Transcription
We're live in Best Chicago Wholesale Deals Facebook group. I think we're live. Yeah. Hope you guys all are well. We're going to be going over today a rent-to-own deal we just closed and turned it into like Airbnb. So, we're going to go over, uh, how we did it and, um, all the steps in place and how to, you know, analyze it, how to talk to the sellers, how to kind of break it. It's similar to like subject to owner financing. It's like the similar numbers.
Um, I would say like if there's no equity, there's no cash flow, there's no reason to like do a rent-to-own and stay in the middle of it. You should just maybe do like an assignment of rent-to-own. Um, subject to owner financing is the same thing. If there's no equity and cash flow, I wouldn't, there's there should be no reason for you to stay in the middle of a deal. So, we're going to talk about that. And, uh, my goal is to help you close. Hopefully, uh, use these trainings to help you close deals, find, find good deals, and, uh, close them and hopefully one day we can partner on a deal in the future.
If you need someone to partner with, uh, we do these free live trainings every Monday at 12 p.m. Central Time. Uh, it's in our Facebook group called Best Chicago Wholesale Deals Live. Um, Facebook started taking down the, every 30 days they take down videos that are 30 days or older. So, I put all the videos on my YouTube, youtube.com at, uh, my name Russell J. Walker. If you want to get our, uh, updated free real estate wholesaling course, it's about like a 8-week course for absolutely free, just, uh, shoot me a, uh, DM. I'll send you the link to that. Uh, just shoot me an email or a Facebook message and then we'll send you the link to get the course for absolutely free, right?
If you're looking for deals, um, then you can join our buyers list here in Chicago market. If you're in other markets, let us know. If you have a deal, need a buyer, you can email us all the details of the property here to my email russell@chicagowholesaledeal.com and we can take a look at it and see what we can do, right?
And, uh, so today we're talking about rent to own. So, what is a rent to own? Um, rent with option to buy is basically if you've ever rented something before, uh, you also have an option to purchase it. So, if you're renting a house for $2,000 a month for a 2-year lease, um, that would mean if you have a rent to own, you also have an option to buy it for a certain amount. So, let's say you agreed to $100,000 for the next 2 years. You have an option to pay, buy this property for $100,000 for the next 2 years and the owner can't sell it to anyone but you for that time frame, right? So, that's, that's, that's like a rent to own. You control the property.
And we, we love rent to owns. Um, we primarily do rent to owns rather than like owner financing or subject to or anything like that because, um, they're A, Chicago is like an attorney, like Illinois is like an attorney state. Um, so we, uh, contracted like hundreds of owner financing or subject to deals and usually those deals got killed at closing cuz either the buyer's attorney, the seller's attorney, uh, title company didn't know how to structure it or it was one of the attorneys that said, "This is illegal, you can't take a subject to over." Um, so, you know, we contracted hundreds of those deals and maybe closed like a handful, maybe like five or 10. So, for me, like, you know, we got 100, 100 plus deals under contract and like only like, uh, if five of them close, five or 10 of them close, it's, and you just wasted your time with so many deals, right?
So, we just changed it to a rent-to-own. Rent-to-own, very simple. Um, we, uh, we typically, there's typically not, you know, most of the time there's not an attorney involved. Most of the time, uh, the title's not transferring, so you don't have attorneys involved. It's usually just you and the owner directly. And you can get these signed across the kitchen table, right? Um, of course, you should check title, make sure everything's clear. Um, uh, but typically these deals can be, uh, are easy to explain cuz everyone knows what a rent-to-own is. You rent with an option to buy. Um, everyone knows the concept pretty easily, right? And they're a lot easier to close.
Uh, we've done hundreds of rent-to-own deals, whether we, we, uh, rent-to-own one of our properties that we own or we rent, rent-to-own a property from an owner or we, uh, I've done, I think five or six rent-to-owns where I actually moved into the property where it was like a beautiful home and instead of trying to, uh, turn around and rent it out or cash flow it, I just decided to move into the property, right? So, these could be deals, you know, dream properties that you move into, right?
Uh, so, rent-to-own is basically similar to owner, you own the property for a certain amount of time. So, as you have the ownership rights, but you control the cash flow, you control the equity for the amount of time that you agree with the owner. So, you and so on are negotiable. You can do these deals. You can get a contract for a year, for 2 years, for 7 years. We've had some for like 10 years or more where we did a rent-to-own that we still have. Um, um, so, it's all negotiable, right?
So, how to negotiate with these sellers and how to analyze these deals? So, I think the best thing to do is, uh, go over, you know, how to structure these so you can kind of explain it to the owners, right? And if I'm going to stay in the middle of a deal, like I said, these numbers should be similar to owner financing a subject to because [clears throat] um, you're going to want equity and some cash flow, um, in order to do the deal. And we're going to talk about how to determine what your exit strategy is.
So, like I said, you, it's basically like you own these properties so you can live, go, move in them, you can live in them, you can rent them out normally. You can rent to own it to somebody else, which is called, which is what a true sandwich rent to own is, um, where you rent to own it from the owner and then you rent to own it again, creating the spread in the equity, the cash flow, and the down payment. Um, you can sell the property outright. Um, so, let's say you got a, you got a great deal, rent to own for a year or 2 years. You got it for $150,000 and you believe it's worth, you know, $190 as is. And let's say instead of you holding it, you just want to sell it, like, cuz that, that's what's in your contract. You say you can sell it at any time. So, you put it on the market for $190 and you can just outright just sell it, list it on the MLS, right?
Um, so, it's basically you own it, you can sell it, you can Airbnb it if you decide, "Hey, the numbers look good. I want to furnish it, invest some money in the furniture, and then turn around and Airbnb this property." Um, you can do that as well, right?
So, um, I'm going to try to get this whiteboard here. I got this new whiteboard thing. So, let me minimize this. So, here's our, uh, how we structure a rent-to-own, right? So, um, I'm just going to go over a deal that, that we did recently. So, the, there's always, um, going to be the purchase price you got to negotiate with the owner, right? So, the price, the monthly payment, the rent you got, uh, the down payment, how much you're going to put down, the term for how long is this going to go for? Um, there's also, uh, you want to, you want to talk about repairs, like who's going to do the repairs, certain amount, and any rent credits, meaning if I pay it on time every month, do I can I get like a, you can negotiate however you want. Can I get a 10% rent credit, 20%? I've had rent credits where I got like 50% of my, every time I paid the $2,000 a month, I got $1,000 towards the, the, the, uh, principal, which is way better than even a, a normal loan, right? Cuz when you get a normal loan, you're really not paying any principal at all. So, you got to negotiate all this with the owner.
Okay, what's the price, right? What's the price of the property? Um, so this price is, uh, it's like $207,000. The rent on the, the monthly rent is $1,800 a month. This is what we're, we, we are, we have negotiated with the owner, right? Down payment, uh, just 2 months rent, so $3,600. $3,600 down. Terms, 3 years. And then repairs, we said, uh, $300, we'll take care of $300 per month. Anything over that, the owner has to take care of it. And then the rent credit, uh, 10%, which is going to be about $180 a month goes towards paying down the principal, right? So, these are, um, the numbers we have, you know, say these are the numbers we have with the owner here. And this is you in the middle of the deal. And then here's the, uh, retail [clears throat] numbers, meaning what's the retail price, retail rent that I can sell it for at, at the most, like as is, right?
So, right now I can sell this property for $240. I believe that it would appraise at $240 as is without any repairs. Uh, market rent $2,400 a month. So, there's $600 a month spread here. And then, um, $240, so we're at, uh, $600 a month in rent cash flow potential. And, um, if I'm going to rent to own to someone else, you know, I'm going to try to get a bigger down payment. So, I'm trying to get like $15,000 down, right? So, this is like a true sandwich rent to own. If I'm going to do like a sandwich rent to own on this, um, so, $15,000 minus $3,600, you got $10, $11,400, right? Or is it $12? Yeah, $12,000. So, you get $12,400 down, $600 a month, $33,000 in equity. And then the terms. If I'm going to rent to own to someone else, I'm going to give them like one or two years, right? So, so, got a 3-year term. I'm going to give them 1 or 2 years. So, this would be like a sandwich rent-to-own where I rent-to-own it to someone else. I rent-to-own it from the owner and then I turn around rent-to-own it to someone else for a higher price, higher cash flow, higher down payment, and lower terms because if I got 3 years, I want to be paid out. I want to have some time if, let's say, 2 years go by and they don't get the, the loan to pay me out. Um, I have another year to sell the property or another year to find another buyer, right? So, I got a, a 1-year spread here.
Then repairs. If I'm going to sandwich rent-to-own with someone else, I'm going to put those repairs on the buyer. So, for me, it's going to be zero repairs cuz the buyer is going to pay $300 and under and the owner is going to pay any repairs over $300. And that's negotiable. You can raise it, you know, $500, $1,000. If you got a really good deal, you know, like you got a home run deal, maybe you want to get rid of that, right? So, you always, you're always giving and taking in these deals. Like, okay, you want, you know, full retail, uh, purchase price. Okay, I want to, I want to take down the rent then from $1,800 to $1,000, right? If you, I'm going to give you full retail. So, you can always, if you're always going to give on something, take on something else, right? And then rent credit, I give the sandwich rent-to-own buyer, uh, zero. That's why I get this rent credit of $180 a month. So, after like 2 or 3 years, I could, you know, be a quite a few thousand, right? So, if I, if this was a true sandwich rent-to-own deal, um, at the end of this deal, we could have made $33 plus. Let me get my calculator out. Oh, I can't use the calculator at the same time. So, you got $600 plus $180, the rent credits times, let's say 36, 3 years plus $33,000 plus, uh, what is it? $11,400 dollar down payment upfront. So, this deal could bring in about $72,000 in total profit after like three, two to three years. All right, so $72k profit. If you hold it for two to three year. Right?
If I did a sandwich rent. Now, you have to look at the exit strategies, like what, what. So, if I did a sandwich rent to own, here's my profit, right? And again, you know, if you decide you want to live in the property, you can do that. Normal rental, let's say if I just rented this out for 3 years on a normal lease, I got $600, um, uh, I ended up getting like $600, um, a month times 36 months. You got $21,000 in profit. So, this is a rent normal. You got $21k plus when you sell it, right? So, at the end of 3 years, you're going to sell it. And you're hoping like if you just rented it out normally, you're hoping, you know, retail value right now is $240. But, you're hoping for maybe like a 3% appreciation, right? So, let's say $240, $240 times, uh, 0.03, you got $7,200. Well, let's just round up to maybe times three, so about 21, let's say it's about $24,000. $24,000 in equity when you sell it. So, the normal rental will approximately get me about $45,000 in profit, right? For 3 years. So, not bad. But, obviously this $72k is better, right?
And then you want to look at it as, um, maybe a potential, uh, B&B, right? Short-term rental. Short-term vacation rental, right? So, the property that we got rent-to-own, we turned around and Airbnb'd it. Uh, our potential profit is like $2,500 a month. So, that's going to be $2,500 a month. So, let's do that numbers again. $2,500 times 36, so that's 3 years. So, right there. That's our potential on it, $90,000. Of course, you know, you got to invest in furniture. You got to manage it. It's a lot of work. You know, so let's say I got to pay for $15 grand of furniture costs. We got to pay. So, we're at about $75,000 profit with the B&B. Plus, we got the equity, right? So, we got the, um, $33 grand profit. The $33 grand spread from the retail plus the. So, you got the $24,000 in appreciation, 3% a year for 3 years, plus $33,000. I didn't even do that in the rental, did I? So, $57,000. So, right here, $57. So, we got $75k plus $57k. So, that is way, way more than the short-term, I mean, sandwich rent to own, right? Cuz we got $132 here. So, the profit here potentially is $132k over the course of 3 years. Right? That's of course if it appreciates 3%. Uh, if the market doesn't tank and it go doesn't go down to worth anything, right? Um, so, 3 years, $132k profit versus $72k profit. Of course, we want to go with this strategy here even though we got to invest, you know, $15 grand in furniture costs, right?
And then the rent, I, I messed up that one. So, this, this is plus $33. Cuz I didn't get the initial equity that was $33. So, $45 plus $33, you're looking at about $88, $88k in profit here on a normal rent. So, it is better than a sandwich rent to own, but the, the hassle is, um, you're not going to get that $15. I didn't, uh, that $15 the upfront down payment, you know, you're going to have to be out of pocket with some money upfront with $3,600. So, you're going to have to put some money in it and, uh, you're not going to get that $11,400 down payment, right? So, um, rent to own strategy is great. Like I said, you can have multiple exit strategies. You can just list it. So, I can just sell this, right? Let's say that I decided I don't want to rent it. I don't want the hassle of Airbnb'ing it, furnishing it, investing money into it. I just want to get quick cash, get in and out. Right here, I just want to get my $33 grand and get out, right? So, I just list it on the MLS. MLS for $240 and I get my $33k profit. Right? So, of course, that's the probably the fastest you'll get your money cuz maybe, you know, you get a buyer in a couple months and it closes, you make your $33 grand. But if you held it for a rental or sandwich rental or Airbnb, you would have made a lot more, but of course it's more work, right? Cuz you got to manage it. You probably have to invest some money into it. You got to take care of all the management headaches, you know, people stop paying the rent, you know, there's a lot of headaches that go. There's a lot of headaches that go into management, right? Where you just sell it, you get your $33 grand. And then you reinvest that money into, into, uh, back into the business, back into marketing or something, right?
So, that, that's how we're kind of, uh, negotiating with the sellers where we, we kind of have this, this, uh, structure. So, if I'm talking to the owner, I'm, you know, I need to, when I'm negotiating with the owner, I need to know price, rent, down payment, terms, uh, you know, who's taking care of repairs, the credit, the rent credit. And we, we usually are approaching owners with this, um, we're approaching them, "Hey, we are the buyer, we're buying the property." And we do approach them with a cash offer so I say, "Here's our cash offer." And of course, you know, we're trying to get the cash offer and that, um, of course, usually that's too low. Like 90% of all cash offers you make, 99% of them are going to be too low. So, you can pivot to like, "Hey, we also do, um, rent to own or similar, like similar owner financing where we can pay you more money, but you're going to get paid, um, over time instead of getting all your, instead of getting paid upfront, right?" So, if you're open [clears throat] to that, we can present a, uh, a rent to own offer, right? Like, and if you, if you want to do, you know, owner financing or subject to, you can do that. I just don't do that because, like I said, you know, we usually someone kills the deal. Um, but if I have a, a rent-to-own interested seller, usually I can get those signed like over the phone or across the kitchen table. Um, and usually, usually I don't have to get an attorney involved, um, because it's pretty easy to understand, um, pretty easy contracts to understand. But, um, uh, like I said, we approached it, we usually approach the sellers as, "We are, we are the buyer and we're, you know, this is our offer." And if that doesn't work, we, we, we also can pay you more money, but you'll get paid over time, uh, where you get paid terms. Um, we can pay you more and that's where we lead with a rent-to-own offer.
And you can even assign these too. So, the last thing you can do with these deals, let's say that, um, this deal, the owner wants, you know, he won't take $207, he, he wants $240, he wants full market rent at $2,400 a month. Um, so, there's really no reason to stay in the middle of that, that deal. Um, so, a lot of times your only profit is, uh, right here in the down payment. Um, so, let's say that this situation here, the owner wanted their two, $240,000 purchase price, $2,400 a month in rent and, um, and they're still okay with the $3,600 down. Um, so, we would still do the deal, but we would tell them, "Hey, Mr. Seller, these numbers don't work for me. There's really no profit, there's no cash flow, there's really no equity cuz you're selling it to me at the price that it's worth today. So, there's no reason for you to stay in the middle. I'm an investor and I'm trying to make a profit. But we do have, uh, potential buyers that, um, are looking to do a rent-to-own. And rent-to-own buyers are really easy to find. Um, what they, what happens is they, uh, you know, once I bring a buyer, they pay me a fee for finding them a great deal. Are you okay with that?" And then he says, "Yes." And then right there, you know, you got $3,600 down. Your only profit's going to be the down payment. So, it's going to be, you know, if I can get someone to put $15,000 down, uh, minus the $3,600 I paid the owner, I'm going to get, uh, $11,400. And, uh, I'm going to walk away with, you know, $11,400. So, I'm assigning my, my, uh, rent-to-own contract for a fee for $11,400, right? So, and I'm, I'm walking away and I'm not getting any cash flow or nothing. Um, that, the, the person I assigned it to is taking over the property and I'm, I'm walking away from the deal, right? I'm not staying in the middle of it. The only reason I stay in the middle of it cuz I can get these big spreads where I can make, you know, $88,000 profit in 3 years or $132,000 or $70,000 profit in 3 years. That's the only reason I stay in the middle of the deal, right?
Uh, so, you can assign it, assign rent-to-own, owner financing, subject to, you can do an assignment. Um, again, numbers, so should be the same as owner financing, subject to, I would say. It's just basically different paperwork, right? With rent-to-own, you're going to be recording your rent-to-own contract on the title, showing everyone that you have equitable interest in the property. So, if someone, you know, the owner tries to sell it or refinance it over your price, um, you know, the lenders will see that, so that, you know, you, your, uh, your, uh, your contract is secured, right?
So, um, like I said, how we approach these sellers, we approach these sellers the same with every, like it's just leads that come in. So, we do our normal marketing. You know, we're marketing to, to, uh, maybe a distressed list like pre-foreclosure or tax delinquents or probates. And these leads come in and we, yes, we do make a cash offer and a lot of times that doesn't work so we can offer more money, a higher price. But, hey, are you willing to do terms? We can offer a higher price, right? So, that's how we kind of see if the owner's open to that type of offer where instead of getting paid now, maybe you'll get paid in, you know, 2 years or 3 years down the, down the line, whatever we negotiate, right? It's all negotiable. Like I said, we've had deals where we've had the term for like 10 years. Um, we did a deal like a three-unit in, uh, like the Portage Park area and it was upside down by like $100 grand. And, uh, we, we, uh, don't have it anymore, but we, we had that deal for, um, 10 years. And it was an Airbnb for 5 years and 5 years we just did a normal rental and we ended up just selling it for, I think it was only like a $60,000 profit, um, at the end. But the monthly, you know, with the, uh, uh, making like a thousand bucks a month for 10 years, you're, you're well over hundreds of thousands in profit, right? Um, so, these terms can all be negotiable. Like if you have a good deal that's like upside down, let's say it's upside down, but you run the numbers and it can cash flow on Airbnb or it can cash flow, you can cash flow it, do a longer term, longer term on it. Maybe you, you, you end up doing 10 years. I've seen people do 15, 20 year leases, right? These big skyscrapers like, you know, downtown, a lot of these lease, they have, uh, rent-to-own leases where it's like they have it for like 50 years, right? So, you can control the deal for however long you, uh, however long you negotiate it for.
And like I said about rent credits, um, it's negotiable. Uh, typically we'll start with 10, 20%. Um, you know, if, let's say the owner, I've, I've had some people I know where they got 100%, right? Like where, where all of the rent that I put down goes 100% towards the principal, right? So, if you get, if you ever get that, um, you know, it's like a 0% mortgage, 0% mortgage, right? Like every cent, I pay $1,800 a month, it goes towards the principal. So, you'll quickly, um, you'll quickly build up, uh, uh, tons of equity with, with a rent credit like 100%, which is, which is, I've seen happen before. I've had it at like 50%, right? So, that's how we structure, um, how to find potential rent-to-own deals. I just, like I said, just do it with your normal marketing. Like you do your normal marketing. Um, let's say you're only doing wholesaling and you're only making like cash offers. Um, you know, you should add this offer in, right? And we do rent-to-owns typically with deals that are only like move-in ready, meaning that I can just turn around and rent it out right now. I don't have to put in that much work at all. Maybe it, maybe it just needs cleaning, you know. Um, the reason being is because, um, you want to cash flow these deals as fast as possible. Um, if you have to put $40, $50, $60 grand into it and and rehab it for two, three, four months, um, and now you're negative $60 grand plus the all the monthly payments, um, you know, you're not going to break even until, you know, a few years. Maybe you won't even break even until you sell it, right?
