because i know years ago they were doing that

no yeah i mean luckily i have my facebook guy so i'll get it i'll get it back it's crazy i lost my bm like years ago and it's still down oh really yeah that was a tough one because all my ad accounts were there. Business manager bands. Yeah, luckily I have a whole media buyer team. So if anything happens, I just run it off there. Yeah.

There, Facebook account. That's fire. Are the ads working well on Facebook for you? Yeah, so we switched from doing VSL and now we're pushing to a free live webinar. So we do it every Sunday at 7 p.m. EST. Nice. Every day? Every Sunday. Oh, every Sunday. Wow, how many people a week are joining? webinar so we do it every sunday at 7 p.m est nice every day every sunday every sunday wow how many people a week are joining um so we plan on getting to about three to six thousand holy crap

not showing up registrants a week because not everybody shows up uh but our first one we did we had a couple hundred registrants um so pretty decent for nice three days no that's solid i know people that if they get a couple hundred people that leads to millions down the road yeah and webinars usually close at like a four percent um and we closed at what 5.8 nice it was higher what was the price point uh we're just dropping like a 1k at the end solid dude yeah if you could do that at scale i mean well the 1k is like just to get people in the door and then we have like our higher ticket programs like for the help on the yeah like the closure that's like where they help on the closure. That's incredible.

Yeah, I love studying the way Tony and Dean do their launches. Yeah, it's crazy. It's nuts. Very intricate. They had a million live on the last year one. Yeah, I saw that. This year, I don't know what they hit, but. I think they just launched it.

Andy Elliott was talking about it. Oh, yeah. They just launched yesterday or something, right? Yeah. They had like, it was over a million like registrants. Oh, my God. It's so crazy because I couldn't even tell you what they're selling. And they just pull it off.

It blows my mind because I see the ad and I'm like, no way anyone clicks on this and buys this. And then they post the numbers and I'm like, who? It blows my mind. Who's clicking on this? But they must do so much mass market research. It would just be like Dean walking on the beach. Yeah. And they'd be like, do you ever think about life life what you should be doing not working for someone yeah i'm like this

sounds like like total bs it's nuts i think yours is so targeted so it makes sense that you're getting hundreds maybe thousands but for their stuff it's like mindset yeah the whole world so yeah it applies to everyone yeah you know it's it's like not just one usually that goes like against of like what you would think of like marketing because typically you want to go like you want to niche down and like go deep before you go wide yeah which i guess they kind of did like they did like their niche things yeah they were like the beginning of like info space it's not yeah tony's probably the og yeah it's been around for what 40 years now yeah he was the one who like started it all. And then what's his name? Myron.

Yeah. Myron Golden. Myron like followed him. Yeah. I've heard crazy stories about him. I've never met him. But I've heard like people will talk. He'll go on after and just kill it.

Oh yeah. Same exact offer. Oh yeah. It's nuts. Yeah. It doesn't even like. I don't know. It blows my mind.

Because like they talk about like how you need to speak and like motivation and stuff like that. Yeah. It has nothing to do with that. It's just. Yeah. It doesn't even like, I don't know, it blows my mind because like they talk about like how you need to speak and like motivation and stuff like that. Yeah. It has nothing to do with that. It's just the brand that they've built.

It's nuts, dude. Like, it's like when people use Grant Cardone for ads, like they just, his face will be on like the hook. Yeah. Like that.

Just for that, they're painful. It has nothing to do with that itself. It's just that Grant Cardone's face was there, so somebody clicked on it. Yeah. Who do you think's running

the best ads right now? I don't know. Probably Dean. Yeah, I get that one daily. I'm trying to think what else I get. I get Cole Gordon every day. I've never seen his ads. What?

