Real estate investor James Graham aka Jim G has been at it for more than three decades now.
He teaches people how to make money on Airbnb without owning property and without any prior experience.
“To build an Airbnb business without buying a home for Airbnb, you can start a couple of simple ways,” he says.
“First is, you can rent or list extra space in your existing home or list extra space in your existing apartment,” he continues.
“Or second, you can lease a home or an apartment from a landlord, which is what we call the Airbnb arbitrage strategy.”
With the latter, obviously, the way you make money is on the difference between what you make hosting on Airbnb and what your rent is. Hence, arbitrage.
With this model, Jim G says he aims for a minimum profit of double what he pays in rent.
“As it relates to the two strategies to get started, I actually do both,” he explains. “I host space in my current rental apartment and I lease space from other landlords.”
“The way I got started a couple of years ago was by mentoring my daughter who had just graduated from college and I tested if it works by taking one of my four-bedroom rental apartments and listing it on Airbnb,” Jim recalls.
“I got a good amount of interest from listing it on Airbnb, and I rented out all the rooms individually in that apartment.”
“And I made about $800 per room, per month.”
“With those results, I quickly realized that it worked.”
“And, unfortunately, all my other traditional rentals were full with my non-Airbnb tenants.”
“So instead of going out and spending tens of thousands of dollars to get another rental, I just went out and leased another three-bedroom home from another landlord and did the same thing.”
“I got even better results so I began leasing more property,” Jim says.
“And I went from zero to 21 listings in just nine months. Today, that portfolio generates Airbnb business income for me between $145,000 to $150,000+ per year.”
“And we keep a little bit more than $100,000 after rents and expenses,” Jim boasts.
“It’s pretty simple. Don’t make it difficult. Just follow my steps.”
“It works for pretty much anyone who has extra space in their home or apartment.”
“Or again, if you don’t have extra space [but you have] the ability to go out and lease a house or an apartment through another landlord, and if you have the ability to follow simple directions, it’ll work for you too,” Jim promises.
“So, I love this Airbnb passive income strategy for starting an Airbnb business.”
“And what’s great is that it’s for all niches, it works for all niches. Airbnb for wholesalers, Airbnb for college students, you can do Airbnb without college, Airbnb for military, Airbnb for millennials, I mean, you get the point.”
For you to have the same Airbnb success, you just need to have:
- The desire to get started with Airbnb.
- The ability to follow Jim’s simple Airbnb strategy.
- The right success mindset.
- A passion to build your own passive Airbnb income.
Is that you? And do you have roughly 20 to 30 minutes a day, to get started with Airbnb this week? Perfect.
Many of Jim’s students started with no money, no properties, no experience, and still launched their first Airbnb property in less than two weeks.
Hmm. Here’s what I think.
I think Jim G repeats himself a lot, oversimplifies the living crap outta this, and talks to us like we’re a buncha goddamn babies.
I need someone who’s gonna give it to me straight, get down to brass tacks, and not waste my time.
I also wonder if Airbnb’s getting saturated now that there’s so many gurus with courses and coaching programs that teach it.
And aren’t entire cities or even just specific neighborhoods starting to ban it?
Haven’t I seen headlines about how it’s becoming harder and harder to do?
Airbnbust or whatever?