But [clears throat] we could, you still do rent-to-own deals, owner finance, sub 2 with that need a ton of work? Of course you can if you have the, you know, uh, the funds to put into the, put the rehab money into it or, uh, you want to fix it up and put the money in. Yeah, you can do that. But our model is we just do it where the property is in great condition. I can just turn around and rent it out or Airbnb it as is, maybe furnish it. Um, and that's how we negotiate with the sellers. We just kind of, you know, you know, first we got to get them interested, we got to get them, uh, to say yes to the concept, right? If they're open to the concept, then we break down the price and the terms and the numbers. And then we figure out our exit strategy. Like we need to, how to determine what your exit strategy is. You want to figure out like, kind of what I did today is go into the, you know, is it going to be, um, you know, am I going to just sell it? Am I going to do a sandwich rent to own? Am I just going to rent it out normally? And sometimes like in this situation, if I rent it out normally, I would make more than the sandwich rent to own, right? Am I going to Airbnb it? Sell it would be like, uh, you know, just list it on the market for sale with your spread. And sometimes you can do both. Um, I can do a listing and Airbnb at the same time. And we've done quite a few of those where we actually got a rent to own and had a decent spread on it, equity. And we furnished it. And, uh, we listed it for sale. And at the same time, we Airbnb'd it. So, if it didn't sell, it's still making a thousand bucks a month, two thousand bucks a month. And, uh, we weren't worried if it sold or not because all, all of our holding costs were paid through, you know, Airbnb, like all the taxes, insurance, you know, mortgage getting paid, the, the, the rent getting paid, utilities are getting paid, and plus there's profit. So, I can list it at the same time I have it on Airbnb and then that way, um, it's not vacant, right? And you're not making no money, right? So, when [clears throat] I started Airbnb, I had, uh, I had a bunch of flips, like we had like 20 flips going at the same time and we had them staged, you know, they're on the market on the MLS, um, and I just decided to do one, you know, while it's on the market for sale, Airbnb at the same time and that got all my holding costs paid for, right? And then I decided to do it to all the properties that were on the market for sale and, uh, furnished all of them, furnished all of them, and all of a sudden I went from, I think negative $30, $30 to $40 grand a month in holding costs to like positive $15, $20 grand a month, uh, profit. So, it was like literally like, you know, $50,000, $40,000 a month swing every month where instead of being negative $30 to $40, I was positive $15 to $20, right? So, you got $50,000 more a month in my pocket just because of, you know, just listing at the same time, Airbnb in it.
So, [clears throat] that's a great strategy too is that you can go out there and, uh, list properties at the same time, Airbnb them. And like I said, I, I've lived in six rent-to-owns. Um, I had a big mansion in like, uh, Addison, Illinois, like I was like a six-bedroom, seven-bathroom, like football field yard with a huge swimming pool. I decided to just move into it, right? So, I mean, you, when you, when you're doing this, you're doing finding deals, finding great deals here and there, you could find like a dream home, right? Like the home that you move into, right?
So, that's how you do rent-to-own and how you find these deals. Good ways, uh, you know, just do your normal marketing and then add this offer to your normal marketing. So, if you're marketing to, you know, distressed lists, like pre-foreclosures, tax delinquents, probates, um, you can also find a lot of potential rent-to-own deals from Zillow, uh, for rent sections. They're already raising their hand saying they want to rent it. You just have to convince them, "Hey, are you interested in, if if we rent it from you, are you also interested in, uh, selling it in a few years down the line if we agree on a price, right?" Uh, websites like furnishfinder.com has a lot of, uh, fully furnished homes that are for rent. Um, you can find deals there. Uh, Facebook Marketplace for rent, Craigslist section for rent, um, for rent.
>> [clears throat] >> Um, so, you, there's a, uh, tons of ways to find, uh, landlords. Like, you can, you can just go on, uh, like propwire.com and and for free and just type in your zip code and type in tired landlords, right? These are landlords that have probably owned the property for a long time. Maybe they want to sell it or or get me or, or rent-to-own the properties. Um, so, a lot of ways that you can find these type of deals. Um, and I would just do my normal marketing and just add, you know, if, if you've just been wholesaling and maybe just doing transactional deals where you get paid only once, um, you should just add this offer in, right? And we do rent-to-owns typically with deals that are only like move-in ready, meaning that I can just turn around and rent it out right now. I don't have to put in that much work at all. Maybe it, maybe it just needs cleaning, you know. Um, the reason being is because, um, you want to cash flow these deals as fast as possible. Um, if you have to put $40, $50, $60 grand into it and and rehab it for two, three, four months, um, and now you're negative $60 grand plus the all the monthly payments, um, you know, you're not going to break even until, you know, a few years. Maybe you won't even break even until you sell it, right? But [clears throat] we could, you still do rent-to-own deals, owner finance, sub 2 with that need a ton of work? Of course you can if you have the, you know, uh, the funds to put into the, put the rehab money into it or, uh, you want to fix it up and put the money in. Yeah, you can do that. But our model is we just do it where the property is in great condition. I can just turn around and rent it out or Airbnb it as is, maybe furnish it. Um, and that's how we negotiate with the sellers. We just kind of, you know, you know, first we got to get them interested, we got to get them, uh, to say yes to the concept, right? If they're open to the concept, then we break down the price and the terms and the numbers. And then we figure out our exit strategy. Like we need to, how to determine what your exit strategy is. You want to figure out like, kind of what I did today is go into the, you know, is it going to be, um, you know, am I going to just sell it? Am I going to do a sandwich rent to own? Am I just going to rent it out normally? And sometimes like in this situation, if I rent it out normally, I would make more than the sandwich rent to own, right? Am I going to Airbnb it? Sell it would be like, uh, you know, just list it on the market for sale with your spread. And sometimes you can do both. Um, I can do a listing and Airbnb at the same time. And we've done quite a few of those where we actually got a rent to own and had a decent spread on it, equity. And we furnished it. And, uh, we listed it for sale. And at the same time, we Airbnb'd it. So, if it didn't sell, it's still making a thousand bucks a month, two thousand bucks a month. And, uh, we weren't worried if it sold or not because all, all of our holding costs were paid through, you know, Airbnb, like all the taxes, insurance, you know, mortgage getting paid, the, the, the rent getting paid, utilities are getting paid, and plus there's profit. So, I can list it at the same time I have it on Airbnb and then that way, um, it's not vacant, right? And you're not making no money, right? So, when [clears throat] I started Airbnb, I had, uh, I had a bunch of flips, like we had like 20 flips going at the same time and we had them staged, you know, they're on the market on the MLS, um, and I just decided to do one, you know, while it's on the market for sale, Airbnb at the same time and that got all my holding costs paid for, right? And then I decided to do it to all the properties that were on the market for sale and, uh, furnished all of them, furnished all of them, and all of a sudden I went from, I think negative $30, $30 to $40 grand a month in holding costs to like positive $15, $20 grand a month, uh, profit. So, it was like literally like, you know, $50,000, $40,000 a month swing every month where instead of being negative $30 to $40, I was positive $15 to $20, right? So, you got $50,000 more a month in my pocket just because of, you know, just listing at the same time, Airbnb in it.
So, [clears throat] that's a great strategy too is that you can go out there and, uh, list properties at the same time, Airbnb them. And like I said, I, I've lived in six rent-to-owns. Um, I had a big mansion in like, uh, Addison, Illinois, like I was like a six-bedroom, seven-bathroom, like football field yard with a huge swimming pool. I decided to just move into it, right? So, I mean, you, when you, when you're doing this, you're doing finding deals, finding great deals here and there, you could find like a dream home, right? Like the home that you move into, right?
So, that's how you do rent-to-own and how you find these deals. Good ways, uh, you know, just do your normal marketing and then add this offer to your normal marketing. So, if you're marketing to, you know, distressed lists, like pre-foreclosures, tax delinquents, probates, um, you can also find a lot of potential rent-to-own deals from Zillow, uh, for rent sections. They're already raising their hand saying they want to rent it. You just have to convince them, "Hey, are you interested in, if if we rent it from you, are you also interested in, uh, selling it in a few years down the line if we agree on a price, right?" Uh, websites like furnishfinder.com has a lot of, uh, fully furnished homes that are for rent. Um, you can find deals there. Uh, Facebook Marketplace for rent, Craigslist section for rent, um, for rent.
>> [clears throat] >> Um, so, you, there's a, uh, tons of ways to find, uh, landlords. Like, you can, you can just go on, uh, like propwire.com and and for free and just type in your zip code and type in tired landlords, right? These are landlords that have probably owned the property for a long time. Maybe they want to sell it or or get me or, or rent-to-own the properties. Um, so, a lot of ways that you can find these type of deals. Um, and I would just do my normal marketing and just add, you know, if, if you've just been wholesaling and maybe just doing transactional deals where you get paid only once, um, you should just add this offer in, right? And we do rent-to-owns typically with deals that are only like move-in ready, meaning that I can just turn around and rent it out right now. I don't have to put in that much work at all. Maybe it, maybe it just needs cleaning, you know. Um, the reason being is because, um, you want to cash flow these deals as fast as possible. Um, if you have to put $40, $50, $60 grand into it and and rehab it for two, three, four months, um, and now you're negative $60 grand plus the all the monthly payments, um, you know, you're not going to break even until, you know, a few years. Maybe you won't even break even until you sell it, right? But [clears throat] we could, you still do rent-to-own deals, owner finance, sub 2 with that need a ton of work? Of course you can if you have the, you know, uh, the funds to put into the, put the rehab money into it or, uh, you want to fix it up and put the money in. Yeah, you can do that. But our model is we just do it where the property is in great condition. I can just turn around and rent it out or Airbnb it as is, maybe furnish it. Um, and that's how we negotiate with the sellers. We just kind of, you know, you know, first we got to get them interested, we got to get them, uh, to say yes to the concept, right? If they're open to the concept, then we break down the price and the terms and the numbers. And then we figure out our exit strategy. Like we need to, how to determine what your exit strategy is. You want to figure out like, kind of what I did today is go into the, you know, is it going to be, um, you know, am I going to just sell it? Am I going to do a sandwich rent to own? Am I just going to rent it out normally? And sometimes like in this situation, if I rent it out normally, I would make more than the sandwich rent to own, right? Am I going to Airbnb it? Sell it would be like, uh, you know, just list it on the market for sale with your spread. And sometimes you can do both. Um, I can do a listing and Airbnb at the same time. And we've done quite a few of those where we actually got a rent to own and had a decent spread on it, equity. And we furnished it. And, uh, we listed it for sale. And at the same time, we Airbnb'd it. So, if it didn't sell, it's still making a thousand bucks a month, two thousand bucks a month. And, uh, we weren't worried if it sold or not because all, all of our holding costs were paid through, you know, Airbnb, like all the taxes, insurance, you know, mortgage getting paid, the, the, the rent getting paid, utilities are getting paid, and plus there's profit. So, I can list it at the same time I have it on Airbnb and then that way, um, it's not vacant, right? And you're not making no money, right? So, when [clears throat] I started Airbnb, I had, uh, I had a bunch of flips, like we had like 20 flips going at the same time and we had them staged, you know, they're on the market on the MLS, um, and I just decided to do one, you know, while it's on the market for sale, Airbnb at the same time and that got all my holding costs paid for, right? And then I decided to do it to all the properties that were on the market for sale and, uh, furnished all of them, furnished all of them, and all of a sudden I went from, I think negative $30, $30 to $40 grand a month in holding costs to like positive $15, $20 grand a month, uh, profit. So, it was like literally like, you know, $50,000, $40,000 a month swing every month where instead of being negative $30 to $40, I was positive $15 to $20, right? So, you got $50,000 more a month in my pocket just because of, you know, just listing at the same time, Airbnb in it.
So, [clears throat] that's a great strategy too is that you can go out there and, uh, list properties at the same time, Airbnb them. And like I said, I, I've lived in six rent-to-owns. Um, I had a big mansion in like, uh, Addison, Illinois, like I was like a six-bedroom, seven-bathroom, like football field yard with a huge swimming pool. I decided to just move into it, right? So, I mean, you, when you, when you're doing this, you're doing finding deals, finding great deals here and there, you could find like a dream home, right? Like the home that you move into, right?
So, that's how you do rent-to-own and how you find these deals. Good ways, uh, you know, just do your normal marketing and then add this offer to your normal marketing. So, if you're marketing to, you know, distressed lists, like pre-foreclosures, tax delinquents, probates, um, you can also find a lot of potential rent-to-own deals from Zillow, uh, for rent sections. They're already raising their hand saying they want to rent it. You just have to convince them, "Hey, are you interested in, if if we rent it from you, are you also interested in, uh, selling it in a few years down the line if we agree on a price, right?" Uh, websites like furnishfinder.com has a lot of, uh, fully furnished homes that are for rent. Um, you can find deals there. Uh, Facebook Marketplace for rent, Craigslist section for rent, um, for rent.
>> [clears throat] >> Um, so, you, there's a, uh, tons of ways to find, uh, landlords. Like, you can, you can just go on, uh, like propwire.com and and for free and just type in your zip code and type in tired landlords, right? These are landlords that have probably owned the property for a long time. Maybe they want to sell it or or get me or, or rent-to-own the properties. Um, so, a lot of ways that you can find these type of deals. Um, and I would just do my normal marketing and just add, you know, if, if you've just been wholesaling and maybe just doing transactional deals where you get paid only once, um, you should just add this offer in, right? And we do rent-to-owns typically with deals that are only like move-in ready, meaning that I can just turn around and rent it out right now. I don't have to put in that much work at all. Maybe it, maybe it just needs cleaning, you know. Um, the reason being is because, um, you want to cash flow these deals as fast as possible. Um, if you have to put $40, $50, $60 grand into it and and rehab it for two, three, four months, um, and now you're negative $60 grand plus the all the monthly payments, um, you know, you're not going to break even until, you know, a few years. Maybe you won't even break even until you sell it, right? But [clears throat] we could, you still do rent-to-own deals, owner finance, sub 2 with that need a ton of work? Of course you can if you have the, you know, uh, the funds to put into the, put the rehab money into it or, uh, you want to fix it up and put the money in. Yeah, you can do that. But our model is we just do it where the property is in great condition. I can just turn around and rent it out or Airbnb it as is, maybe furnish it. Um, and that's how we negotiate with the sellers. We just kind of, you know, you know, first we got to get them interested, we got to get them, uh, to say yes to the concept, right? If they're open to the concept, then we break down the price and the terms and the numbers. And then we figure out our exit strategy. Like we need to, how to determine what your exit strategy is. You want to figure out like, kind of what I did today is go into the, you know, is it going to be, um, you know, am I going to just sell it? Am I going to do a sandwich rent to own? Am I just going to rent it out normally? And sometimes like in this situation, if I rent it out normally, I would make more than the sandwich rent to own, right? Am I going to Airbnb it? Sell it would be like, uh, you know, just list it on the market for sale with your spread. And sometimes you can do both. Um, I can do a listing and Airbnb at the same time. And we've done quite a few of those where we actually got a rent to own and had a decent spread on it, equity. And we furnished it. And, uh, we listed it for sale. And at the same time, we Airbnb'd it. So, if it didn't sell, it's still making a thousand bucks a month, two thousand bucks a month. And, uh, we weren't worried if it sold or not because all, all of our holding costs were paid through, you know, Airbnb, like all the taxes, insurance, you know, mortgage getting paid, the, the, the rent getting paid, utilities are getting paid, and plus there's profit. So, I can list it at the same time I have it on Airbnb and then that way, um, it's not vacant, right? And you're not making no money, right? So, when [clears throat] I started Airbnb, I had, uh, I had a bunch of flips, like we had like 20 flips going at the same time and we had them staged, you know, they're on the market on the MLS, um, and I just decided to do one, you know, while it's on the market for sale, Airbnb at the same time and that got all my holding costs paid for, right? And then I decided to do it to all the properties that were on the market for sale and, uh, furnished all of them, furnished all of them, and all of a sudden I went from, I think negative $30, $30 to $40 grand a month in holding costs to like positive $15, $20 grand a month, uh, profit. So, it was like literally like, you know, $50,000, $40,000 a month swing every month where instead of being negative $30 to $40, I was positive $15 to $20, right? So, you got $50,000 more a month in my pocket just because of, you know, just listing at the same time, Airbnb in it.
So, [clears throat] that's a great strategy too is that you can go out there and, uh, list properties at the same time, Airbnb them. And like I said, I, I've lived in six rent-to-owns. Um, I had a big mansion in like, uh, Addison, Illinois, like I was like a six-bedroom, seven-bathroom, like football field yard with a huge swimming pool. I decided to just move into it, right? So, I mean, you, when you, when you're doing this, you're doing finding deals, finding great deals here and there, you could find like a dream home, right? Like the home that you move into, right?
So, that's how you do rent-to-own and how you find these deals. Good ways, uh, you know, just do your normal marketing and then add this offer to your normal marketing. So, if you're marketing to, you know, distressed lists, like pre-foreclosures, tax delinquents, probates, um, you can also find a lot of potential rent-to-own deals from Zillow, uh, for rent sections. They're already raising their hand saying they want to rent it. You just have to convince them, "Hey, are you interested in, if if we rent it from you, are you also interested in, uh, selling it in a few years down the line if we agree on a price, right?" Uh, websites like furnishfinder.com has a lot of, uh, fully furnished homes that are for rent. Um, you can find deals there. Uh, Facebook Marketplace for rent, Craigslist section for rent, um, for rent.