Cole Gordon? No. Dude, that's shocking. Yeah, and I've met him personally. I've been to like next to his penthouse. Really? Mine's next to his. That is surprising

and like usually like if like somebody doesn't know how like ads work like typically like wherever you're visiting like it will target

those people in your area but yeah I've never seen it wow I wonder what type of ads you're getting I see Dean's all the time

and then I always get all the Airbnb ones just cause like oh that makes sense I wanna like no way like what everybody else is doing what everybody just like what's working what's the most you've

seen someone make in airbnb um profit or like revenue of revenue i guess well profit's more important but people don't really publicize uh so yeah probably the biggest um humsa is one of the biggest he's not a middleman yeah he's doing over a mill a month uh revenue um but his is like it's still airbnb arbitrage or rental arbitrage but it's like totally different from how i do it because he is like 99 of his is like apartments yeah so he went all apartments and you went single family yeah so his is more like playing kind of like how hotels do it yeah hotels don't make like a ton of roi like on each room but it's like a long game like they make a lot of money over years and years and years the way i do it it's like way higher way higher roi so like someone that's um like wanting to get in real estate and quit their job faster

like the way i do it is more ideal um but if you're trying to build like like a huge business like even like how he does it like i i would never want to do it that way a lot of moving parts and not high profit margin the problem with thin margins too is all it takes is one little update and then it messes everything up right yeah when you're running like slim margins like that like yeah because it has to be like one city could ban airbnb which has happened vegas was weird with it i heard and then your margins are shot it's back now though oh it is yeah you got some stuff out here uh no but um vegas like when they banned it um like all the airbnb hosts like uh like filed like a lawsuit against vegas because like it cost them that much money oh yeah it cost tens of millions probably for like they they like reversed it wow yeah good

to know my friend got worse timing he just bought it and then they banned it like a week later and i haven't hit him up since i should check on him yeah it's it's pretty crazy how they do the bans and stuff because like not yet have i seen any city like enforce it like they'll drop a ban but like cops aren't going to like airbnb to airbnb and like it wouldn't be possible no it was so wouldn't. There's so many. Like I've not yet seen, I mean, I could be wrong, but I've not yet seen not anyone, not even like code enforcement.

No. I have seen Airbnb knock on doors though. Really? Yeah. My friend got knocked on. He said, you got to remove this listing.

That's crazy. Yeah. He said they worked for Airbnb. No way. But I've never seen a cop. I didn't know. There's no way they knock on doors. All of their like whole business is like runs from the Philippines.ines really no put you in touch with them maybe it was some

scammer then maybe it was some guy pretending to be there wanted yeah wanted him to remove it might have been the next door neighbor that'd be smart actually that'd be super smart it's where like an airbnb badge yeah that could have definitely happened wow i don't know but vegas is back i guess what other cities are hot for you uh vegas just because it they unmanned it's really good um and then me personally i love phoenix um not even like as a city so much um like it's cool but like they always have something going around like events yeah it's like are you interested in coming on the digital social hour podcast as a guest we'll click the application link below in the description of this video we are

always looking for cool stories cool entrepreneurs to talk to you about business and life click the application link below and here's the episode guys the spring training all that is there like for all the teams baseball and football like they train in phoenix and then the pga tour is always there um so there's always something going on there which is crazy because every time i tell for all the teams, baseball and football. They train in Phoenix, and then the PGA Tour is always there. So there's always something going on there, which is crazy because every time I tell someone, what do you think is awesome? Arizona, Florida.

Florida is kind of obvious. Yeah. Coastal State. But Arizona's always got something going on, whether it's events or it's people traveling for business and stuff like stuff like that yeah what about cali uh cali is really good um if you can get in a place that allows it uh like san diego does allow it but it's a thousand dollar permit like per property and you just to get approved yeah and you can only get one permit per person so a lot you have to like you get one your wife get one your cousin so they're printing oh yeah you

can do it that way they had it before they did it that way because they had it to where like you couldn't get one without um like you had to apply through their system and it was like a lottery system so like there was only like a chance that you got one yeah so it was like impossible to do arbitrage because you'd have to have the property and then apply with that property address so like you're just waiting until you get one. That makes sense. You ever see those viral videos of the Airbnb owner pulling up and it's a huge party at their house?

Yeah. Yeah, I started posting those on Instagram, like of like someone's Airbnb getting flooded, getting destroyed. I don't know what it is, but people like, like it would be like my normal post is like pretty decent. And then I'll post one of those and it just blows up. People love those. I'm like, why do you like people's house?

Like people love watching people's houses get destroyed. Yeah. I actually, I don't use Airbnb as much because I feel like some owners use hidden cameras. Oh yeah. And I felt like I was being watched this one time, dude. It was weird. So. Yeah.

