• Uncategorized

    How to Increase Listing Views on Airbnb

    The two keys to increasing your listing views on Airbnb are performing better in search, and improving your click through rate. Performing better in search is a somewhat complicated thing, but I have gone in depth about it in the past. Search results take many factors into account, including reviews, response rates, cancellations, engagement and filters. Improving your click through rate is all about how your listing looks when it appears in a search result. That means your title, reviews, rating, price and Superhost status. It’s not always easy to see exactly how to increase your views, so today we’ll look at the most important items to critique. What is a View? Just so we’re on the same page, let me define a view. A view is when someone views your listing page. This can happen either when someone clicks…

  • Planning

    How To Do Airbnb Market Research For Free

    Today I want to walk through the process that Kate and I have been using to do Airbnb market research using only the internet and the Airbnb website. We've been looking to buy another short term rental investment property outside of our home town, and we have a few cities that we're looking at. This is the process I've been using to determine how many people are using Airbnb in each city, what the level of competition is, and how much I think we could make.

  • Borrowing,  Planning

    How To Use Leverage To Build Wealth

    I majored in physics in college. When I think of leverage in the context of the physical world, I think of turning a small force into a bigger force, typically using a “lever”. With the right lever, you can lift something 10 times your own weight, like this: In the world of money, we also have access to a lever. This lever allows us to buy an asset worth 10 times more than the amount of money we have to invest. This lever is called a loan. The Basic Idea Of Money Leverage Many non-investors around the world leverage their money to buy a home. You can buy a $200,000 home for $20,000 (or less). That’s leverage with money: using a small amount of your own money to purchase something much more expensive. In this scenario, the cost of getting…

  • Uncategorized

    Book Review: Buy Then Build

    Buy Then Build is a great resource for investors looking to buy a business. The author, Walker Deibel, is a self proclaimed “acquisition entrepreneur,” which is what he calls the intersection of entrepreneurship and investing. Overall, I strongly recommend the book for anyone interested in buying a business for the first time. Real Estate Was Too Slow I became interested in buying a business after setting some pretty over the top financial goals. Kate and I were making $70,000 a year from our Airbnb investments, allowing Kate to quit her job. But we wanted to create $350,000 of yearly income over the next two years, and real estate investing wasn’t going to get us there. As I continued researching the most lucrative investments, the one that clearly seemed to be the best for both short and long term was business…

  • Uncategorized

    Taking a $40,000 Salary To Extreme Wealth

    It’s Christmas time 2020 while I’m writing this, and to treat myself I decided to write an abbreviated version of a fun idea I had when I first started this blog. There are millions of humans in our world that make a yearly salary of approximately $40,000 USD. Some of them will go on to become extremely wealthy, while others will eventually declare bankruptcy. I thought it would be interesting to explore what takes a person making $40,000 per year into extreme debt, no wealth, some wealth, or extreme wealth. How much can our actions, our personal finance knowledge/execution and our investing knowledge/execution really affect our eventual net worth? Let’s find out. How To Turn $40,000 Per Year Into Extreme Debt First, it’s important to understand how a person ends up in crippling debt. Financially speaking, being in a spot…