>> [clears throat] >> Um, so, you, there's a, uh, tons of ways to find, uh, landlords. Like, you can, you can just go on, uh, like propwire.com and and for free and just type in your zip code and type in tired landlords, right? These are landlords that have probably owned the property for a long time. Maybe they want to sell it or or get me or, or rent-to-own the properties. Um, so, a lot of ways that you can find these type of deals. Um, and I would just do my normal marketing and just add, you know, if, if you've just been wholesaling and maybe just doing transactional deals where you get paid only once, um, you should just add this offer in, right? And we do rent-to-owns typically with deals that are only like move-in ready, meaning that I can just turn around and rent it out right now. I don't have to put in that much work at all. Maybe it, maybe it just needs cleaning, you know. Um, the reason being is because, um, you want to cash flow these deals as fast as possible. Um, if you have to put $40, $50, $60 grand into it and and rehab it for two, three, four months, um, and now you're negative $60 grand plus the all the monthly payments, um, you know, you're not going to break even until, you know, a few years. Maybe you won't even break even until you sell it, right? But [clears throat] we could, you still do rent-to-own deals, owner finance, sub 2 with that need a ton of work? Of course you can if you have the, you know, uh, the funds to put into the, put the rehab money into it or, uh, you want to fix it up and put the money in. Yeah, you can do that. But our model is we just do it where the property is in great condition. I can just turn around and rent it out or Airbnb it as is, maybe furnish it. Um, and that's how we negotiate with the sellers. We just kind of, you know, you know, first we got to get them interested, we got to get them, uh, to say yes to the concept, right? If they're open to the concept, then we break down the price and the terms and the numbers. And then we figure out our exit strategy. Like we need to, how to determine what your exit strategy is. You want to figure out like, kind of what I did today is go into the, you know, is it going to be, um, you know, am I going to just sell it? Am I going to do a sandwich rent to own? Am I just going to rent it out normally? And sometimes like in this situation, if I rent it out normally, I would make more than the sandwich rent to own, right? Am I going to Airbnb it? Sell it would be like, uh, you know, just list it on the market for sale with your spread. And sometimes you can do both. Um, I can do a listing and Airbnb at the same time. And we've done quite a few of those where we actually got a rent to own and had a decent spread on it, equity. And we furnished it. And, uh, we listed it for sale. And at the same time, we Airbnb'd it. So, if it didn't sell, it's still making a thousand bucks a month, two thousand bucks a month. And, uh, we weren't worried if it sold or not because all, all of our holding costs were paid through, you know, Airbnb, like all the taxes, insurance, you know, mortgage getting paid, the, the, the rent getting paid, utilities are getting paid, and plus there's profit. So, I can list it at the same time I have it on Airbnb and then that way, um, it's not vacant, right? And you're not making no money, right? So, when [clears throat] I started Airbnb, I had, uh, I had a bunch of flips, like we had like 20 flips going at the same time and we had them staged, you know, they're on the market on the MLS, um, and I just decided to do one, you know, while it's on the market for sale, Airbnb at the same time and that got all my holding costs paid for, right? And then I decided to do it to all the properties that were on the market for sale and, uh, furnished all of them, furnished all of them, and all of a sudden I went from, I think negative $30, $30 to $40 grand a month in holding costs to like positive $15, $20 grand a month, uh, profit. So, it was like literally like, you know, $50,000, $40,000 a month swing every month where instead of being negative $30 to $40, I was positive $15 to $20, right? So, you got $50,000 more a month in my pocket just because of, you know, just listing at the same time, Airbnb in it.
So, [clears throat] that's a great strategy too is that you can go out there and, uh, list properties at the same time, Airbnb them. And like I said, I, I've lived in six rent-to-owns. Um, I had a big mansion in like, uh, Addison, Illinois, like I was like a six-bedroom, seven-bathroom, like football field yard with a huge swimming pool. I decided to just move into it, right? So, I mean, you, when you, when you're doing this, you're doing finding deals, finding great deals here and there, you could find like a dream home, right? Like the home that you move into, right?
So, that's how you do rent-to-own and how you find these deals. Good ways, uh, you know, just do your normal marketing and then add this offer to your normal marketing. So, if you're marketing to, you know, distressed lists, like pre-foreclosures, tax delinquents, probates, um, you can also find a lot of potential rent-to-own deals from Zillow, uh, for rent sections. They're already raising their hand saying they want to rent it. You just have to convince them, "Hey, are you interested in, if if we rent it from you, are you also interested in, uh, selling it in a few years down the line if we agree on a price, right?" Uh, websites like furnishfinder.com has a lot of, uh, fully furnished homes that are for rent. Um, you can find deals there. Uh, Facebook Marketplace for rent, Craigslist section for rent, um, for rent.
>> [clears throat] >> Um, so, you, there's a, uh, tons of ways to find, uh, landlords. Like, you can, you can just go on, uh, like propwire.com and and for free and just type in your zip code and type in tired landlords, right? These are landlords that have probably owned the property for a long time. Maybe they want to sell it or or get me or, or rent-to-own the properties. Um, so, a lot of ways that you can find these type of deals. Um, and I would just do my normal marketing and just add, you know, if, if you've just been wholesaling and maybe just doing transactional deals where you get paid only once, um, you should just add this offer in, right? And we do rent-to-owns typically with deals that are only like move-in ready, meaning that I can just turn around and rent it out right now. I don't have to put in that much work at all. Maybe it, maybe it just needs cleaning, you know. Um, the reason being is because, um, you want to cash flow these deals as fast as possible. Um, if you have to put $40, $50, $60 grand into it and and rehab it for two, three, four months, um, and now you're negative $60 grand plus the all the monthly payments, um, you know, you're not going to break even until, you know, a few years. Maybe you won't even break even until you sell it, right? But [clears throat] we could, you still do rent-to-own deals, owner finance, sub 2 with that need a ton of work? Of course you can if you have the, you know, uh, the funds to put into the, put the rehab money into it or, uh, you want to fix it up and put the money in. Yeah, you can do that. But our model is we just do it where the property is in great condition. I can just turn around and rent it out or Airbnb it as is, maybe furnish it. Um, and that's how we negotiate with the sellers. We just kind of, you know, you know, first we got to get them interested, we got to get them, uh, to say yes to the concept, right? If they're open to the concept, then we break down the price and the terms and the numbers. And then we figure out our exit strategy. Like we need to, how to determine what your exit strategy is. You want to figure out like, kind of what I did today is go into the, you know, is it going to be, um, you know, am I going to just sell it? Am I going to do a sandwich rent to own? Am I just going to rent it out normally? And sometimes like in this situation, if I rent it out normally, I would make more than the sandwich rent to own, right? Am I going to Airbnb it? Sell it would be like, uh, you know, just list it on the market for sale with your spread. And sometimes you can do both. Um, I can do a listing and Airbnb at the same time. And we've done quite a few of those where we actually got a rent to own and had a decent spread on it, equity. And we furnished it. And, uh, we listed it for sale. And at the same time, we Airbnb'd it. So, if it didn't sell, it's still making a thousand bucks a month, two thousand bucks a month. And, uh, we weren't worried if it sold or not because all, all of our holding costs were paid through, you know, Airbnb, like all the taxes, insurance, you know, mortgage getting paid, the, the, the rent getting paid, utilities are getting paid, and plus there's profit. So, I can list it at the same time I have it on Airbnb and then that way, um, it's not vacant, right? And you're not making no money, right? So, when [clears throat] I started Airbnb, I had, uh, I had a bunch of flips, like we had like 20 flips going at the same time and we had them staged, you know, they're on the market on the MLS, um, and I just decided to do one, you know, while it's on the market for sale, Airbnb at the same time and that got all my holding costs paid for, right? And then I decided to do it to all the properties that were on the market for sale and, uh, furnished all of them, furnished all of them, and all of a sudden I went from, I think negative $30, $30 to $40 grand a month in holding costs to like positive $15, $20 grand a month, uh, profit. So, it was like literally like, you know, $50,000, $40,000 a month swing every month where instead of being negative $30 to $40, I was positive $15 to $20, right? So, you got $50,000 more a month in my pocket just because of, you know, just listing at the same time, Airbnb in it.
So, [clears throat] that's a great strategy too is that you can go out there and, uh, list properties at the same time, Airbnb them. And like I said, I, I've lived in six rent-to-owns. Um, I had a big mansion in like, uh, Addison, Illinois, like I was like a six-bedroom, seven-bathroom, like football field yard with a huge swimming pool. I decided to just move into it, right? So, I mean, you, when you, when you're doing this, you're doing finding deals, finding great deals here and there, you could find like a dream home, right? Like the home that you move into, right?
So, that's how you do rent-to-own and how you find these deals. Good ways, uh, you know, just do your normal marketing and then add this offer to your normal marketing. So, if you're marketing to, you know, distressed lists, like pre-foreclosures, tax delinquents, probates, um, you can also find a lot of potential rent-to-own deals from Zillow, uh, for rent sections. They're already raising their hand saying they want to rent it. You just have to convince them, "Hey, are you interested in, if if we rent it from you, are you also interested in, uh, selling it in a few years down the line if we agree on a price, right?" Uh, websites like furnishfinder.com has a lot of, uh, fully furnished homes that are for rent. Um, you can find deals there. Uh, Facebook Marketplace for rent, Craigslist section for rent, um, for rent.
>> [clears throat] >> Um, so, you, there's a, uh, tons of ways to find, uh, landlords. Like, you can, you can just go on, uh, like propwire.com and and for free and just type in your zip code and type in tired landlords, right? These are landlords that have probably owned the property for a long time. Maybe they want to sell it or or get me or, or rent-to-own the properties. Um, so, a lot of ways that you can find these type of deals. Um, and I would just do my normal marketing and just add, you know, if, if you've just been wholesaling and maybe just doing transactional deals where you get paid only once, um, you should just add this offer in, right? And we do rent-to-owns typically with deals that are only like move-in ready, meaning that I can just turn around and rent it out right now. I don't have to put in that much work at all. Maybe it, maybe it just needs cleaning, you know. Um, the reason being is because, um, you want to cash flow these deals as fast as possible. Um, if you have to put $40, $50, $60 grand into it and and rehab it for two, three, four months, um, and now you're negative $60 grand plus the all the monthly payments, um, you know, you're not going to break even until, you know, a few years. Maybe you won't even break even until you sell it, right? But [clears throat] we could, you still do rent-to-own deals, owner finance, sub 2 with that need a ton of work? Of course you can if you have the, you know, uh, the funds to put into the, put the rehab money into it or, uh, you want to fix it up and put the money in. Yeah, you can do that. But our model is we just do it where the property is in great condition. I can just turn around and rent it out or Airbnb it as is, maybe furnish it. Um, and that's how we negotiate with the sellers. We just kind of, you know, you know, first we got to get them interested, we got to get them, uh, to say yes to the concept, right? If they're open to the concept, then we break down the price and the terms and the numbers. And then we figure out our exit strategy. Like we need to, how to determine what your exit strategy is. You want to figure out like, kind of what I did today is go into the, you know, is it going to be, um, you know, am I going to just sell it? Am I going to do a sandwich rent to own? Am I just going to rent it out normally? And sometimes like in this situation, if I rent it out normally, I would make more than the sandwich rent to own, right? Am I going to Airbnb it? Sell it would be like, uh, you know, just list it on the market for sale with your spread. And sometimes you can do both. Um, I can do a listing and Airbnb at the same time. And we've done quite a few of those where we actually got a rent to own and had a decent spread on it, equity. And we furnished it. And, uh, we listed it for sale. And at the same time, we Airbnb'd it. So, if it didn't sell, it's still making a thousand bucks a month, two thousand bucks a month. And, uh, we weren't worried if it sold or not because all, all of our holding costs were paid through, you know, Airbnb, like all the taxes, insurance, you know, mortgage getting paid, the, the, the rent getting paid, utilities are getting paid, and plus there's profit. So, I can list it at the same time I have it on Airbnb and then that way, um, it's not vacant, right? And you're not making no money, right? So, when [clears throat] I started Airbnb, I had, uh, I had a bunch of flips, like we had like 20 flips going at the same time and we had them staged, you know, they're on the market on the MLS, um, and I just decided to do one, you know, while it's on the market for sale, Airbnb at the same time and that got all my holding costs paid for, right? And then I decided to do it to all the properties that were on the market for sale and, uh, furnished all of them, furnished all of them, and all of a sudden I went from, I think negative $30, $30 to $40 grand a month in holding costs to like positive $15, $20 grand a month, uh, profit. So, it was like literally like, you know, $50,000, $40,000 a month swing every month where instead of being negative $30 to $40, I was positive $15 to $20, right? So, you got $50,000 more a month in my pocket just because of, you know, just listing at the same time, Airbnb in it.
So, [clears throat] that's a great strategy too is that you can go out there and, uh, list properties at the same time, Airbnb them. And like I said, I, I've lived in six rent-to-owns. Um, I had a big mansion in like, uh, Addison, Illinois, like I was like a six-bedroom, seven-bathroom, like football field yard with a huge swimming pool. I decided to just move into it, right? So, I mean, you, when you, when you're doing this, you're doing finding deals, finding great deals here and there, you could find like a dream home, right? Like the home that you move into, right?
So, that's how you do rent-to-own and how you find these deals. Good ways, uh, you know, just do your normal marketing and then add this offer to your normal marketing. So, if you're marketing to, you know, distressed lists, like pre-foreclosures, tax delinquents, probates, um, you can also find a lot of potential rent-to-own deals from Zillow, uh, for rent sections. They're already raising their hand saying they want to rent it. You just have to convince them, "Hey, are you interested in, if if we rent it from you, are you also interested in, uh, selling it in a few years down the line if we agree on a price, right?" Uh, websites like furnishfinder.com has a lot of, uh, fully furnished homes that are for rent. Um, you can find deals there. Uh, Facebook Marketplace for rent, Craigslist section for rent, um, for rent.
>> [clears throat] >> Um, so, you, there's a, uh, tons of ways to find, uh, landlords. Like, you can, you can just go on, uh, like propwire.com and and for free and just type in your zip code and type in tired landlords, right? These are landlords that have probably owned the property for a long time. Maybe they want to sell it or or get me or, or rent-to-own the properties. Um, so, a lot of ways that you can find these type of deals. Um, and I would just do my normal marketing and just add, you know, if, if you've just been wholesaling and maybe just doing transactional deals where you get paid only once, um, you should just add this offer in, right? And we do rent-to-owns typically with deals that are only like move-in ready, meaning that I can just turn around and rent it out right now. I don't have to put in that much work at all. Maybe it, maybe it just needs cleaning, you know. Um, the reason being is because, um, you want to cash flow these deals as fast as possible. Um, if you have to put $40, $50, $60 grand into it and and rehab it for two, three, four months, um, and now you're negative $60 grand plus the all the monthly payments, um, you know, you're not going to break even until, you know, a few years. Maybe you won't even break even until you sell it, right? But [clears throat] we could, you still do rent-to-own deals, owner finance, sub 2 with that need a ton of work? Of course you can if you have the, you know, uh, the funds to put into the, put the rehab money into it or, uh, you want to fix it up and put the money in. Yeah, you can do that. But our model is we just do it where the property is in great condition. I can just turn around and rent it out or Airbnb it as is, maybe furnish it. Um, and that's how we negotiate with the sellers. We just kind of, you know, you know, first we got to get them interested, we got to get them, uh, to say yes to the concept, right? If they're open to the concept, then we break down the price and the terms and the numbers. And then we figure out our exit strategy. Like we need to, how to determine what your exit strategy is. You want to figure out like, kind of what I did today is go into the, you know, is it going to be, um, you know, am I going to just sell it? Am I going to do a sandwich rent to own? Am I just going to rent it out normally? And sometimes like in this situation, if I rent it out normally, I would make more than the sandwich rent to own, right? Am I going to Airbnb it? Sell it would be like, uh, you know, just list it on the market for sale with your spread. And sometimes you can do both. Um, I can do a listing and Airbnb at the same time. And we've done quite a few of those where we actually got a rent to own and had a decent spread on it, equity. And we furnished it. And, uh, we listed it for sale. And at the same time, we Airbnb'd it. So, if it didn't sell, it's still making a thousand bucks a month, two thousand bucks a month. And, uh, we weren't worried if it sold or not because all, all of our holding costs were paid through, you know, Airbnb, like all the taxes, insurance, you know, mortgage getting paid, the, the, the rent getting paid, utilities are getting paid, and plus there's profit. So, I can list it at the same time I have it on Airbnb and then that way, um, it's not vacant, right? And you're not making no money, right? So, when [clears throat] I started Airbnb, I had, uh, I had a bunch of flips, like we had like 20 flips going at the same time and we had them staged, you know, they're on the market on the MLS, um, and I just decided to do one, you know, while it's on the market for sale, Airbnb at the same time and that got all my holding costs paid for, right? And then I decided to do it to all the properties that were on the market for sale and, uh, furnished all of them, furnished all of them, and all of a sudden I went from, I think negative $30, $30 to $40 grand a month in holding costs to like positive $15, $20 grand a month, uh, profit. So, it was like literally like, you know, $50,000, $40,000 a month swing every month where instead of being negative $30 to $40, I was positive $15 to $20, right? So, you got $50,000 more a month in my pocket just because of, you know, just listing at the same time, Airbnb in it.
So, [clears throat] that's a great strategy too is that you can go out there and, uh, list properties at the same time, Airbnb them. And like I said, I, I've lived in six rent-to-owns. Um, I had a big mansion in like, uh, Addison, Illinois, like I was like a six-bedroom, seven-bathroom, like football field yard with a huge swimming pool. I decided to just move into it, right? So, I mean, you, when you, when you're doing this, you're doing finding deals, finding great deals here and there, you could find like a dream home, right? Like the home that you move into, right?
So, that's how you do rent-to-own and how you find these deals. Good ways, uh, you know, just do your normal marketing and then add this offer to your normal marketing. So, if you're marketing to, you know, distressed lists, like pre-foreclosures, tax delinquents, probates, um, you can also find a lot of potential rent-to-own deals from Zillow, uh, for rent sections. They're already raising their hand saying they want to rent it. You just have to convince them, "Hey, are you interested in, if if we rent it from you, are you also interested in, uh, selling it in a few years down the line if we agree on a price, right?" Uh, websites like furnishfinder.com has a lot of, uh, fully furnished homes that are for rent. Um, you can find deals there. Uh, Facebook Marketplace for rent, Craigslist section for rent, um, for rent.
>> [clears throat] >> Um, so, you, there's a, uh, tons of ways to find, uh, landlords. Like, you can, you can just go on, uh, like propwire.com and and for free and just type in your zip code and type in tired landlords, right? These are landlords that have probably owned the property for a long time. Maybe they want to sell it or or get me or, or rent-to-own the properties. Um, so, a lot of ways that you can find these type of deals. Um, and I would just do my normal marketing and just add, you know, if, if you've just been wholesaling and maybe just doing transactional deals where you get paid only once, um, you should just add this offer in, right? And we do rent-to-owns typically with deals that are only like move-in ready, meaning that I can just turn around and rent it out right now. I don't have to put in that much work at all. Maybe it, maybe it just needs cleaning, you know. Um, the reason being is because, um, you want to cash flow these deals as fast as possible. Um, if you have to put $40, $50, $60 grand into it and and rehab it for two, three, four months, um, and now you're negative $60 grand plus the all the monthly payments, um, you know, you're not going to break even until, you know, a few years. Maybe you won't even break even until you sell it, right? But [clears throat] we could, you still do rent-to-own deals, owner finance, sub 2 with that need a ton of work? Of course you can if you have the, you know, uh, the funds to put into the, put the rehab money into it or, uh, you want to fix it up and put the money in. Yeah, you can do that. But our model is we just do it where the property is in great condition. I can just turn around and rent it out or Airbnb it as is, maybe furnish it. Um, and that's how we negotiate with the sellers. We just kind of, you know, you know, first we got to get them interested, we got to get them, uh, to say yes to the concept, right? If they're open to the concept, then we break down the price and the terms and the numbers. And then we figure out our exit strategy. Like we need to, how to determine what your exit strategy is. You want to figure out like, kind of what I did today is go into the, you know, is it going to be, um, you know, am I going to just sell it? Am I going to do a sandwich rent to own? Am I just going to rent it out normally? And sometimes like in this situation, if I rent it out normally, I would make more than the sandwich rent to own, right? Am I going to Airbnb it? Sell it would be like, uh, you know, just list it on the market for sale with your spread. And sometimes you can do both. Um, I can do a listing and Airbnb at the same time. And we've done quite a few of those where we actually got a rent to own and had a decent spread on it, equity. And we furnished it. And, uh, we listed it for sale. And at the same time, we Airbnb'd it. So, if it didn't sell, it's still making a thousand bucks a month, two thousand bucks a month. And, uh, we weren't worried if it sold or not because all, all of our holding costs were paid through, you know, Airbnb, like all the taxes, insurance, you know, mortgage getting paid, the, the, the rent getting paid, utilities are getting paid, and plus there's profit. So, I can list it at the same time I have it on Airbnb and then that way, um, it's not vacant, right? And you're not making no money, right? So, when [clears throat] I started Airbnb, I had, uh, I had a bunch of flips, like we had like 20 flips going at the same time and we had them staged, you know, they're on the market on the MLS, um, and I just decided to do one, you know, while it's on the market for sale, Airbnb at the same time and that got all my holding costs paid for, right? And then I decided to do it to all the properties that were on the market for sale and, uh, furnished all of them, furnished all of them, and all of a sudden I went from, I think negative $30, $30 to $40 grand a month in holding costs to like positive $15, $20 grand a month, uh, profit. So, it was like literally like, you know, $50,000, $40,000 a month swing every month where instead of being negative $30 to $40, I was positive $15 to $20, right? So, you got $50,000 more a month in my pocket just because of, you know, just listing at the same time, Airbnb in it.