I see that all the time on social media, but I mean mean i don't think i have ever happened to me but usually i stay in like i got every time i see it on social media it's always like really cheap like airbnbs that are like connected to another house or it's like an extra bedroom i don't stay in any of those yeah i was broke when i yeah that makes sense i was a broke college student when i use it yeah i think those are weird like i'm surprised airbnb even allows that. Yeah, it's sketchy, right? Like extra room? Yeah.

Like you don't even know the person? And it has no reviews and you're like, okay. Yeah. Like my dad used to be a host and he actually got robbed. He would rent out the guest room and the guy stole a bunch of jewelry. That's crazy. Yeah. So you got to be careful on there too, but there's probably nothing valuable in your spots.

Just furniture. Yeah. Yeah. But they're not stealing a on there too, but there's probably nothing valuable in your spots. Just furniture. Yeah. Yeah. But they're not stealing a couch. I mean, that'd be a lot of work. Well,

and we have like doorbell camera and we have cameras on the front of the house. Yeah. Has anyone thrown a rager party? No, but we had this one time these, we had like, you know, those pool chairs,

the one that's like, like the lounger. Yeah. Yeah. Yeah. So we had like five or six of those, like on the edge of the pool. And they like, it looked like they just ran through each chair and like stuck their foot through each chair and destroyed each chair.

Holy crap. And then like my cleaners told me about it. And then like, he was like, yeah, they were like sun damaged or whatever. I was like, this is a new Airbnb. The chairs are like a week old. Yeah. Like that's impossible. Wow.

And then the same people, the house, depending on what room you're in, like had 10 to 15 foot ceilings higher than you could reach. One of the ceiling fans, like two of the blades were like snapped in half. Jeez. Yeah. How's that possible? I don't know.'s impressive man i heard philly had to ban air bb because people the houses right i don't know i didn't i didn't see that one i heard that like a year ago or some either messing up the houses or robbing them something crazy i don't think so because i know people still have airbnbs in philly really oh maybe it's temporary then i heard there was a

group of guys just robbing Airbnbs. Well, it might be zoned too. Like they have something like places that they do or don't allow it. So it might be that. Damn. You do it just in the US or you do an international? So I just do in the US, but I have students that are international. I have students in like Sweden, Australia.

So it can be done everywhere. Yeah. And you get to write off a lot too, right? All the furniture. Yeah, everything. And if you're like buying the property and then like using it as Airbnb, obviously more write-offs

because you have like the, you own the property itself. Yeah. So that's like the best way to go as far as like write-offs and stuff. But not the best way to go if you're trying to like get the best ROI without having like a lot of risk.

Like when it's a rental arbitrage or Airbnb arbitrage, like you can back out of it. Yeah. Like when it's a rental arbitrage or Airbnb arbitrage, like you can back out of it. Yeah. If worse comes to worse, like you just break the lease. Absolutely. Buying a house,

the ROI on that's just terrible. No. Yeah. With Airbnb, it's pretty good. But at the same time, you still have to deal with like property taxes. Now,

any damages that do happen, like you're the landlord now, so you got to fix this. And that's probably common, right? Not, I guess like when they break stuff, it's usually furniture and stuff. But if there's any issues

like dealing with the landlord, it will be like old plumbing. The HVAC will go out, not from any guests, but just because it's a house. Yeah. And then they'll have to pay for that kind of stuff.

But it's nice like having rental arbitrage and like literally all you worry about is like the furniture and stuff like that. And if you're running like through Airbnb, you get $4 million of insurance. Wow. That's a lot. Yeah. I believe it's $1 million in liability, $3 million in damage.

Holy crap. That's impressive. Do you rent your furniture or do you buy it? I buy it. Okay. Yeah. Just long term. When I first started, I used Facebook Marketplace a lot.

Just because you could get like $3,000 three or four thousand dollar like sectionals for like less than a thousand bucks damn so it's because you have those have you seen like when ryan pineto talks about like the couch flipping yeah yeah so there's a lot of people that do that especially in vegas and like phoenix like there's a lot of people i could see that because i got bulk cleaners coming tomorrow and i'm throwing out a three thousand dollar couch and like two bean bags are like 400 each. Yeah, they'll literally like even some of them reupholster stuff. Like they'll clean it, like you clean it and reupholster it and like it's literally a brand new couch now.