So, [clears throat] that's a great strategy too is that you can go out there and, uh, list properties at the same time, Airbnb them. And like I said, I, I've lived in six rent-to-owns. Um, I had a big mansion in like, uh, Addison, Illinois, like I was like a six-bedroom, seven-bathroom, like football field yard with a huge swimming pool. I decided to just move into it, right? So, I mean, you, when you, when you're doing this, you're doing finding deals, finding great deals here and there, you could find like a dream home, right? Like the home that you move into, right?
So, that's how you do rent-to-own and how you find these deals. Good ways, uh, you know, just do your normal marketing and then add this offer to your normal marketing. So, if you're marketing to, you know, distressed lists, like pre-foreclosures, tax delinquents, probates, um, you can also find a lot of potential rent-to-own deals from Zillow, uh, for rent sections. They're already raising their hand saying they want to rent it. You just have to convince them, "Hey, are you interested in, if if we rent it from you, are you also interested in, uh, selling it in a few years down the line if we agree on a price, right?" Uh, websites like furnishfinder.com has a lot of, uh, fully furnished homes that are for rent. Um, you can find deals there. Uh, Facebook Marketplace for rent, Craigslist section for rent, um, for rent.
>> [clears throat] >> Um, so, you, there's a, uh, tons of ways to find, uh, landlords. Like, you can, you can just go on, uh, like propwire.com and and for free and just type in your zip code and type in tired landlords, right? These are landlords that have probably owned the property for a long time. Maybe they want to sell it or or get me or, or rent-to-own the properties. Um, so, a lot of ways that you can find these type of deals. Um, and I would just do my normal marketing and just add, you know, if, if you've just been wholesaling and maybe just doing transactional deals where you get paid only once, um, you should just add this offer in, right? And we do rent-to-owns typically with deals that are only like move-in ready, meaning that I can just turn around and rent it out right now. I don't have to put in that much work at all. Maybe it, maybe it just needs cleaning, you know. Um, the reason being is because, um, you want to cash flow these deals as fast as possible. Um, if you have to put $40, $50, $60 grand into it and and rehab it for two, three, four months, um, and now you're negative $60 grand plus the all the monthly payments, um, you know, you're not going to break even until, you know, a few years. Maybe you won't even break even until you sell it, right? But [clears throat] we could, you still do rent-to-own deals, owner finance, sub 2 with that need a ton of work? Of course you can if you have the, you know, uh, the funds to put into the, put the rehab money into it or, uh, you want to fix it up and put the money in. Yeah, you can do that. But our model is we just do it where the property is in great condition. I can just turn around and rent it out or Airbnb it as is, maybe furnish it. Um, and that's how we negotiate with the sellers. We just kind of, you know, you know, first we got to get them interested, we got to get them, uh, to say yes to the concept, right? If they're open to the concept, then we break down the price and the terms and the numbers. And then we figure out our exit strategy. Like we need to, how to determine what your exit strategy is. You want to figure out like, kind of what I did today is go into the, you know, is it going to be, um, you know, am I going to just sell it? Am I going to do a sandwich rent to own? Am I just going to rent it out normally? And sometimes like in this situation, if I rent it out normally, I would make more than the sandwich rent to own, right? Am I going to Airbnb it? Sell it would be like, uh, you know, just list it on the market for sale with your spread. And sometimes you can do both. Um, I can do a listing and Airbnb at the same time. And we've done quite a few of those where we actually got a rent to own and had a decent spread on it, equity. And we furnished it. And, uh, we listed it for sale. And at the same time, we Airbnb'd it. So, if it didn't sell, it's still making a thousand bucks a month, two thousand bucks a month. And, uh, we weren't worried if it sold or not because all, all of our holding costs were paid through, you know, Airbnb, like all the taxes, insurance, you know, mortgage getting paid, the, the, the rent getting paid, utilities are getting paid, and plus there's profit. So, I can list it at the same time I have it on Airbnb and then that way, um, it's not vacant, right? And you're not making no money, right? So, when [clears throat] I started Airbnb, I had, uh, I had a bunch of flips, like we had like 20 flips going at the same time and we had them staged, you know, they're on the market on the MLS, um, and I just decided to do one, you know, while it's on the market for sale, Airbnb at the same time and that got all my holding costs paid for, right? And then I decided to do it to all the properties that were on the market for sale and, uh, furnished all of them, furnished all of them, and all of a sudden I went from, I think negative $30, $30 to $40 grand a month in holding costs to like positive $15, $20 grand a month, uh, profit. So, it was like literally like, you know, $50,000, $40,000 a month swing every month where instead of being negative $30 to $40, I was positive $15 to $20, right? So, you got $50,000 more a month in my pocket just because of, you know, just listing at the same time, Airbnb in it.
So, [clears throat] that's a great strategy too is that you can go out there and, uh, list properties at the same time, Airbnb them. And like I said, I, I've lived in six rent-to-owns. Um, I had a big mansion in like, uh, Addison, Illinois, like I was like a six-bedroom, seven-bathroom, like football field yard with a huge swimming pool. I decided to just move into it, right? So, I mean, you, when you, when you're doing this, you're doing finding deals, finding great deals here and there, you could find like a dream home, right? Like the home that you move into, right?
So, that's how you do rent-to-own and how you find these deals. Good ways, uh, you know, just do your normal marketing and then add this offer to your normal marketing. So, if you're marketing to, you know, distressed lists, like pre-foreclosures, tax delinquents, probates, um, you can also find a lot of potential rent-to-own deals from Zillow, uh, for rent sections. They're already raising their hand saying they want to rent it. You just have to convince them, "Hey, are you interested in, if if we rent it from you, are you also interested in, uh, selling it in a few years down the line if we agree on a price, right?" Uh, websites like furnishfinder.com has a lot of, uh, fully furnished homes that are for rent. Um, you can find deals there. Uh, Facebook Marketplace for rent, Craigslist section for rent, um, for rent.
>> [clears throat] >> Um, so, you, there's a, uh, tons of ways to find, uh, landlords. Like, you can, you can just go on, uh, like propwire.com and and for free and just type in your zip code and type in tired landlords, right? These are landlords that have probably owned the property for a long time. Maybe they want to sell it or or get me or, or rent-to-own the properties. Um, so, a lot of ways that you can find these type of deals. Um, and I would just do my normal marketing and just add, you know, if, if you've just been wholesaling and maybe just doing transactional deals where you get paid only once, um, you should just add this offer in, right? And we do rent-to-owns typically with deals that are only like move-in ready, meaning that I can just turn around and rent it out right now. I don't have to put in that much work at all. Maybe it, maybe it just needs cleaning, you know. Um, the reason being is because, um, you want to cash flow these deals as fast as possible. Um, if you have to put $40, $50, $60 grand into it and and rehab it for two, three, four months, um, and now you're negative $60 grand plus the all the monthly payments, um, you know, you're not going to break even until, you know, a few years. Maybe you won't even break even until you sell it, right? But [clears throat] we could, you still do rent-to-own deals, owner finance, sub 2 with that need a ton of work? Of course you can if you have the, you know, uh, the funds to put into the, put the rehab money into it or, uh, you want to fix it up and put the money in. Yeah, you can do that. But our model is we just do it where the property is in great condition. I can just turn around and rent it out or Airbnb it as is, maybe furnish it. Um, and that's how we negotiate with the sellers. We just kind of, you know, you know, first we got to get them interested, we got to get them, uh, to say yes to the concept, right? If they're open to the concept, then we break down the price and the terms and the numbers. And then we figure out our exit strategy. Like we need to, how to determine what your exit strategy is. You want to figure out like, kind of what I did today is go into the, you know, is it going to be, um, you know, am I going to just sell it? Am I going to do a sandwich rent to own? Am I just going to rent it out normally? And sometimes like in this situation, if I rent it out normally, I would make more than the sandwich rent to own, right? Am I going to Airbnb it? Sell it would be like, uh, you know, just list it on the market for sale with your spread. And sometimes you can do both. Um, I can do a listing and Airbnb at the same time. And we've done quite a few of those where we actually got a rent to own and had a decent spread on it, equity. And we furnished it. And, uh, we listed it for sale. And at the same time, we Airbnb'd it. So, if it didn't sell, it's still making a thousand bucks a month, two thousand bucks a month. And, uh, we weren't worried if it sold or not because all, all of our holding costs were paid through, you know, Airbnb, like all the taxes, insurance, you know, mortgage getting paid, the, the, the rent getting paid, utilities are getting paid, and plus there's profit. So, I can list it at the same time I have it on Airbnb and then that way, um, it's not vacant, right? And you're not making no money, right? So, when [clears throat] I started Airbnb, I had, uh, I had a bunch of flips, like we had like 20 flips going at the same time and we had them staged, you know, they're on the market on the MLS, um, and I just decided to do one, you know, while it's on the market for sale, Airbnb at the same time and that got all my holding costs paid for, right? And then I decided to do it to all the properties that were on the market for sale and, uh, furnished all of them, furnished all of them, and all of a sudden I went from, I think negative $30, $30 to $40 grand a month in holding costs to like positive $15, $20 grand a month, uh, profit. So, it was like literally like, you know, $50,000, $40,000 a month swing every month where instead of being negative $30 to $40, I was positive $15 to $20, right? So, you got $50,000 more a month in my pocket just because of, you know, just listing at the same time, Airbnb in it.
So, [clears throat] that's a great strategy too is that you can go out there and, uh, list properties at the same time, Airbnb them. And like I said, I, I've lived in six rent-to-owns. Um, I had a big mansion in like, uh, Addison, Illinois, like I was like a six-bedroom, seven-bathroom, like football field yard with a huge swimming pool. I decided to just move into it, right? So, I mean, you, when you, when you're doing this, you're doing finding deals, finding great deals here and there, you could find like a dream home, right? Like the home that you move into, right?
So, that's how you do rent-to-own and how you find these deals. Good ways, uh, you know, just do your normal marketing and then add this offer to your normal marketing. So, if you're marketing to, you know, distressed lists, like pre-foreclosures, tax delinquents, probates, um, you can also find a lot of potential rent-to-own deals from Zillow, uh, for rent sections. They're already raising their hand saying they want to rent it. You just have to convince them, "Hey, are you interested in, if if we rent it from you, are you also interested in, uh, selling it in a few years down the line if we agree on a price, right?" Uh, websites like furnishfinder.com has a lot of, uh, fully furnished homes that are for rent. Um, you can find deals there. Uh, Facebook Marketplace for rent, Craigslist section for rent, um, for rent.
>> [clears throat] >> Um, so, you, there's a, uh, tons of ways to find, uh, landlords. Like, you can, you can just go on, uh, like propwire.com and and for free and just type in your zip code and type in tired landlords, right? These are landlords that have probably owned the property for a long time. Maybe they want to sell it or or get me or, or rent-to-own the properties. Um, so, a lot of ways that you can find these type of deals. Um, and I would just do my normal marketing and just add, you know, if, if you've just been wholesaling and maybe just doing transactional deals where you get paid only once, um, you should just add this offer in, right? And we do rent-to-owns typically with deals that are only like move-in ready, meaning that I can just turn around and rent it out right now. I don't have to put in that much work at all. Maybe it, maybe it just needs cleaning, you know. Um, the reason being is because, um, you want to cash flow these deals as fast as possible. Um, if you have to put $40, $50, $60 grand into it and and rehab it for two, three, four months, um, and now you're negative $60 grand plus the all the monthly payments, um, you know, you're not going to break even until, you know, a few years. Maybe you won't even break even until you sell it, right? But [clears throat] we could, you still do rent-to-own deals, owner finance, sub 2 with that need a ton of work? Of course you can if you have the, you know, uh, the funds to put into the, put the rehab money into it or, uh, you want to fix it up and put the money in. Yeah, you can do that. But our model is we just do it where the property is in great condition. I can just turn around and rent it out or Airbnb it as is, maybe furnish it. Um, and that's how we negotiate with the sellers. We just kind of, you know, you know, first we got to get them interested, we got to get them, uh, to say yes to the concept, right? If they're open to the concept, then we break down the price and the terms and the numbers. And then we figure out our exit strategy. Like we need to, how to determine what your exit strategy is. You want to figure out like, kind of what I did today is go into the, you know, is it going to be, um, you know, am I going to just sell it? Am I going to do a sandwich rent to own? Am I just going to rent it out normally? And sometimes like in this situation, if I rent it out normally, I would make more than the sandwich rent to own, right? Am I going to Airbnb it? Sell it would be like, uh, you know, just list it on the market for sale with your spread. And sometimes you can do both. Um, I can do a listing and Airbnb at the same time. And we've done quite a few of those where we actually got a rent to own and had a decent spread on it, equity. And we furnished it. And, uh, we listed it for sale. And at the same time, we Airbnb'd it. So, if it didn't sell, it's still making a thousand bucks a month, two thousand bucks a month. And, uh, we weren't worried if it sold or not because all, all of our holding costs were paid through, you know, Airbnb, like all the taxes, insurance, you know, mortgage getting paid, the, the, the rent getting paid, utilities are getting paid, and plus there's profit. So, I can list it at the same time I have it on Airbnb and then that way, um, it's not vacant, right? And you're not making no money, right? So, when [clears throat] I started Airbnb, I had, uh, I had a bunch of flips, like we had like 20 flips going at the same time and we had them staged, you know, they're on the market on the MLS, um, and I just decided to do one, you know, while it's on the market for sale, Airbnb at the same time and that got all my holding costs paid for, right? And then I decided to do it to all the properties that were on the market for sale and, uh, furnished all of them, furnished all of them, and all of a sudden I went from, I think negative $30, $30 to $40 grand a month in holding costs to like positive $15, $20 grand a month, uh, profit. So, it was like literally like, you know, $50,000, $40,000 a month swing every month where instead of being negative $30 to $40, I was positive $15 to $20, right? So, you got $50,000 more a month in my pocket just because of, you know, just listing at the same time, Airbnb in it.
So, [clears throat] that's a great strategy too is that you can go out there and, uh, list properties at the same time, Airbnb them. And like I said, I, I've lived in six rent-to-owns. Um, I had a big mansion in like, uh, Addison, Illinois, like I was like a six-bedroom, seven-bathroom, like football field yard with a huge swimming pool. I decided to just move into it, right? So, I mean, you, when you, when you're doing this, you're doing finding deals, finding great deals here and there, you could find like a dream home, right? Like the home that you move into, right?
So, that's how you do rent-to-own and how you find these deals. Good ways, uh, you know, just do your normal marketing and then add this offer to your normal marketing. So, if you're marketing to, you know, distressed lists, like pre-foreclosures, tax delinquents, probates, um, you can also find a lot of potential rent-to-own deals from Zillow, uh, for rent sections. They're already raising their hand saying they want to rent it. You just have to convince them, "Hey, are you interested in, if if we rent it from you, are you also interested in, uh, selling it in a few years down the line if we agree on a price, right?" Uh, websites like furnishfinder.com has a lot of, uh, fully furnished homes that are for rent. Um, you can find deals there. Uh, Facebook Marketplace for rent, Craigslist section for rent, um, for rent.
>> [clears throat] >> Um, so, you, there's a, uh, tons of ways to find, uh, landlords. Like, you can, you can just go on, uh, like propwire.com and and for free and just type in your zip code and type in tired landlords, right? These are landlords that have probably owned the property for a long time. Maybe they want to sell it or or get me or, or rent-to-own the properties. Um, so, a lot of ways that you can find these type of deals. Um, and I would just do my normal marketing and just add, you know, if, if you've just been wholesaling and maybe just doing transactional deals where you get paid only once, um, you should just add this offer in, right? And we do rent-to-owns typically with deals that are only like move-in ready, meaning that I can just turn around and rent it out right now. I don't have to put in that much work at all. Maybe it, maybe it just needs cleaning, you know. Um, the reason being is because, um, you want to cash flow these deals as fast as possible. Um, if you have to put $40, $50, $60 grand into it and and rehab it for two, three, four months, um, and now you're negative $60 grand plus the all the monthly payments, um, you know, you're not going to break even until, you know, a few years. Maybe you won't even break even until you sell it, right? But [clears throat] we could, you still do rent-to-own deals, owner finance, sub 2 with that need a ton of work? Of course you can if you have the, you know, uh, the funds to put into the, put the rehab money into it or, uh, you want to fix it up and put the money in. Yeah, you can do that. But our model is we just do it where the property is in great condition. I can just turn around and rent it out or Airbnb it as is, maybe furnish it. Um, and that's how we negotiate with the sellers. We just kind of, you know, you know, first we got to get them interested, we got to get them, uh, to say yes to the concept, right? If they're open to the concept, then we break down the price and the terms and the numbers. And then we figure out our exit strategy. Like we need to, how to determine what your exit strategy is. You want to figure out like, kind of what I did today is go into the, you know, is it going to be, um, you know, am I going to just sell it? Am I going to do a sandwich rent to own? Am I just going to rent it out normally? And sometimes like in this situation, if I rent it out normally, I would make more than the sandwich rent to own, right? Am I going to Airbnb it? Sell it would be like, uh, you know, just list it on the market for sale with your spread. And sometimes you can do both. Um, I can do a listing and Airbnb at the same time. And we've done quite a few of those where we actually got a rent to own and had a decent spread on it, equity. And we furnished it. And, uh, we listed it for sale. And at the same time, we Airbnb'd it. So, if it didn't sell, it's still making a thousand bucks a month, two thousand bucks a month. And, uh, we weren't worried if it sold or not because all, all of our holding costs were paid through, you know, Airbnb, like all the taxes, insurance, you know, mortgage getting paid, the, the, the rent getting paid, utilities are getting paid, and plus there's profit. So, I can list it at the same time I have it on Airbnb and then that way, um, it's not vacant, right? And you're not making no money, right? So, when [clears throat] I started Airbnb, I had, uh, I had a bunch of flips, like we had like 20 flips going at the same time and we had them staged, you know, they're on the market on the MLS, um, and I just decided to do one, you know, while it's on the market for sale, Airbnb at the same time and that got all my holding costs paid for, right? And then I decided to do it to all the properties that were on the market for sale and, uh, furnished all of them, furnished all of them, and all of a sudden I went from, I think negative $30, $30 to $40 grand a month in holding costs to like positive $15, $20 grand a month, uh, profit. So, it was like literally like, you know, $50,000, $40,000 a month swing every month where instead of being negative $30 to $40, I was positive $15 to $20, right? So, you got $50,000 more a month in my pocket just because of, you know, just listing at the same time, Airbnb in it.
So, [clears throat] that's a great strategy too is that you can go out there and, uh, list properties at the same time, Airbnb them. And like I said, I, I've lived in six rent-to-owns. Um, I had a big mansion in like, uh, Addison, Illinois, like I was like a six-bedroom, seven-bathroom, like football field yard with a huge swimming pool. I decided to just move into it, right? So, I mean, you, when you, when you're doing this, you're doing finding deals, finding great deals here and there, you could find like a dream home, right? Like the home that you move into, right?
So, that's how you do rent-to-own and how you find these deals. Good ways, uh, you know, just do your normal marketing and then add this offer to your normal marketing. So, if you're marketing to, you know, distressed lists, like pre-foreclosures, tax delinquents, probates, um, you can also find a lot of potential rent-to-own deals from Zillow, uh, for rent sections. They're already raising their hand saying they want to rent it. You just have to convince them, "Hey, are you interested in, if if we rent it from you, are you also interested in, uh, selling it in a few years down the line if we agree on a price, right?" Uh, websites like furnishfinder.com has a lot of, uh, fully furnished homes that are for rent. Um, you can find deals there. Uh, Facebook Marketplace for rent, Craigslist section for rent, um, for rent.
>> [clears throat] >> Um, so, you, there's a, uh, tons of ways to find, uh, landlords. Like, you can, you can just go on, uh, like propwire.com and and for free and just type in your zip code and type in tired landlords, right? These are landlords that have probably owned the property for a long time. Maybe they want to sell it or or get me or, or rent-to-own the properties. Um, so, a lot of ways that you can find these type of deals. Um, and I would just do my normal marketing and just add, you know, if, if you've just been wholesaling and maybe just doing transactional deals where you get paid only once, um, you should just add this offer in, right? And we do rent-to-owns typically with deals that are only like move-in ready, meaning that I can just turn around and rent it out right now. I don't have to put in that much work at all. Maybe it, maybe it just needs cleaning, you know. Um, the reason being is because, um, you want to cash flow these deals as fast as possible. Um, if you have to put $40, $50, $60 grand into it and and rehab it for two, three, four months, um, and now you're negative $60 grand plus the all the monthly payments, um, you know, you're not going to break even until, you know, a few years. Maybe you won't even break even until you sell it, right? But [clears throat] we could, you still do rent-to-own deals, owner finance, sub 2 with that need a ton of work? Of course you can if you have the, you know, uh, the funds to put into the, put the rehab money into it or, uh, you want to fix it up and put the money in. Yeah, you can do that. But our model is we just do it where the property is in great condition. I can just turn around and rent it out or Airbnb it as is, maybe furnish it. Um, and that's how we negotiate with the sellers. We just kind of, you know, you know, first we got to get them interested, we got to get them, uh, to say yes to the concept, right? If they're open to the concept, then we break down the price and the terms and the numbers. And then we figure out our exit strategy. Like we need to, how to determine what your exit strategy is. You want to figure out like, kind of what I did today is go into the, you know, is it going to be, um, you know, am I going to just sell it? Am I going to do a sandwich rent to own? Am I just going to rent it out normally? And sometimes like in this situation, if I rent it out normally, I would make more than the sandwich rent to own, right? Am I going to Airbnb it? Sell it would be like, uh, you know, just list it on the market for sale with your spread. And sometimes you can do both. Um, I can do a listing and Airbnb at the same time. And we've done quite a few of those where we actually got a rent to own and had a decent spread on it, equity. And we furnished it. And, uh, we listed it for sale. And at the same time, we Airbnb'd it. So, if it didn't sell, it's still making a thousand bucks a month, two thousand bucks a month. And, uh, we weren't worried if it sold or not because all, all of our holding costs were paid through, you know, Airbnb, like all the taxes, insurance, you know, mortgage getting paid, the, the, the rent getting paid, utilities are getting paid, and plus there's profit. So, I can list it at the same time I have it on Airbnb and then that way, um, it's not vacant, right? And you're not making no money, right? So, when [clears throat] I started Airbnb, I had, uh, I had a bunch of flips, like we had like 20 flips going at the same time and we had them staged, you know, they're on the market on the MLS, um, and I just decided to do one, you know, while it's on the market for sale, Airbnb at the same time and that got all my holding costs paid for, right? And then I decided to do it to all the properties that were on the market for sale and, uh, furnished all of them, furnished all of them, and all of a sudden I went from, I think negative $30, $30 to $40 grand a month in holding costs to like positive $15, $20 grand a month, uh, profit. So, it was like literally like, you know, $50,000, $40,000 a month swing every month where instead of being negative $30 to $40, I was positive $15 to $20, right? So, you got $50,000 more a month in my pocket just because of, you know, just listing at the same time, Airbnb in it.
So, [clears throat] that's a great strategy too is that you can go out there and, uh, list properties at the same time, Airbnb them. And like I said, I, I've lived in six rent-to-owns. Um, I had a big mansion in like, uh, Addison, Illinois, like I was like a six-bedroom, seven-bathroom, like football field yard with a huge swimming pool. I decided to just move into it, right? So, I mean, you, when you, when you're doing this, you're doing finding deals, finding great deals here and there, you could find like a dream home, right? Like the home that you move into, right?
So, that's how you do rent-to-own and how you find these deals. Good ways, uh, you know, just do your normal marketing and then add this offer to your normal marketing. So, if you're marketing to, you know, distressed lists, like pre-foreclosures, tax delinquents, probates, um, you can also find a lot of potential rent-to-own deals from Zillow, uh, for rent sections. They're already raising their hand saying they want to rent it. You just have to convince them, "Hey, are you interested in, if if we rent it from you, are you also interested in, uh, selling it in a few years down the line if we agree on a price, right?" Uh, websites like furnishfinder.com has a lot of, uh, fully furnished homes that are for rent. Um, you can find deals there. Uh, Facebook Marketplace for rent, Craigslist section for rent, um, for rent.
>> [clears throat] >> Um, so, you, there's a, uh, tons of ways to find, uh, landlords. Like, you can, you can just go on, uh, like propwire.com and and for free and just type in your zip code and type in tired landlords, right? These are landlords that have probably owned the property for a long time. Maybe they want to sell it or or get me or, or rent-to-own the properties. Um, so, a lot of ways that you can find these type of deals. Um, and I would just do my normal marketing and just add, you know, if, if you've just been wholesaling and maybe just doing transactional deals where you get paid only once, um, you should just add this offer in, right? And we do rent-to-owns typically with deals that are only like move-in ready, meaning that I can just turn around and rent it out right now. I don't have to put in that much work at all. Maybe it, maybe it just needs cleaning, you know. Um, the reason being is because, um, you want to cash flow these deals as fast as possible. Um, if you have to put $40, $50, $60 grand into it and and rehab it for two, three, four months, um, and now you're negative $60 grand plus the all the monthly payments, um, you know, you're not going to break even until, you know, a few years. Maybe you won't even break even until you sell it, right? But [clears throat] we could, you still do rent-to-own deals, owner finance, sub 2 with that need a ton of work? Of course you can if you have the, you know, uh, the funds to put into the, put the rehab money into it or, uh, you want to fix it up and put the money in. Yeah, you can do that. But our model is we just do it where the property is in great condition. I can just turn around and rent it out or Airbnb it as is, maybe furnish it. Um, and that's how we negotiate with the sellers. We just kind of, you know, you know, first we got to get them interested, we got to get them, uh, to say yes to the concept, right? If they're open to the concept, then we break down the price and the terms and the numbers. And then we figure out our exit strategy. Like we need to, how to determine what your exit strategy is. You want to figure out like, kind of what I did today is go into the, you know, is it going to be, um, you know, am I going to just sell it? Am I going to do a sandwich rent to own? Am I just going to rent it out normally? And sometimes like in this situation, if I rent it out normally, I would make more than the sandwich rent to own, right? Am I going to Airbnb it? Sell it would be like, uh, you know, just list it on the market for sale with your spread. And sometimes you can do both. Um, I can do a listing and Airbnb at the same time. And we've done quite a few of those where we actually got a rent to own and had a decent spread on it, equity. And we furnished it. And, uh, we listed it for sale. And at the same time, we Airbnb'd it. So, if it didn't sell, it's still making a thousand bucks a month, two thousand bucks a month. And, uh, we weren't worried if it sold or not because all, all of our holding costs were paid through, you know, Airbnb, like all the taxes, insurance, you know, mortgage getting paid, the, the, the rent getting paid, utilities are getting paid, and plus there's profit. So, I can list it at the same time I have it on Airbnb and then that way, um, it's not vacant, right? And you're not making no money, right? So, when [clears throat] I started Airbnb, I had, uh, I had a bunch of flips, like we had like 20 flips going at the same time and we had them staged, you know, they're on the market on the MLS, um, and I just decided to do one, you know, while it's on the market for sale, Airbnb at the same time and that got all my holding costs paid for, right? And then I decided to do it to all the properties that were on the market for sale and, uh, furnished all of them, furnished all of them, and all of a sudden I went from, I think negative $30, $30 to $40 grand a month in holding costs to like positive $15, $20 grand a month, uh, profit. So, it was like literally like, you know, $50,000, $40,000 a month swing every month where instead of being negative $30 to $40, I was positive $15 to $20, right? So, you got $50,000 more a month in my pocket just because of, you know, just listing at the same time, Airbnb in it.
So, [clears throat] that's a great strategy too is that you can go out there and, uh, list properties at the same time, Airbnb them. And like I said, I, I've lived in six rent-to-owns. Um, I had a big mansion in like, uh, Addison, Illinois, like I was like a six-bedroom, seven-bathroom, like football field yard with a huge swimming pool. I decided to just move into it, right? So, I mean, you, when you, when you're doing this, you're doing finding deals, finding great deals here and there, you could find like a dream home, right? Like the home that you move into, right?
So, that's how you do rent-to-own and how you find these deals. Good ways, uh, you know, just do your normal marketing and then add this offer to your normal marketing. So, if you're marketing to, you know, distressed lists, like pre-foreclosures, tax delinquents, probates, um, you can also find a lot of potential rent-to-own deals from Zillow, uh, for rent sections. They're already raising their hand saying they want to rent it. You just have to convince them, "Hey, are you interested in, if if we rent it from you, are you also interested in, uh, selling it in a few years down the line if we agree on a price, right?" Uh, websites like furnishfinder.com has a lot of, uh, fully furnished homes that are for rent. Um, you can find deals there. Uh, Facebook Marketplace for rent, Craigslist section for rent, um, for rent.
>> [clears throat] >> Um, so, you, there's a, uh, tons of ways to find, uh, landlords. Like, you can, you can just go on, uh, like propwire.com and and for free and just type in your zip code and type in tired landlords, right? These are landlords that have probably owned the property for a long time. Maybe they want to sell it or or get me or, or rent-to-own the properties. Um, so, a lot of ways that you can find these type of deals. Um, and I would just do my normal marketing and just add, you know, if, if you've just been wholesaling and maybe just doing transactional deals where you get paid only once, um, you should just add this offer in, right? And we do rent-to-owns typically with deals that are only like move-in ready, meaning that I can just turn around and rent it out right now. I don't have to put in that much work at all. Maybe it, maybe it just needs cleaning, you know. Um, the reason being is because, um, you want to cash flow these deals as fast as possible. Um, if you have to put $40, $50, $60 grand into it and and rehab it for two, three, four months, um, and now you're negative $60 grand plus the all the monthly payments, um, you know, you're not going to break even until, you know, a few years. Maybe you won't even break even until you sell it, right? But [clears throat] we could, you still do rent-to-own deals, owner finance, sub 2 with that need a ton of work? Of course you can if you have the, you know, uh, the funds to put into the, put the rehab money into it or, uh, you want to fix it up and put the money in. Yeah, you can do that. But our model is we just do it where the property is in great condition. I can just turn around and rent it out or Airbnb it as is, maybe furnish it. Um, and that's how we negotiate with the sellers. We just kind of, you know, you know, first we got to get them interested, we got to get them, uh, to say yes to the concept, right? If they're open to the concept, then we break down the price and the terms and the numbers. And then we figure out our exit strategy. Like we need to, how to determine what your exit strategy is. You want to figure out like, kind of what I did today is go into the, you know, is it going to be, um, you know, am I going to just sell it? Am I going to do a sandwich rent to own? Am I just going to rent it out normally? And sometimes like in this situation, if I rent it out normally, I would make more than the sandwich rent to own, right? Am I going to Airbnb it? Sell it would be like, uh, you know, just list it on the market for sale with your spread. And sometimes you can do both. Um, I can do a listing and Airbnb at the same time. And we've done quite a few of those where we actually got a rent to own and had a decent spread on it, equity. And we furnished it. And, uh, we listed it for sale. And at the same time, we Airbnb'd it. So, if it didn't sell, it's still making a thousand bucks a month, two thousand bucks a month. And, uh, we weren't worried if it sold or not because all, all of our holding costs were paid through, you know, Airbnb, like all the taxes, insurance, you know, mortgage getting paid, the, the, the rent getting paid, utilities are getting paid, and plus there's profit. So, I can list it at the same time I have it on Airbnb and then that way, um, it's not vacant, right? And you're not making no money, right? So, when [clears throat] I started Airbnb, I had, uh, I had a bunch of flips, like we had like 20 flips going at the same time and we had them staged, you know, they're on the market on the MLS, um, and I just decided to do one, you know, while it's on the market for sale, Airbnb at the same time and that got all my holding costs paid for, right? And then I decided to do it to all the properties that were on the market for sale and, uh, furnished all of them, furnished all of them, and all of a sudden I went from, I think negative $30, $30 to $40 grand a month in holding costs to like positive $15, $20 grand a month, uh, profit. So, it was like literally like, you know, $50,000, $40,000 a month swing every month where instead of being negative $30 to $40, I was positive $15 to $20, right? So, you got $50,000 more a month in my pocket just because of, you know, just listing at the same time, Airbnb in it.
So, [clears throat] that's a great strategy too is that you can go out there and, uh, list properties at the same time, Airbnb them. And like I said, I, I've lived in six rent-to-owns. Um, I had a big mansion in like, uh, Addison, Illinois, like I was like a six-bedroom, seven-bathroom, like football field yard with a huge swimming pool. I decided to just move into it, right? So, I mean, you, when you, when you're doing this, you're doing finding deals, finding great deals here and there, you could find like a dream home, right? Like the home that you move into, right?
So, that's how you do rent-to-own and how you find these deals. Good ways, uh, you know, just do your normal marketing and then add this offer to your normal marketing. So, if you're marketing to, you know, distressed lists, like pre-foreclosures, tax delinquents, probates, um, you can also find a lot of potential rent-to-own deals from Zillow, uh, for rent sections. They're already raising their hand saying they want to rent it. You just have to convince them, "Hey, are you interested in, if if we rent it from you, are you also interested in, uh, selling it in a few years down the line if we agree on a price, right?" Uh, websites like furnishfinder.com has a lot of, uh, fully furnished homes that are for rent. Um, you can find deals there. Uh, Facebook Marketplace for rent, Craigslist section for rent, um, for rent.
>> [clears throat] >> Um, so, you, there's a, uh, tons of ways to find, uh, landlords. Like, you can, you can just go on, uh, like propwire.com and and for free and just type in your zip code and type in tired landlords, right? These are landlords that have probably owned the property for a long time. Maybe they want to sell it or or get me or, or rent-to-own the properties. Um, so, a lot of ways that you can find these type of deals. Um, and I would just do my normal marketing and just add, you know, if, if you've just been wholesaling and maybe just doing transactional deals where you get paid only once, um, you should just add this offer in, right? And we do rent-to-owns typically with deals that are only like move-in ready, meaning that I can just turn around and rent it out right now. I don't have to put in that much work at all. Maybe it, maybe it just needs cleaning, you know. Um, the reason being is because, um, you want to cash flow these deals as fast as possible. Um, if you have to put $40, $50, $60 grand into it and and rehab it for two, three, four months, um, and now you're negative $60 grand plus the all the monthly payments, um, you know, you're not going to break even until, you know, a few years. Maybe you won't even break even until you sell it, right? But [clears throat] we could, you still do rent-to-own deals, owner finance, sub 2 with that need a ton of work? Of course you can if you have the, you know, uh, the funds to put into the, put the rehab money into it or, uh, you want to fix it up and put the money in. Yeah, you can do that. But our model is we just do it where the property is in great condition. I can just turn around and rent it out or Airbnb it as is, maybe furnish it. Um, and that's how we negotiate with the sellers. We just kind of, you know, you know, first we got to get them interested, we got to get them, uh, to say yes to the concept, right? If they're open to the concept, then we break down the price and the terms and the numbers. And then we figure out our exit strategy. Like we need to, how to determine what your exit strategy is. You want to figure out like, kind of what I did today is go into the, you know, is it going to be, um, you know, am I going to just sell it? Am I going to do a sandwich rent to own? Am I just going to rent it out normally? And sometimes like in this situation, if I rent it out normally, I would make more than the sandwich rent to own, right? Am I going to Airbnb it? Sell it would be like, uh, you know, just list it on the market for sale with your spread. And sometimes you can do both. Um, I can do a listing and Airbnb at the same time. And we've done quite a few of those where we actually got a rent to own and had a decent spread on it, equity. And we furnished it. And, uh, we listed it for sale. And at the same time, we Airbnb'd it. So, if it didn't sell, it's still making a thousand bucks a month, two thousand bucks a month. And, uh, we weren't worried if it sold or not because all, all of our holding costs were paid through, you know, Airbnb, like all the taxes, insurance, you know, mortgage getting paid, the, the, the rent getting paid, utilities are getting paid, and plus there's profit. So, I can list it at the same time I have it on Airbnb and then that way, um, it's not vacant, right? And you're not making no money, right? So, when [clears throat] I started Airbnb, I had, uh, I had a bunch of flips, like we had like 20 flips going at the same time and we had them staged, you know, they're on the market on the MLS, um, and I just decided to do one, you know, while it's on the market for sale, Airbnb at the same time and that got all my holding costs paid for, right? And then I decided to do it to all the properties that were on the market for sale and, uh, furnished all of them, furnished all of them, and all of a sudden I went from, I think negative $30, $30 to $40 grand a month in holding costs to like positive $15, $20 grand a month, uh, profit. So, it was like literally like, you know, $50,000, $40,000 a month swing every month where instead of being negative $30 to $40, I was positive $15 to $20, right? So, you got $50,000 more a month in my pocket just because of, you know, just listing at the same time, Airbnb in it.
So, [clears throat] that's a great strategy too is that you can go out there and, uh, list properties at the same time, Airbnb them. And like I said, I, I've lived in six rent-to-owns. Um, I had a big mansion in like, uh, Addison, Illinois, like I was like a six-bedroom, seven-bathroom, like football field yard with a huge swimming pool. I decided to just move into it, right? So, I mean, you, when you, when you're doing this, you're doing finding deals, finding great deals here and there, you could find like a dream home, right? Like the home that you move into, right?
So, that's how you do rent-to-own and how you find these deals. Good ways, uh, you know, just do your normal marketing and then add this offer to your normal marketing. So, if you're marketing to, you know, distressed lists, like pre-foreclosures, tax delinquents, probates, um, you can also find a lot of potential rent-to-own deals from Zillow, uh, for rent sections. They're already raising their hand saying they want to rent it. You just have to convince them, "Hey, are you interested in, if if we rent it from you, are you also interested in, uh, selling it in a few years down the line if we agree on a price, right?" Uh, websites like furnishfinder.com has a lot of, uh, fully furnished homes that are for rent. Um, you can find deals there. Uh, Facebook Marketplace for rent, Craigslist section for rent, um, for rent.