Wow. I wouldn't be surprised. Yeah, it's only a two-year-old couch. So they're probably going to flip that. That's a good business being junk removal. Oh, yeah, definitely. I know a lot of people that are like super young, like 18, 19 years old that run like junk removal. Yeah, I had one on the pod.

It's easy to get started. Dude, he was making a hundred K a month. Yeah. Picking shit up from people's houses. I'm like, damn. Box trucks are super cheap. Yeah. You can get an old beat up box truck for like a couple thousand bucks.

Yeah. And U-Hauls, if you want to even rent or like 20 a day. Yeah. It's nuts. Yeah. Super cheap. It's a good business to get into for sure. A lot of labor, a lot of work.

Yeah. That's the part I don't like. It's one of those businesses it's kind of hard to have like um like time freedom yeah travel anywhere and make a lot of money i wouldn't want to be hands-on with it no i'd want to outsource everything yeah the only thing like with those kind of businesses it's hard to like trust like if you hired like a ceo or like a manager or whatever yeah like hard to super hard trust someone with like your baby yeah that's just any business general i feel like yeah you know that's always been my issue i like scaling because i just trust issues i don't know that's most people's because you see like all the horror stories of like yeah like who

is it uh was alex ramosi with scaling yeah like his he had a partner and they shared a bank account took all his money oh yeah yeah and that's common. Yeah, I know. I hear that all the time. Yeah, all the time. Yeah, it happened to so many of my mentors too. People get greedy. Yep, whenever there's money coming in at a fast pace, there's multiple people involved. Human greed, you know?

Yeah, I mean, I've had it happen to me like from mentorships and stuff like that. Same. Best friend in college, man. You'll pay for like a one-on-one mentorship and it's just like not they don't even answer you yeah it's yeah there's a lot of coaching like that yeah it's sad that it's like that um like i started coaching more of like a lot of people start coaching um most of them aren't doing like a

real estate coaching or something like that there there's a lot of like motivational coaches and stuff like that like literally like their whole reason for coaching is to like make money yeah like if I like my coaching business fell on its face

like I'd still be fine yeah I don't agree with that when your primary source is the coaching and you got no other business like like Dean yeah

well Tony I don't know his revenue breakdown they do a lot of real estate and stuff but they don't teach real estate anymore yeah true Dean used to a lot he used to do real estate yeah I don't even know revenue breakdown. They do a lot of real estate and stuff, but they don't teach real estate anymore. Yeah, true.

Dean used to a lot. He used to do real estate. Yeah, I don't even know what Dean does these days. Yeah. Yeah, that's a good point. But I know Tony has like wellness centers and really good books and stuff. He's got a lot of streams. Yeah, for sure.

But I think that's like a pretty big issue in the space. Yeah, just ethically. Because if money is the main source and it's from coaching, it's just the incentives aren't aligned. But if you're doing it more to help and passion. Yeah, I started because while I was in the military, a lot of people were like, what are you doing? Because at the age and the rank that I was at, I shouldn't have had the money that I had.

Or doing the things that I was doing. So people were asking what I was doing and stuff like that. So I started teaching people 100% for free. And then I was like, holy shit, I'm pretty good at this. People are making a lot of money and I'm not charging anything and it's taking all my time. That must have been a weird dynamic because you're making more than your instructors.

They're probably taking it out on you. You know what I mean? Like this kid's making 40K a month or whatever. Yeah, it was weird because especially I just got out like a month ago. Oh, you just got out? Yeah, like a month ago. But you were making a million a year.

Yeah. Holy crap. Yeah. That's crazy. It was crazy because we, like right before I got out, I had bought a G-Wagon, like a Brabus. Yeah. A Brabus G-Wagon.