>> [clears throat] >> Um, so, you, there's a, uh, tons of ways to find, uh, landlords. Like, you can, you can just go on, uh, like propwire.com and and for free and just type in your zip code and type in tired landlords, right? These are landlords that have probably owned the property for a long time. Maybe they want to sell it or or get me or, or rent-to-own the properties. Um, so, a lot of ways that you can find these type of deals. Um, and I would just do my normal marketing and just add, you know, if, if you've just been wholesaling and maybe just doing transactional deals where you get paid only once, um, you should just add this offer in, right? And we do rent-to-owns typically with deals that are only like move-in ready, meaning that I can just turn around and rent it out right now. I don't have to put in that much work at all. Maybe it, maybe it just needs cleaning, you know. Um, the reason being is because, um, you want to cash flow these deals as fast as possible. Um, if you have to put $40, $50, $60 grand into it and and rehab it for two, three, four months, um, and now you're negative $60 grand plus the all the monthly payments, um, you know, you're not going to break even until, you know, a few years. Maybe you won't even break even until you sell it, right? But [clears throat] we could, you still do rent-to-own deals, owner finance, sub 2 with that need a ton of work? Of course you can if you have the, you know, uh, the funds to put into the, put the rehab money into it or, uh, you want to fix it up and put the money in. Yeah, you can do that. But our model is we just do it where the property is in great condition. I can just turn around and rent it out or Airbnb it as is, maybe furnish it. Um, and that's how we negotiate with the sellers. We just kind of, you know, you know, first we got to get them interested, we got to get them, uh, to say yes to the concept, right? If they're open to the concept, then we break down the price and the terms and the numbers. And then we figure out our exit strategy. Like we need to, how to determine what your exit strategy is. You want to figure out like, kind of what I did today is go into the, you know, is it going to be, um, you know, am I going to just sell it? Am I going to do a sandwich rent to own? Am I just going to rent it out normally? And sometimes like in this situation, if I rent it out normally, I would make more than the sandwich rent to own, right? Am I going to Airbnb it? Sell it would be like, uh, you know, just list it on the market for sale with your spread. And sometimes you can do both. Um, I can do a listing and Airbnb at the same time. And we've done quite a few of those where we actually got a rent to own and had a decent spread on it, equity. And we furnished it. And, uh, we listed it for sale. And at the same time, we Airbnb'd it. So, if it didn't sell, it's still making a thousand bucks a month, two thousand bucks a month. And, uh, we weren't worried if it sold or not because all, all of our holding costs were paid through, you know, Airbnb, like all the taxes, insurance, you know, mortgage getting paid, the, the, the rent getting paid, utilities are getting paid, and plus there's profit. So, I can list it at the same time I have it on Airbnb and then that way, um, it's not vacant, right? And you're not making no money, right? So, when [clears throat] I started Airbnb, I had, uh, I had a bunch of flips, like we had like 20 flips going at the same time and we had them staged, you know, they're on the market on the MLS, um, and I just decided to do one, you know, while it's on the market for sale, Airbnb at the same time and that got all my holding costs paid for, right? And then I decided to do it to all the properties that were on the market for sale and, uh, furnished all of them, furnished all of them, and all of a sudden I went from, I think negative $30, $30 to $40 grand a month in holding costs to like positive $15, $20 grand a month, uh, profit. So, it was like literally like, you know, $50,000, $40,000 a month swing every month where instead of being negative $30 to $40, I was positive $15 to $20, right? So, you got $50,000 more a month in my pocket just because of, you know, just listing at the same time, Airbnb in it.
So, [clears throat] that's a great strategy too is that you can go out there and, uh, list properties at the same time, Airbnb them. And like I said, I, I've lived in six rent-to-owns. Um, I had a big mansion in like, uh, Addison, Illinois, like I was like a six-bedroom, seven-bathroom, like football field yard with a huge swimming pool. I decided to just move into it, right? So, I mean, you, when you, when you're doing this, you're doing finding deals, finding great deals here and there, you could find like a dream home, right? Like the home that you move into, right?
So, that's how you do rent-to-own and how you find these deals. Good ways, uh, you know, just do your normal marketing and then add this offer to your normal marketing. So, if you're marketing to, you know, distressed lists, like pre-foreclosures, tax delinquents, probates, um, you can also find a lot of potential rent-to-own deals from Zillow, uh, for rent sections. They're already raising their hand saying they want to rent it. You just have to convince them, "Hey, are you interested in, if if we rent it from you, are you also interested in, uh, selling it in a few years down the line if we agree on a price, right?" Uh, websites like furnishfinder.com has a lot of, uh, fully furnished homes that are for rent. Um, you can find deals there. Uh, Facebook Marketplace for rent, Craigslist section for rent, um, for rent.
>> [clears throat] >> Um, so, you, there's a, uh, tons of ways to find, uh, landlords. Like, you can, you can just go on, uh, like propwire.com and and for free and just type in your zip code and type in tired landlords, right? These are landlords that have probably owned the property for a long time. Maybe they want to sell it or or get me or, or rent-to-own the properties. Um, so, a lot of ways that you can find these type of deals. Um, and I would just do my normal marketing and just add, you know, if, if you've just been wholesaling and maybe just doing transactional deals where you get paid only once, um, you should just add this offer in, right? And we do rent-to-owns typically with deals that are only like move-in ready, meaning that I can just turn around and rent it out right now. I don't have to put in that much work at all. Maybe it, maybe it just needs cleaning, you know. Um, the reason being is because, um, you want to cash flow these deals as fast as possible. Um, if you have to put $40, $50, $60 grand into it and and rehab it for two, three, four months, um, and now you're negative $60 grand plus the all the monthly payments, um, you know, you're not going to break even until, you know, a few years. Maybe you won't even break even until you sell it, right? But [clears throat] we could, you still do rent-to-own deals, owner finance, sub 2 with that need a ton of work? Of course you can if you have the, you know, uh, the funds to put into the, put the rehab money into it or, uh, you want to fix it up and put the money in. Yeah, you can do that. But our model is we just do it where the property is in great condition. I can just turn around and rent it out or Airbnb it as is, maybe furnish it. Um, and that's how we negotiate with the sellers. We just kind of, you know, you know, first we got to get them interested, we got to get them, uh, to say yes to the concept, right? If they're open to the concept, then we break down the price and the terms and the numbers. And then we figure out our exit strategy. Like we need to, how to determine what your exit strategy is. You want to figure out like, kind of what I did today is go into the, you know, is it going to be, um, you know, am I going to just sell it? Am I going to do a sandwich rent to own? Am I just going to rent it out normally? And sometimes like in this situation, if I rent it out normally, I would make more than the sandwich rent to own, right? Am I going to Airbnb it? Sell it would be like, uh, you know, just list it on the market for sale with your spread. And sometimes you can do both. Um, I can do a listing and Airbnb at the same time. And we've done quite a few of those where we actually got a rent to own and had a decent spread on it, equity. And we furnished it. And, uh, we listed it for sale. And at the same time, we Airbnb'd it. So, if it didn't sell, it's still making a thousand bucks a month, two thousand bucks a month. And, uh, we weren't worried if it sold or not because all, all of our holding costs were paid through, you know, Airbnb, like all the taxes, insurance, you know, mortgage getting paid, the, the, the rent getting paid, utilities are getting paid, and plus there's profit. So, I can list it at the same time I have it on Airbnb and then that way, um, it's not vacant, right? And you're not making no money, right? So, when [clears throat] I started Airbnb, I had, uh, I had a bunch of flips, like we had like 20 flips going at the same time and we had them staged, you know, they're on the market on the MLS, um, and I just decided to do one, you know, while it's on the market for sale, Airbnb at the same time and that got all my holding costs paid for, right? And then I decided to do it to all the properties that were on the market for sale and, uh, furnished all of them, furnished all of them, and all of a sudden I went from, I think negative $30, $30 to $40 grand a month in holding costs to like positive $15, $20 grand a month, uh, profit. So, it was like literally like, you know, $50,000, $40,000 a month swing every month where instead of being negative $30 to $40, I was positive $15 to $20, right? So, you got $50,000 more a month in my pocket just because of, you know, just listing at the same time, Airbnb in it.
So, [clears throat] that's a great strategy too is that you can go out there and, uh, list properties at the same time, Airbnb them. And like I said, I, I've lived in six rent-to-owns. Um, I had a big mansion in like, uh, Addison, Illinois, like I was like a six-bedroom, seven-bathroom, like football field yard with a huge swimming pool. I decided to just move into it, right? So, I mean, you, when you, when you're doing this, you're doing finding deals, finding great deals here and there, you could find like a dream home, right? Like the home that you move into, right?
So, that's how you do rent-to-own and how you find these deals. Good ways, uh, you know, just do your normal marketing and then add this offer to your normal marketing. So, if you're marketing to, you know, distressed lists, like pre-foreclosures, tax delinquents, probates, um, you can also find a lot of potential rent-to-own deals from Zillow, uh, for rent sections. They're already raising their hand saying they want to rent it. You just have to convince them, "Hey, are you interested in, if if we rent it from you, are you also interested in, uh, selling it in a few years down the line if we agree on a price, right?" Uh, websites like furnishfinder.com has a lot of, uh, fully furnished homes that are for rent. Um, you can find deals there. Uh, Facebook Marketplace for rent, Craigslist section for rent, um, for rent.
>> [clears throat] >> Um, so, you, there's a, uh, tons of ways to find, uh, landlords. Like, you can, you can just go on, uh, like propwire.com and and for free and just type in your zip code and type in tired landlords, right? These are landlords that have probably owned the property for a long time. Maybe they want to sell it or or get me or, or rent-to-own the properties. Um, so, a lot of ways that you can find these type of deals. Um, and I would just do my normal marketing and just add, you know, if, if you've just been wholesaling and maybe just doing transactional deals where you get paid only once, um, you should just add this offer in, right? And we do rent-to-owns typically with deals that are only like move-in ready, meaning that I can just turn around and rent it out right now. I don't have to put in that much work at all. Maybe it, maybe it just needs cleaning, you know. Um, the reason being is because, um, you want to cash flow these deals as fast as possible. Um, if you have to put $40, $50, $60 grand into it and and rehab it for two, three, four months, um, and now you're negative $60 grand plus the all the monthly payments, um, you know, you're not going to break even until, you know, a few years. Maybe you won't even break even until you sell it, right? But [clears throat] we could, you still do rent-to-own deals, owner finance, sub 2 with that need a ton of work? Of course you can if you have the, you know, uh, the funds to put into the, put the rehab money into it or, uh, you want to fix it up and put the money in. Yeah, you can do that. But our model is we just do it where the property is in great condition. I can just turn around and rent it out or Airbnb it as is, maybe furnish it. Um, and that's how we negotiate with the sellers. We just kind of, you know, you know, first we got to get them interested, we got to get them, uh, to say yes to the concept, right? If they're open to the concept, then we break down the price and the terms and the numbers. And then we figure out our exit strategy. Like we need to, how to determine what your exit strategy is. You want to figure out like, kind of what I did today is go into the, you know, is it going to be, um, you know, am I going to just sell it? Am I going to do a sandwich rent to own? Am I just going to rent it out normally? And sometimes like in this situation, if I rent it out normally, I would make more than the sandwich rent to own, right? Am I going to Airbnb it? Sell it would be like, uh, you know, just list it on the market for sale with your spread. And sometimes you can do both. Um, I can do a listing and Airbnb at the same time. And we've done quite a few of those where we actually got a rent to own and had a decent spread on it, equity. And we furnished it. And, uh, we listed it for sale. And at the same time, we Airbnb'd it. So, if it didn't sell, it's still making a thousand bucks a month, two thousand bucks a month. And, uh, we weren't worried if it sold or not because all, all of our holding costs were paid through, you know, Airbnb, like all the taxes, insurance, you know, mortgage getting paid, the, the, the rent getting paid, utilities are getting paid, and plus there's profit. So, I can list it at the same time I have it on Airbnb and then that way, um, it's not vacant, right? And you're not making no money, right? So, when [clears throat] I started Airbnb, I had, uh, I had a bunch of flips, like we had like 20 flips going at the same time and we had them staged, you know, they're on the market on the MLS, um, and I just decided to do one, you know, while it's on the market for sale, Airbnb at the same time and that got all my holding costs paid for, right? And then I decided to do it to all the properties that were on the market for sale and, uh, furnished all of them, furnished all of them, and all of a sudden I went from, I think negative $30, $30 to $40 grand a month in holding costs to like positive $15, $20 grand a month, uh, profit. So, it was like literally like, you know, $50,000, $40,000 a month swing every month where instead of being negative $30 to $40, I was positive $15 to $20, right? So, you got $50,000 more a month in my pocket just because of, you know, just listing at the same time, Airbnb in it.
So, [clears throat] that's a great strategy too is that you can go out there and, uh, list properties at the same time, Airbnb them. And like I said, I, I've lived in six rent-to-owns. Um, I had a big mansion in like, uh, Addison, Illinois, like I was like a six-bedroom, seven-bathroom, like football field yard with a huge swimming pool. I decided to just move into it, right? So, I mean, you, when you, when you're doing this, you're doing finding deals, finding great deals here and there, you could find like a dream home, right? Like the home that you move into, right?
So, that's how you do rent-to-own and how you find these deals. Good ways, uh, you know, just do your normal marketing and then add this offer to your normal marketing. So, if you're marketing to, you know, distressed lists, like pre-foreclosures, tax delinquents, probates, um, you can also find a lot of potential rent-to-own deals from Zillow, uh, for rent sections. They're already raising their hand saying they want to rent it. You just have to convince them, "Hey, are you interested in, if if we rent it from you, are you also interested in, uh, selling it in a few years down the line if we agree on a price, right?" Uh, websites like furnishfinder.com has a lot of, uh, fully furnished homes that are for rent. Um, you can find deals there. Uh, Facebook Marketplace for rent, Craigslist section for rent, um, for rent.
>> [clears throat] >> Um, so, you, there's a, uh, tons of ways to find, uh, landlords. Like, you can, you can just go on, uh, like propwire.com and and for free and just type in your zip code and type in tired landlords, right? These are landlords that have probably owned the property for a long time. Maybe they want to sell it or or get me or, or rent-to-own the properties. Um, so, a lot of ways that you can find these type of deals. Um, and I would just do my normal marketing and just add, you know, if, if you've just been wholesaling and maybe just doing transactional deals where you get paid only once, um, you should just add this offer in, right? And we do rent-to-owns typically with deals that are only like move-in ready, meaning that I can just turn around and rent it out right now. I don't have to put in that much work at all. Maybe it, maybe it just needs cleaning, you know. Um, the reason being is because, um, you want to cash flow these deals as fast as possible. Um, if you have to put $40, $50, $60 grand into it and and rehab it for two, three, four months, um, and now you're negative $60 grand plus the all the monthly payments, um, you know, you're not going to break even until, you know, a few years. Maybe you won't even break even until you sell it, right? But [clears throat] we could, you still do rent-to-own deals, owner finance, sub 2 with that need a ton of work? Of course you can if you have the, you know, uh, the funds to put into the, put the rehab money into it or, uh, you want to fix it up and put the money in. Yeah, you can do that. But our model is we just do it where the property is in great condition. I can just turn around and rent it out or Airbnb it as is, maybe furnish it. Um, and that's how we negotiate with the sellers. We just kind of, you know, you know, first we got to get them interested, we got to get them, uh, to say yes to the concept, right? If they're open to the concept, then we break down the price and the terms and the numbers. And then we figure out our exit strategy. Like we need to, how to determine what your exit strategy is. You want to figure out like, kind of what I did today is go into the, you know, is it going to be, um, you know, am I going to just sell it? Am I going to do a sandwich rent to own? Am I just going to rent it out normally? And sometimes like in this situation, if I rent it out normally, I would make more than the sandwich rent to own, right? Am I going to Airbnb it? Sell it would be like, uh, you know, just list it on the market for sale with your spread. And sometimes you can do both. Um, I can do a listing and Airbnb at the same time. And we've done quite a few of those where we actually got a rent to own and had a decent spread on it, equity. And we furnished it. And, uh, we listed it for sale. And at the same time, we Airbnb'd it. So, if it didn't sell, it's still making a thousand bucks a month, two thousand bucks a month. And, uh, we weren't worried if it sold or not because all, all of our holding costs were paid through, you know, Airbnb, like all the taxes, insurance, you know, mortgage getting paid, the, the, the rent getting paid, utilities are getting paid, and plus there's profit. So, I can list it at the same time I have it on Airbnb and then that way, um, it's not vacant, right? And you're not making no money, right? So, when [clears throat] I started Airbnb, I had, uh, I had a bunch of flips, like we had like 20 flips going at the same time and we had them staged, you know, they're on the market on the MLS, um, and I just decided to do one, you know, while it's on the market for sale, Airbnb at the same time and that got all my holding costs paid for, right? And then I decided to do it to all the properties that were on the market for sale and, uh, furnished all of them, furnished all of them, and all of a sudden I went from, I think negative $30, $30 to $40 grand a month in holding costs to like positive $15, $20 grand a month, uh, profit. So, it was like literally like, you know, $50,000, $40,000 a month swing every month where instead of being negative $30 to $40, I was positive $15 to $20, right? So, you got $50,000 more a month in my pocket just because of, you know, just listing at the same time, Airbnb in it.
So, [clears throat] that's a great strategy too is that you can go out there and, uh, list properties at the same time, Airbnb them. And like I said, I, I've lived in six rent-to-owns. Um, I had a big mansion in like, uh, Addison, Illinois, like I was like a six-bedroom, seven-bathroom, like football field yard with a huge swimming pool. I decided to just move into it, right? So, I mean, you, when you, when you're doing this, you're doing finding deals, finding great deals here and there, you could find like a dream home, right? Like the home that you move into, right?
So, that's how you do rent-to-own and how you find these deals. Good ways, uh, you know, just do your normal marketing and then add this offer to your normal marketing. So, if you're marketing to, you know, distressed lists, like pre-foreclosures, tax delinquents, probates, um, you can also find a lot of potential rent-to-own deals from Zillow, uh, for rent sections. They're already raising their hand saying they want to rent it. You just have to convince them, "Hey, are you interested in, if if we rent it from you, are you also interested in, uh, selling it in a few years down the line if we agree on a price, right?" Uh, websites like furnishfinder.com has a lot of, uh, fully furnished homes that are for rent. Um, you can find deals there. Uh, Facebook Marketplace for rent, Craigslist section for rent, um, for rent.
>> [clears throat] >> Um, so, you, there's a, uh, tons of ways to find, uh, landlords. Like, you can, you can just go on, uh, like propwire.com and and for free and just type in your zip code and type in tired landlords, right? These are landlords that have probably owned the property for a long time. Maybe they want to sell it or or get me or, or rent-to-own the properties. Um, so, a lot of ways that you can find these type of deals. Um, and I would just do my normal marketing and just add, you know, if, if you've just been wholesaling and maybe just doing transactional deals where you get paid only once, um, you should just add this offer in, right? And we do rent-to-owns typically with deals that are only like move-in ready, meaning that I can just turn around and rent it out right now. I don't have to put in that much work at all. Maybe it, maybe it just needs cleaning, you know. Um, the reason being is because, um, you want to cash flow these deals as fast as possible. Um, if you have to put $40, $50, $60 grand into it and and rehab it for two, three, four months, um, and now you're negative $60 grand plus the all the monthly payments, um, you know, you're not going to break even until, you know, a few years. Maybe you won't even break even until you sell it, right? But [clears throat] we could, you still do rent-to-own deals, owner finance, sub 2 with that need a ton of work? Of course you can if you have the, you know, uh, the funds to put into the, put the rehab money into it or, uh, you want to fix it up and put the money in. Yeah, you can do that. But our model is we just do it where the property is in great condition. I can just turn around and rent it out or Airbnb it as is, maybe furnish it. Um, and that's how we negotiate with the sellers. We just kind of, you know, you know, first we got to get them interested, we got to get them, uh, to say yes to the concept, right? If they're open to the concept, then we break down the price and the terms and the numbers. And then we figure out our exit strategy. Like we need to, how to determine what your exit strategy is. You want to figure out like, kind of what I did today is go into the, you know, is it going to be, um, you know, am I going to just sell it? Am I going to do a sandwich rent to own? Am I just going to rent it out normally? And sometimes like in this situation, if I rent it out normally, I would make more than the sandwich rent to own, right? Am I going to Airbnb it? Sell it would be like, uh, you know, just list it on the market for sale with your spread. And sometimes you can do both. Um, I can do a listing and Airbnb at the same time. And we've done quite a few of those where we actually got a rent to own and had a decent spread on it, equity. And we furnished it. And, uh, we listed it for sale. And at the same time, we Airbnb'd it. So, if it didn't sell, it's still making a thousand bucks a month, two thousand bucks a month. And, uh, we weren't worried if it sold or not because all, all of our holding costs were paid through, you know, Airbnb, like all the taxes, insurance, you know, mortgage getting paid, the, the, the rent getting paid, utilities are getting paid, and plus there's profit. So, I can list it at the same time I have it on Airbnb and then that way, um, it's not vacant, right? And you're not making no money, right? So, when [clears throat] I started Airbnb, I had, uh, I had a bunch of flips, like we had like 20 flips going at the same time and we had them staged, you know, they're on the market on the MLS, um, and I just decided to do one, you know, while it's on the market for sale, Airbnb at the same time and that got all my holding costs paid for, right? And then I decided to do it to all the properties that were on the market for sale and, uh, furnished all of them, furnished all of them, and all of a sudden I went from, I think negative $30, $30 to $40 grand a month in holding costs to like positive $15, $20 grand a month, uh, profit. So, it was like literally like, you know, $50,000, $40,000 a month swing every month where instead of being negative $30 to $40, I was positive $15 to $20, right? So, you got $50,000 more a month in my pocket just because of, you know, just listing at the same time, Airbnb in it.
So, [clears throat] that's a great strategy too is that you can go out there and, uh, list properties at the same time, Airbnb them. And like I said, I, I've lived in six rent-to-owns. Um, I had a big mansion in like, uh, Addison, Illinois, like I was like a six-bedroom, seven-bathroom, like football field yard with a huge swimming pool. I decided to just move into it, right? So, I mean, you, when you, when you're doing this, you're doing finding deals, finding great deals here and there, you could find like a dream home, right? Like the home that you move into, right?
So, that's how you do rent-to-own and how you find these deals. Good ways, uh, you know, just do your normal marketing and then add this offer to your normal marketing. So, if you're marketing to, you know, distressed lists, like pre-foreclosures, tax delinquents, probates, um, you can also find a lot of potential rent-to-own deals from Zillow, uh, for rent sections. They're already raising their hand saying they want to rent it. You just have to convince them, "Hey, are you interested in, if if we rent it from you, are you also interested in, uh, selling it in a few years down the line if we agree on a price, right?" Uh, websites like furnishfinder.com has a lot of, uh, fully furnished homes that are for rent. Um, you can find deals there. Uh, Facebook Marketplace for rent, Craigslist section for rent, um, for rent.
>> [clears throat] >> Um, so, you, there's a, uh, tons of ways to find, uh, landlords. Like, you can, you can just go on, uh, like propwire.com and and for free and just type in your zip code and type in tired landlords, right? These are landlords that have probably owned the property for a long time. Maybe they want to sell it or or get me or, or rent-to-own the properties. Um, so, a lot of ways that you can find these type of deals. Um, and I would just do my normal marketing and just add, you know, if, if you've just been wholesaling and maybe just doing transactional deals where you get paid only once, um, you should just add this offer in, right? And we do rent-to-owns typically with deals that are only like move-in ready, meaning that I can just turn around and rent it out right now. I don't have to put in that much work at all. Maybe it, maybe it just needs cleaning, you know. Um, the reason being is because, um, you want to cash flow these deals as fast as possible. Um, if you have to put $40, $50, $60 grand into it and and rehab it for two, three, four months, um, and now you're negative $60 grand plus the all the monthly payments, um, you know, you're not going to break even until, you know, a few years. Maybe you won't even break even until you sell it, right? But [clears throat] we could, you still do rent-to-own deals, owner finance, sub 2 with that need a ton of work? Of course you can if you have the, you know, uh, the funds to put into the, put the rehab money into it or, uh, you want to fix it up and put the money in. Yeah, you can do that. But our model is we just do it where the property is in great condition. I can just turn around and rent it out or Airbnb it as is, maybe furnish it. Um, and that's how we negotiate with the sellers. We just kind of, you know, you know, first we got to get them interested, we got to get them, uh, to say yes to the concept, right? If they're open to the concept, then we break down the price and the terms and the numbers. And then we figure out our exit strategy. Like we need to, how to determine what your exit strategy is. You want to figure out like, kind of what I did today is go into the, you know, is it going to be, um, you know, am I going to just sell it? Am I going to do a sandwich rent to own? Am I just going to rent it out normally? And sometimes like in this situation, if I rent it out normally, I would make more than the sandwich rent to own, right? Am I going to Airbnb it? Sell it would be like, uh, you know, just list it on the market for sale with your spread. And sometimes you can do both. Um, I can do a listing and Airbnb at the same time. And we've done quite a few of those where we actually got a rent to own and had a decent spread on it, equity. And we furnished it. And, uh, we listed it for sale. And at the same time, we Airbnb'd it. So, if it didn't sell, it's still making a thousand bucks a month, two thousand bucks a month. And, uh, we weren't worried if it sold or not because all, all of our holding costs were paid through, you know, Airbnb, like all the taxes, insurance, you know, mortgage getting paid, the, the, the rent getting paid, utilities are getting paid, and plus there's profit. So, I can list it at the same time I have it on Airbnb and then that way, um, it's not vacant, right? And you're not making no money, right? So, when [clears throat] I started Airbnb, I had, uh, I had a bunch of flips, like we had like 20 flips going at the same time and we had them staged, you know, they're on the market on the MLS, um, and I just decided to do one, you know, while it's on the market for sale, Airbnb at the same time and that got all my holding costs paid for, right? And then I decided to do it to all the properties that were on the market for sale and, uh, furnished all of them, furnished all of them, and all of a sudden I went from, I think negative $30, $30 to $40 grand a month in holding costs to like positive $15, $20 grand a month, uh, profit. So, it was like literally like, you know, $50,000, $40,000 a month swing every month where instead of being negative $30 to $40, I was positive $15 to $20, right? So, you got $50,000 more a month in my pocket just because of, you know, just listing at the same time, Airbnb in it.
So, [clears throat] that's a great strategy too is that you can go out there and, uh, list properties at the same time, Airbnb them. And like I said, I, I've lived in six rent-to-owns. Um, I had a big mansion in like, uh, Addison, Illinois, like I was like a six-bedroom, seven-bathroom, like football field yard with a huge swimming pool. I decided to just move into it, right? So, I mean, you, when you, when you're doing this, you're doing finding deals, finding great deals here and there, you could find like a dream home, right? Like the home that you move into, right?
So, that's how you do rent-to-own and how you find these deals. Good ways, uh, you know, just do your normal marketing and then add this offer to your normal marketing. So, if you're marketing to, you know, distressed lists, like pre-foreclosures, tax delinquents, probates, um, you can also find a lot of potential rent-to-own deals from Zillow, uh, for rent sections. They're already raising their hand saying they want to rent it. You just have to convince them, "Hey, are you interested in, if if we rent it from you, are you also interested in, uh, selling it in a few years down the line if we agree on a price, right?" Uh, websites like furnishfinder.com has a lot of, uh, fully furnished homes that are for rent. Um, you can find deals there. Uh, Facebook Marketplace for rent, Craigslist section for rent, um, for rent.
>> [clears throat] >> Um, so, you, there's a, uh, tons of ways to find, uh, landlords. Like, you can, you can just go on, uh, like propwire.com and and for free and just type in your zip code and type in tired landlords, right? These are landlords that have probably owned the property for a long time. Maybe they want to sell it or or get me or, or rent-to-own the properties. Um, so, a lot of ways that you can find these type of deals. Um, and I would just do my normal marketing and just add, you know, if, if you've just been wholesaling and maybe just doing transactional deals where you get paid only once, um, you should just add this offer in, right? And we do rent-to-owns typically with deals that are only like move-in ready, meaning that I can just turn around and rent it out right now. I don't have to put in that much work at all. Maybe it, maybe it just needs cleaning, you know. Um, the reason being is because, um, you want to cash flow these deals as fast as possible. Um, if you have to put $40, $50, $60 grand into it and and rehab it for two, three, four months, um, and now you're negative $60 grand plus the all the monthly payments, um, you know, you're not going to break even until, you know, a few years. Maybe you won't even break even until you sell it, right? But [clears throat] we could, you still do rent-to-own deals, owner finance, sub 2 with that need a ton of work? Of course you can if you have the, you know, uh, the funds to put into the, put the rehab money into it or, uh, you want to fix it up and put the money in. Yeah, you can do that. But our model is we just do it where the property is in great condition. I can just turn around and rent it out or Airbnb it as is, maybe furnish it. Um, and that's how we negotiate with the sellers. We just kind of, you know, you know, first we got to get them interested, we got to get them, uh, to say yes to the concept, right? If they're open to the concept, then we break down the price and the terms and the numbers. And then we figure out our exit strategy. Like we need to, how to determine what your exit strategy is. You want to figure out like, kind of what I did today is go into the, you know, is it going to be, um, you know, am I going to just sell it? Am I going to do a sandwich rent to own? Am I just going to rent it out normally? And sometimes like in this situation, if I rent it out normally, I would make more than the sandwich rent to own, right? Am I going to Airbnb it? Sell it would be like, uh, you know, just list it on the market for sale with your spread. And sometimes you can do both. Um, I can do a listing and Airbnb at the same time. And we've done quite a few of those where we actually got a rent to own and had a decent spread on it, equity. And we furnished it. And, uh, we listed it for sale. And at the same time, we Airbnb'd it. So, if it didn't sell, it's still making a thousand bucks a month, two thousand bucks a month. And, uh, we weren't worried if it sold or not because all, all of our holding costs were paid through, you know, Airbnb, like all the taxes, insurance, you know, mortgage getting paid, the, the, the rent getting paid, utilities are getting paid, and plus there's profit. So, I can list it at the same time I have it on Airbnb and then that way, um, it's not vacant, right? And you're not making no money, right? So, when [clears throat] I started Airbnb, I had, uh, I had a bunch of flips, like we had like 20 flips going at the same time and we had them staged, you know, they're on the market on the MLS, um, and I just decided to do one, you know, while it's on the market for sale, Airbnb at the same time and that got all my holding costs paid for, right? And then I decided to do it to all the properties that were on the market for sale and, uh, furnished all of them, furnished all of them, and all of a sudden I went from, I think negative $30, $30 to $40 grand a month in holding costs to like positive $15, $20 grand a month, uh, profit. So, it was like literally like, you know, $50,000, $40,000 a month swing every month where instead of being negative $30 to $40, I was positive $15 to $20, right? So, you got $50,000 more a month in my pocket just because of, you know, just listing at the same time, Airbnb in it.
So, [clears throat] that's a great strategy too is that you can go out there and, uh, list properties at the same time, Airbnb them. And like I said, I, I've lived in six rent-to-owns. Um, I had a big mansion in like, uh, Addison, Illinois, like I was like a six-bedroom, seven-bathroom, like football field yard with a huge swimming pool. I decided to just move into it, right? So, I mean, you, when you, when you're doing this, you're doing finding deals, finding great deals here and there, you could find like a dream home, right? Like the home that you move into, right?
So, that's how you do rent-to-own and how you find these deals. Good ways, uh, you know, just do your normal marketing and then add this offer to your normal marketing. So, if you're marketing to, you know, distressed lists, like pre-foreclosures, tax delinquents, probates, um, you can also find a lot of potential rent-to-own deals from Zillow, uh, for rent sections. They're already raising their hand saying they want to rent it. You just have to convince them, "Hey, are you interested in, if if we rent it from you, are you also interested in, uh, selling it in a few years down the line if we agree on a price, right?" Uh, websites like furnishfinder.com has a lot of, uh, fully furnished homes that are for rent. Um, you can find deals there. Uh, Facebook Marketplace for rent, Craigslist section for rent, um, for rent.
>> [clears throat] >> Um, so, you, there's a, uh, tons of ways to find, uh, landlords. Like, you can, you can just go on, uh, like propwire.com and and for free and just type in your zip code and type in tired landlords, right? These are landlords that have probably owned the property for a long time. Maybe they want to sell it or or get me or, or rent-to-own the properties. Um, so, a lot of ways that you can find these type of deals. Um, and I would just do my normal marketing and just add, you know, if, if you've just been wholesaling and maybe just doing transactional deals where you get paid only once, um, you should just add this offer in, right? And we do rent-to-owns typically with deals that are only like move-in ready, meaning that I can just turn around and rent it out right now. I don't have to put in that much work at all. Maybe it, maybe it just needs cleaning, you know. Um, the reason being is because, um, you want to cash flow these deals as fast as possible. Um, if you have to put $40, $50, $60 grand into it and and rehab it for two, three, four months, um, and now you're negative $60 grand plus the all the monthly payments, um, you know, you're not going to break even until, you know, a few years. Maybe you won't even break even until you sell it, right? But [clears throat] we could, you still do rent-to-own deals, owner finance, sub 2 with that need a ton of work? Of course you can if you have the, you know, uh, the funds to put into the, put the rehab money into it or, uh, you want to fix it up and put the money in. Yeah, you can do that. But our model is we just do it where the property is in great condition. I can just turn around and rent it out or Airbnb it as is, maybe furnish it. Um, and that's how we negotiate with the sellers. We just kind of, you know, you know, first we got to get them interested, we got to get them, uh, to say yes to the concept, right? If they're open to the concept, then we break down the price and the terms and the numbers. And then we figure out our exit strategy. Like we need to, how to determine what your exit strategy is. You want to figure out like, kind of what I did today is go into the, you know, is it going to be, um, you know, am I going to just sell it? Am I going to do a sandwich rent to own? Am I just going to rent it out normally? And sometimes like in this situation, if I rent it out normally, I would make more than the sandwich rent to own, right? Am I going to Airbnb it? Sell it would be like, uh, you know, just list it on the market for sale with your spread. And sometimes you can do both. Um, I can do a listing and Airbnb at the same time. And we've done quite a few of those where we actually got a rent to own and had a decent spread on it, equity. And we furnished it. And, uh, we listed it for sale. And at the same time, we Airbnb'd it. So, if it didn't sell, it's still making a thousand bucks a month, two thousand bucks a month. And, uh, we weren't worried if it sold or not because all, all of our holding costs were paid through, you know, Airbnb, like all the taxes, insurance, you know, mortgage getting paid, the, the, the rent getting paid, utilities are getting paid, and plus there's profit. So, I can list it at the same time I have it on Airbnb and then that way, um, it's not vacant, right? And you're not making no money, right? So, when [clears throat] I started Airbnb, I had, uh, I had a bunch of flips, like we had like 20 flips going at the same time and we had them staged, you know, they're on the market on the MLS, um, and I just decided to do one, you know, while it's on the market for sale, Airbnb at the same time and that got all my holding costs paid for, right? And then I decided to do it to all the properties that were on the market for sale and, uh, furnished all of them, furnished all of them, and all of a sudden I went from, I think negative $30, $30 to $40 grand a month in holding costs to like positive $15, $20 grand a month, uh, profit. So, it was like literally like, you know, $50,000, $40,000 a month swing every month where instead of being negative $30 to $40, I was positive $15 to $20, right? So, you got $50,000 more a month in my pocket just because of, you know, just listing at the same time, Airbnb in it.
So, [clears throat] that's a great strategy too is that you can go out there and, uh, list properties at the same time, Airbnb them. And like I said, I, I've lived in six rent-to-owns. Um, I had a big mansion in like, uh, Addison, Illinois, like I was like a six-bedroom, seven-bathroom, like football field yard with a huge swimming pool. I decided to just move into it, right? So, I mean, you, when you, when you're doing this, you're doing finding deals, finding great deals here and there, you could find like a dream home, right? Like the home that you move into, right?
So, that's how you do rent-to-own and how you find these deals. Good ways, uh, you know, just do your normal marketing and then add this offer to your normal marketing. So, if you're marketing to, you know, distressed lists, like pre-foreclosures, tax delinquents, probates, um, you can also find a lot of potential rent-to-own deals from Zillow, uh, for rent sections. They're already raising their hand saying they want to rent it. You just have to convince them, "Hey, are you interested in, if if we rent it from you, are you also interested in, uh, selling it in a few years down the line if we agree on a price, right?" Uh, websites like furnishfinder.com has a lot of, uh, fully furnished homes that are for rent. Um, you can find deals there. Uh, Facebook Marketplace for rent, Craigslist section for rent, um, for rent.
>> [clears throat] >> Um, so, you, there's a, uh, tons of ways to find, uh, landlords. Like, you can, you can just go on, uh, like propwire.com and and for free and just type in your zip code and type in tired landlords, right? These are landlords that have probably owned the property for a long time. Maybe they want to sell it or or get me or, or rent-to-own the properties. Um, so, a lot of ways that you can find these type of deals. Um, and I would just do my normal marketing and just add, you know, if, if you've just been wholesaling and maybe just doing transactional deals where you get paid only once, um, you should just add this offer in, right? And we do rent-to-owns typically with deals that are only like move-in ready, meaning that I can just turn around and rent it out right now. I don't have to put in that much work at all. Maybe it, maybe it just needs cleaning, you know. Um, the reason being is because, um, you want to cash flow these deals as fast as possible. Um, if you have to put $40, $50, $60 grand into it and and rehab it for two, three, four months, um, and now you're negative $60 grand plus the all the monthly payments, um, you know, you're not going to break even until, you know, a few years. Maybe you won't even break even until you sell it, right? But [clears throat] we could, you still do rent-to-own deals, owner finance, sub 2 with that need a ton of work? Of course you can if you have the, you know, uh, the funds to put into the, put the rehab money into it or, uh, you want to fix it up and put the money in. Yeah, you can do that. But our model is we just do it where the property is in great condition. I can just turn around and rent it out or Airbnb it as is, maybe furnish it. Um, and that's how we negotiate with the sellers. We just kind of, you know, you know, first we got to get them interested, we got to get them, uh, to say yes to the concept, right? If they're open to the concept, then we break down the price and the terms and the numbers. And then we figure out our exit strategy. Like we need to, how to determine what your exit strategy is. You want to figure out like, kind of what I did today is go into the, you know, is it going to be, um, you know, am I going to just sell it? Am I going to do a sandwich rent to own? Am I just going to rent it out normally? And sometimes like in this situation, if I rent it out normally, I would make more than the sandwich rent to own, right? Am I going to Airbnb it? Sell it would be like, uh, you know, just list it on the market for sale with your spread. And sometimes you can do both. Um, I can do a listing and Airbnb at the same time. And we've done quite a few of those where we actually got a rent to own and had a decent spread on it, equity. And we furnished it. And, uh, we listed it for sale. And at the same time, we Airbnb'd it. So, if it didn't sell, it's still making a thousand bucks a month, two thousand bucks a month. And, uh, we weren't worried if it sold or not because all, all of our holding costs were paid through, you know, Airbnb, like all the taxes, insurance, you know, mortgage getting paid, the, the, the rent getting paid, utilities are getting paid, and plus there's profit. So, I can list it at the same time I have it on Airbnb and then that way, um, it's not vacant, right? And you're not making no money, right? So, when [clears throat] I started Airbnb, I had, uh, I had a bunch of flips, like we had like 20 flips going at the same time and we had them staged, you know, they're on the market on the MLS, um, and I just decided to do one, you know, while it's on the market for sale, Airbnb at the same time and that got all my holding costs paid for, right? And then I decided to do it to all the properties that were on the market for sale and, uh, furnished all of them, furnished all of them, and all of a sudden I went from, I think negative $30, $30 to $40 grand a month in holding costs to like positive $15, $20 grand a month, uh, profit. So, it was like literally like, you know, $50,000, $40,000 a month swing every month where instead of being negative $30 to $40, I was positive $15 to $20, right? So, you got $50,000 more a month in my pocket just because of, you know, just listing at the same time, Airbnb in it.