And I pulled up to work. Those are like half a mil, right? They've gone down now. Oh, okay. When you, like if you're buying like the crazy ones and yeah. But yeah, I pulled up to work and then everybody was like, that whose rental is that yeah that's crazy like i'd pull up like before that i had the porsche or i'd pull up in like her porsche yeah um no one in the military is pulling up in a porsche or g wagon yeah or g wagon unless you're like super high up yeah there

was actually one guy that i met um that he did what did he do he did some kind of e-com thing i think he was doing like amazon fba yeah and he was he worked on the same like military base i did he was driving around uterus wow yeah but that's super rare that's like one in a thousand probably you know yeah yeah it was pretty crazy like dynamic talking to people because like you see somebody like a high rank talk to someone that's like my rank yeah but they wouldn't talk to me like the same because they knew like like we were like totally different yeah whether it was like rank money changes the way people treat you though for real as sad as it sounds yeah especially when you're like my age like

people always think i'm younger than i am yeah i'm only 23 but wow um and i just now like started growing out the beard so before that i was just got a baby face yeah everything's i'm like 20 21 yeah and then like when i tell them that they think i'm like my parents money i get that's his parents comment yeah uh or i'm a scammer damn so like yeah that was really big that's annoying but you got all the evidence to show that it's legit so it's kind of cool though because it's like when you see it's like when you see those guys there in the gym they're like natural like actually natural yeah they are and somebody's like they're on gear like they're on steroids it's like a compliment right yeah it's like compliment facts

you're like you're so good yeah you can interpret it comprehend that they have to cope right like so like i started just responding to comments, which is like, keep coping. Yeah. Keep coping. Oh, you respond to hate? Yeah. I don't respond. I ignore them.

I think it's funny. Yeah. I just feel like there's nothing you could say that will change their mind. Yeah. I got like a death threat today. You did? Yeah. Jesus.

He's like, when the revolution starts, you, people like you are going to fall off the earth. I was like, I just did five years in the military. I, you wouldn't,

I was like, you wouldn't beat me in a, like in that case damn that's nuts were you super high up when you quit ranking uh no as a e5 oh so it takes a lot of time to climb uh yeah yeah i would say so unless you're like an officer officers like you can pick up pretty no bro you were there five years so yeah so five years for me i'd want to be like fucking c-suite you know in a business setting at least yeah uh my last year i was actually like i was supposed to get out at four years but i had broken my ankle like overseas um in the middle east and so that that's what like kept me in which is cool though because like i hated the military and like i wanted to get out

as soon as possible but it's kind of like a blessing because i ended up getting like disability oh okay now i'll get paid nice for the rest of my life oh that's dope got that is it a fat bag that's like 4k a month it's not bad i'll cover rent and stuff to breathe yeah cover your food expense for the month yeah it's not bad at all yeah it's definitely were you locked in is that why you couldn't quit like locked in for a certain amount of time oh yeah so you signed a contract for four years um but because like i could have gotten out but it's like get out get paid no money or like stick it out for like the extra year once my medical stuff clears up and get paid like four thousand a month till I die like that makes sense yeah my dad quit early dishonorable

discharge they call it right did you smoke uh he just left he just straight up left uh navy like he didn't tell anyone he's nope Left. He didn't get in trouble? No one caught him? They probably caught him, but what can they do, right? I don't know. They usually send you to the brig. Oh, what's that? Like Navy jail or military jail. Oh, really?

Worse than actual jail. Oh, ****. No, I remember he did say his workplace knew about it or something. I guess it stays on your record. A dishonorable discharge? Yeah, that's bad. Especially if you're like applying for a job. Yeah.

I see that. Damn. Yeah, he just got up and dipped man that's crazy he always said if I had to join one though be the Navy because isn't that

the safest one Air Force Air Force or Navy right Air Force definitely the safest really well Navy you deploy on ships

and stuff so you could get sunk like in like my job was to like do coding and like missile defense oh so like not. So you had to defend from missiles?

Yeah. So actually one time, like coming back to San Diego, we were leaving Hawaii and they called missile inbound. And I was like, no, I was like, I was like, I didn't think I'd ever have to do this. I didn't think I'd ever actually have to do my job. So we're like loading rounds to like, to shoot the missile down. And I'm like, okay, cool. We got them all loaded.

So there's like somebody sending down like on the console, which is like the computer that controls all the stuff that gets launched. And I was like, cool. Like we're good, we should be good. And then my chief was the one in charge of me. He was like, yeah, Billman, you need to go down there. I'm like, you want me to like keep like a thousand people alive holy yeah you're our best person i was like

i don't know about that damn so there was a missile coming though yeah it ended up being like uh a space shuttle that china had launched had like the right azimuth to be able to hit us wow so it was not a it was not a missile but like everyone thought it was there's people curling up in balls and crying and stuff that's traumatic man yeah if it was a missile how many minutes you have to prepare for that uh depends if it's like uh like a high-speed missile supersonic subsonic oh so yeah because there's some that are underwater too right and then there's some yeah you have one there's ones that like see skim so like skim the top of the water so like holy shit so those are fast uh yeah you have like yeah there's like subsonic timelines and supersonic timeline like the time that you have to respond jesus yeah and if it hits you're fucked right

oh yeah damn that is scary yeah i would have been shitting myself yeah holy crap did you know how to launch them too to attack oh yeah yeah i knew like to do it. I just didn't ever want to. Wow. Have to do it. Yeah, that's insane. Has there been battles on sea recently? I don't hear about those. Not recently, but it's happened before, like missiles hitting ships.

Really? It's definitely happened before. Yeah, I feel like it's not as common as it was in the past. No, because I mean, especially if you're launching a ballistic missile that has a warhead in it, that's nuclear war. That's a war crime, right? Yeah. Yeah.

That makes sense. If I were anybody, I wouldn't do it to America. We have the best Navy, right? Yeah. We only had stuff start happening when Biden became president. Yeah. Because he doesn't want... So we could only defend ourselves if we had been shot at first.

When Trump was president, we could... You could fire first. Yeah. If someone was coming at us like we could stop them from coming out oh wow like we we didn't have to wait for them to like kill some more people yeah yeah i don't agree with the biden strategy no definitely not it's scary too because it's like on deployment we had a like pirates take over a cargo ship and we couldn't stop them wow they took over one of your ships yeah no like a cargo ship oh cargo ship cargo ship from. Wow. They took over one of your ships? No, like a cargo ship. Oh, a cargo ship. Like a cargo ship from the U.S. bringing over to, I think we were in, we were in like the Strait of Hormuz.

Holy crap. Yeah. Pirates started like guiding it and we couldn't do anything to stop them. Because they didn't fire? Yeah. We couldn't like defend ourselves. Dude, that is terrible. Before that, like we could have like sent people on boats and like stopped it.

Yeah. It's nuts, dude. I just saw like a crazy fact. Trump was the first president in 40 years on boats and stopped it. Yeah, it's nuts, dude. I just saw a crazy fact. Trump was the first president in 40 years to not start a war. Yeah. Which is crazy because everyone fearmongers that he was going to start World War III. Oh, yeah. He's the only president that went to visit all the rival countries.

Yeah, he visited North Korea, right? Yeah. That was crazy. And Russia. And Russia, yeah. Poon actually respected him. Yeah, he liked him. Poon does not respect Biden.

No. I saw his interview with Tucker. No one does. I mean, man can't talk, can't ride talk can't ride a bike yeah we'll see if he can win this election dude i mean it kind of sucks like having someone like that as president because i hate when people say they're like don't make fun of him he's just old like he can't talk and i'm like then he shouldn't be running like the world biggest superpower like he should be in charge of like that if he's not like mentally like comparable 100 or at least representing because the president's really just a puppet but still like it's got to be a good spokesperson at least yeah that's like the good thing about trump like

people don't like him because he's like a dickhead and he doesn't like filter himself yeah um but like he's a businessman not like a politician yeah he doesn't make any money from being a politician he donates his whole he loses money yeah and biden like i mean he's a multi-millionaire from being a politician like he's not a businessman salary. He loses money. Yeah, and Biden, I mean, he's a multimillionaire from being a politician. He's not a businessman or anything. How did he make all that money? For real. He makes money by being a politician.

Trump makes money by running businesses. He's literally giving up his money. He doesn't care about who he pleases to, because the more people you please, the more money you make as a politician. He doesn't care about that. He just wants to do what's going to be right yeah 100 we'll see what happens this november man

i know your state's not voting for uh trump uh anything you want to promote you got a course or anything uh yeah so this sunday uh i'll be doing like i said live webinar 7 p.m esd. You can go to bnbsyndicate.org forward slash start or you can text start to 619-639-9790 and get you set up and send you the link. Perfect. 100% free explaining how I went from sleeping in the backseat of my truck to generating over $3,000 a day without any cash like out of my pocket. Amazing. We'll link below. We'll link your IG also. Thanks for coming on, man. Yeah, 100%. Thanks for watching, guys.

If you're interested in Airbnb, check out the links below. See you guys tomorrow.