So, [clears throat] that's a great strategy too is that you can go out there and, uh, list properties at the same time, Airbnb them. And like I said, I, I've lived in six rent-to-owns. Um, I had a big mansion in like, uh, Addison, Illinois, like I was like a six-bedroom, seven-bathroom, like football field yard with a huge swimming pool. I decided to just move into it, right? So, I mean, you, when you, when you're doing this, you're doing finding deals, finding great deals here and there, you could find like a dream home, right? Like the home that you move into, right?
So, that's how you do rent-to-own and how you find these deals. Good ways, uh, you know, just do your normal marketing and then add this offer to your normal marketing. So, if you're marketing to, you know, distressed lists, like pre-foreclosures, tax delinquents, probates, um, you can also find a lot of potential rent-to-own deals from Zillow, uh, for rent sections. They're already raising their hand saying they want to rent it. You just have to convince them, "Hey, are you interested in, if if we rent it from you, are you also interested in, uh, selling it in a few years down the line if we agree on a price, right?" Uh, websites like furnishfinder.com has a lot of, uh, fully furnished homes that are for rent. Um, you can find deals there. Uh, Facebook Marketplace for rent, Craigslist section for rent, um, for rent.
>> [clears throat] >> Um, so, you, there's a, uh, tons of ways to find, uh, landlords. Like, you can, you can just go on, uh, like propwire.com and and for free and just type in your zip code and type in tired landlords, right? These are landlords that have probably owned the property for a long time. Maybe they want to sell it or or get me or, or rent-to-own the properties. Um, so, a lot of ways that you can find these type of deals. Um, and I would just do my normal marketing and just add, you know, if, if you've just been wholesaling and maybe just doing transactional deals where you get paid only once, um, you should just add this offer in, right? And we do rent-to-owns typically with deals that are only like move-in ready, meaning that I can just turn around and rent it out right now. I don't have to put in that much work at all. Maybe it, maybe it just needs cleaning, you know. Um, the reason being is because, um, you want to cash flow these deals as fast as possible. Um, if you have to put $40, $50, $60 grand into it and and rehab it for two, three, four months, um, and now you're negative $60 grand plus the all the monthly payments, um, you know, you're not going to break even until, you know, a few years. Maybe you won't even break even until you sell it, right? But [clears throat] we could, you still do rent-to-own deals, owner finance, sub 2 with that need a ton of work? Of course you can if you have the, you know, uh, the funds to put into the, put the rehab money into it or, uh, you want to fix it up and put the money in. Yeah, you can do that. But our model is we just do it where the property is in great condition. I can just turn around and rent it out or Airbnb it as is, maybe furnish it. Um, and that's how we negotiate with the sellers. We just kind of, you know, you know, first we got to get them interested, we got to get them, uh, to say yes to the concept, right? If they're open to the concept, then we break down the price and the terms and the numbers. And then we figure out our exit strategy. Like we need to, how to determine what your exit strategy is. You want to figure out like, kind of what I did today is go into the, you know, is it going to be, um, you know, am I going to just sell it? Am I going to do a sandwich rent to own? Am I just going to rent it out normally? And sometimes like in this situation, if I rent it out normally, I would make more than the sandwich rent to own, right? Am I going to Airbnb it? Sell it would be like, uh, you know, just list it on the market for sale with your spread. And sometimes you can do both. Um, I can do a listing and Airbnb at the same time. And we've done quite a few of those where we actually got a rent to own and had a decent spread on it, equity. And we furnished it. And, uh, we listed it for sale. And at the same time, we Airbnb'd it. So, if it didn't sell, it's still making a thousand bucks a month, two thousand bucks a month. And, uh, we weren't worried if it sold or not because all, all of our holding costs were paid through, you know, Airbnb, like all the taxes, insurance, you know, mortgage getting paid, the, the, the rent getting paid, utilities are getting paid, and plus there's profit. So, I can list it at the same time I have it on Airbnb and then that way, um, it's not vacant, right? And you're not making no money, right? So, when [clears throat] I started Airbnb, I had, uh, I had a bunch of flips, like we had like 20 flips going at the same time and we had them staged, you know, they're on the market on the MLS, um, and I just decided to do one, you know, while it's on the market for sale, Airbnb at the same time and that got all my holding costs paid for, right? And then I decided to do it to all the properties that were on the market for sale and, uh, furnished all of them, furnished all of them, and all of a sudden I went from, I think negative $30, $30 to $40 grand a month in holding costs to like positive $15, $20 grand a month, uh, profit. So, it was like literally like, you know, $50,000, $40,000 a month swing every month where instead of being negative $30 to $40, I was positive $15 to $20, right? So, you got $50,000 more a month in my pocket just because of, you know, just listing at the same time, Airbnb in it.
So, [clears throat] that's a great strategy too is that you can go out there and, uh, list properties at the same time, Airbnb them. And like I said, I, I've lived in six rent-to-owns. Um, I had a big mansion in like, uh, Addison, Illinois, like I was like a six-bedroom, seven-bathroom, like football field yard with a huge swimming pool. I decided to just move into it, right? So, I mean, you, when you, when you're doing this, you're doing finding deals, finding great deals here and there, you could find like a dream home, right? Like the home that you move into, right?
So, that's how you do rent-to-own and how you find these deals. Good ways, uh, you know, just do your normal marketing and then add this offer to your normal marketing. So, if you're marketing to, you know, distressed lists, like pre-foreclosures, tax delinquents, probates, um, you can also find a lot of potential rent-to-own deals from Zillow, uh, for rent sections. They're already raising their hand saying they want to rent it. You just have to convince them, "Hey, are you interested in, if if we rent it from you, are you also interested in, uh, selling it in a few years down the line if we agree on a price, right?" Uh, websites like furnishfinder.com has a lot of, uh, fully furnished homes that are for rent. Um, you can find deals there. Uh, Facebook Marketplace for rent, Craigslist section for rent, um, for rent.
>> [clears throat] >> Um, so, you, there's a, uh, tons of ways to find, uh, landlords. Like, you can, you can just go on, uh, like propwire.com and and for free and just type in your zip code and type in tired landlords, right? These are landlords that have probably owned the property for a long time. Maybe they want to sell it or or get me or, or rent-to-own the properties. Um, so, a lot of ways that you can find these type of deals. Um, and I would just do my normal marketing and just add, you know, if, if you've just been wholesaling and maybe just doing transactional deals where you get paid only once, um, you should just add this offer in, right? And we do rent-to-owns typically with deals that are only like move-in ready, meaning that I can just turn around and rent it out right now. I don't have to put in that much work at all. Maybe it, maybe it just needs cleaning, you know. Um, the reason being is because, um, you want to cash flow these deals as fast as possible. Um, if you have to put $40, $50, $60 grand into it and and rehab it for two, three, four months, um, and now you're negative $60 grand plus the all the monthly payments, um, you know, you're not going to break even until, you know, a few years. Maybe you won't even break even until you sell it, right? But [clears throat] we could, you still do rent-to-own deals, owner finance, sub 2 with that need a ton of work? Of course you can if you have the, you know, uh, the funds to put into the, put the rehab money into it or, uh, you want to fix it up and put the money in. Yeah, you can do that. But our model is we just do it where the property is in great condition. I can just turn around and rent it out or Airbnb it as is, maybe furnish it. Um, and that's how we negotiate with the sellers. We just kind of, you know, you know, first we got to get them interested, we got to get them, uh, to say yes to the concept, right? If they're open to the concept, then we break down the price and the terms and the numbers. And then we figure out our exit strategy. Like we need to, how to determine what your exit strategy is. You want to figure out like, kind of what I did today is go into the, you know, is it going to be, um, you know, am I going to just sell it? Am I going to do a sandwich rent to own? Am I just going to rent it out normally? And sometimes like in this situation, if I rent it out normally, I would make more than the sandwich rent to own, right? Am I going to Airbnb it? Sell it would be like, uh, you know, just list it on the market for sale with your spread. And sometimes you can do both. Um, I can do a listing and Airbnb at the same time. And we've done quite a few of those where we actually got a rent to own and had a decent spread on it, equity. And we furnished it. And, uh, we listed it for sale. And at the same time, we Airbnb'd it. So, if it didn't sell, it's still making a thousand bucks a month, two thousand bucks a month. And, uh, we weren't worried if it sold or not because all, all of our holding costs were paid through, you know, Airbnb, like all the taxes, insurance, you know, mortgage getting paid, the, the, the rent getting paid, utilities are getting paid, and plus there's profit. So, I can list it at the same time I have it on Airbnb and then that way, um, it's not vacant, right? And you're not making no money, right? So, when [clears throat] I started Airbnb, I had, uh, I had a bunch of flips, like we had like 20 flips going at the same time and we had them staged, you know, they're on the market on the MLS, um, and I just decided to do one, you know, while it's on the market for sale, Airbnb at the same time and that got all my holding costs paid for, right? And then I decided to do it to all the properties that were on the market for sale and, uh, furnished all of them, furnished all of them, and all of a sudden I went from, I think negative $30, $30 to $40 grand a month in holding costs to like positive $15, $20 grand a month, uh, profit. So, it was like literally like, you know, $50,000, $40,000 a month swing every month where instead of being negative $30 to $40, I was positive $15 to $20, right? So, you got $50,000 more a month in my pocket just because of, you know, just listing at the same time, Airbnb in it.
So, [clears throat] that's a great strategy too is that you can go out there and, uh, list properties at the same time, Airbnb them. And like I said, I, I've lived in six rent-to-owns. Um, I had a big mansion in like, uh, Addison, Illinois, like I was like a six-bedroom, seven-bathroom, like football field yard with a huge swimming pool. I decided to just move into it, right? So, I mean, you, when you, when you're doing this, you're doing finding deals, finding great deals here and there, you could find like a dream home, right? Like the home that you move into, right?
So, that's how you do rent-to-own and how you find these deals. Good ways, uh, you know, just do your normal marketing and then add this offer to your normal marketing. So, if you're marketing to, you know, distressed lists, like pre-foreclosures, tax delinquents, probates, um, you can also find a lot of potential rent-to-own deals from Zillow, uh, for rent sections. They're already raising their hand saying they want to rent it. You just have to convince them, "Hey, are you interested in, if if we rent it from you, are you also interested in, uh, selling it in a few years down the line if we agree on a price, right?" Uh, websites like furnishfinder.com has a lot of, uh, fully furnished homes that are for rent. Um, you can find deals there. Uh, Facebook Marketplace for rent, Craigslist section for rent, um, for rent.
>> [clears throat] >> Um, so, you, there's a, uh, tons of ways to find, uh, landlords. Like, you can, you can just go on, uh, like propwire.com and and for free and just type in your zip code and type in tired landlords, right? These are landlords that have probably owned the property for a long time. Maybe they want to sell it or or get me or, or rent-to-own the properties. Um, so, a lot of ways that you can find these type of deals. Um, and I would just do my normal marketing and just add, you know, if, if you've just been wholesaling and maybe just doing transactional deals where you get paid only once, um, you should just add this offer in, right? And we do rent-to-owns typically with deals that are only like move-in ready, meaning that I can just turn around and rent it out right now. I don't have to put in that much work at all. Maybe it, maybe it just needs cleaning, you know. Um, the reason being is because, um, you want to cash flow these deals as fast as possible. Um, if you have to put $40, $50, $60 grand into it and and rehab it for two, three, four months, um, and now you're negative $60 grand plus the all the monthly payments, um, you know, you're not going to break even until, you know, a few years. Maybe you won't even break even until you sell it, right? But [clears throat] we could, you still do rent-to-own deals, owner finance, sub 2 with that need a ton of work? Of course you can if you have the, you know, uh, the funds to put into the, put the rehab money into it or, uh, you want to fix it up and put the money in. Yeah, you can do that. But our model is we just do it where the property is in great condition. I can just turn around and rent it out or Airbnb it as is, maybe furnish it. Um, and that's how we negotiate with the sellers. We just kind of, you know, you know, first we got to get them interested, we got to get them, uh, to say yes to the concept, right? If they're open to the concept, then we break down the price and the terms and the numbers. And then we figure out our exit strategy. Like we need to, how to determine what your exit strategy is. You want to figure out like, kind of what I did today is go into the, you know, is it going to be, um, you know, am I going to just sell it? Am I going to do a sandwich rent to own? Am I just going to rent it out normally? And sometimes like in this situation, if I rent it out normally, I would make more than the sandwich rent to own, right? Am I going to Airbnb it? Sell it would be like, uh, you know, just list it on the market for sale with your spread. And sometimes you can do both. Um, I can do a listing and Airbnb at the same time. And we've done quite a few of those where we actually got a rent to own and had a decent spread on it, equity. And we furnished it. And, uh, we listed it for sale. And at the same time, we Airbnb'd it. So, if it didn't sell, it's still making a thousand bucks a month, two thousand bucks a month. And, uh, we weren't worried if it sold or not because all, all of our holding costs were paid through, you know, Airbnb, like all the taxes, insurance, you know, mortgage getting paid, the, the, the rent getting paid, utilities are getting paid, and plus there's profit. So, I can list it at the same time I have it on Airbnb and then that way, um, it's not vacant, right? And you're not making no money, right? So, when [clears throat] I started Airbnb, I had, uh, I had a bunch of flips, like we had like 20 flips going at the same time and we had them staged, you know, they're on the market on the MLS, um, and I just decided to do one, you know, while it's on the market for sale, Airbnb at the same time and that got all my holding costs paid for, right? And then I decided to do it to all the properties that were on the market for sale and, uh, furnished all of them, furnished all of them, and all of a sudden I went from, I think negative $30, $30 to $40 grand a month in holding costs to like positive $15, $20 grand a month, uh, profit. So, it was like literally like, you know, $50,000, $40,000 a month swing every month where instead of being negative $30 to $40, I was positive $15 to $20, right? So, you got $50,000 more a month in my pocket just because of, you know, just listing at the same time, Airbnb in it.
So, [clears throat] that's a great strategy too is that you can go out there and, uh, list properties at the same time, Airbnb them. And like I said, I, I've lived in six rent-to-owns. Um, I had a big mansion in like, uh, Addison, Illinois, like I was like a six-bedroom, seven-bathroom, like football field yard with a huge swimming pool. I decided to just move into it, right? So, I mean, you, when you, when you're doing this, you're doing finding deals, finding great deals here and there, you could find like a dream home, right? Like the home that you move into, right?
So, that's how you do rent-to-own and how you find these deals. Good ways, uh, you know, just do your normal marketing and then add this offer to your normal marketing. So, if you're marketing to, you know, distressed lists, like pre-foreclosures, tax delinquents, probates, um, you can also find a lot of potential rent-to-own deals from Zillow, uh, for rent sections. They're already raising their hand saying they want to rent it. You just have to convince them, "Hey, are you interested in, if if we rent it from you, are you also interested in, uh, selling it in a few years down the line if we agree on a price, right?" Uh, websites like furnishfinder.com has a lot of, uh, fully furnished homes that are for rent. Um, you can find deals there. Uh, Facebook Marketplace for rent, Craigslist section for rent, um, for rent.
>> [clears throat] >> Um, so, you, there's a, uh, tons of ways to find, uh, landlords. Like, you can, you can just go on, uh, like propwire.com and and for free and just type in your zip code and type in tired landlords, right? These are landlords that have probably owned the property for a long time. Maybe they want to sell it or or get me or, or rent-to-own the properties. Um, so, a lot of ways that you can find these type of deals. Um, and I would just do my normal marketing and just add, you know, if, if you've just been wholesaling and maybe just doing transactional deals where you get paid only once, um, you should just add this offer in, right? And we do rent-to-owns typically with deals that are only like move-in ready, meaning that I can just turn around and rent it out right now. I don't have to put in that much work at all. Maybe it, maybe it just needs cleaning, you know. Um, the reason being is because, um, you want to cash flow these deals as fast as possible. Um, if you have to put $40, $50, $60 grand into it and and rehab it for two, three, four months, um, and now you're negative $60 grand plus the all the monthly payments, um, you know, you're not going to break even until, you know, a few years. Maybe you won't even break even until you sell it, right? But [clears throat] we could, you still do rent-to-own deals, owner finance, sub 2 with that need a ton of work? Of course you can if you have the, you know, uh, the funds to put into the, put the rehab money into it or, uh, you want to fix it up and put the money in. Yeah, you can do that. But our model is we just do it where the property is in great condition. I can just turn around and rent it out or Airbnb it as is, maybe furnish it. Um, and that's how we negotiate with the sellers. We just kind of, you know, you know, first we got to get them interested, we got to get them, uh, to say yes to the concept, right? If they're open to the concept, then we break down the price and the terms and the numbers. And then we figure out our exit strategy. Like we need to, how to determine what your exit strategy is. You want to figure out like, kind of what I did today is go into the, you know, is it going to be, um, you know, am I going to just sell it? Am I going to do a sandwich rent to own? Am I just going to rent it out normally? And sometimes like in this situation, if I rent it out normally, I would make more than the sandwich rent to own, right? Am I going to Airbnb it? Sell it would be like, uh, you know, just list it on the market for sale with your spread. And sometimes you can do both. Um, I can do a listing and Airbnb at the same time. And we've done quite a few of those where we actually got a rent to own and had a decent spread on it, equity. And we furnished it. And, uh, we listed it for sale. And at the same time, we Airbnb'd it. So, if it didn't sell, it's still making a thousand bucks a month, two thousand bucks a month. And, uh, we weren't worried if it sold or not because all, all of our holding costs were paid through, you know, Airbnb, like all the taxes, insurance, you know, mortgage getting paid, the, the, the rent getting paid, utilities are getting paid, and plus there's profit. So, I can list it at the same time I have it on Airbnb and then that way, um, it's not vacant, right? And you're not making no money, right? So, when [clears throat] I started Airbnb, I had, uh, I had a bunch of flips, like we had like 20 flips going at the same time and we had them staged, you know, they're on the market on the MLS, um, and I just decided to do one, you know, while it's on the market for sale, Airbnb at the same time and that got all my holding costs paid for, right? And then I decided to do it to all the properties that were on the market for sale and, uh, furnished all of them, furnished all of them, and all of a sudden I went from, I think negative $30, $30 to $40 grand a month in holding costs to like positive $15, $20 grand a month, uh, profit. So, it was like literally like, you know, $50,000, $40,000 a month swing every month where instead of being negative $30 to $40, I was positive $15 to $20, right? So, you got $50,000 more a month in my pocket just because of, you know, just listing at the same time, Airbnb in it.
So, [clears throat] that's a great strategy too is that you can go out there and, uh, list properties at the same time, Airbnb them. And like I said, I, I've lived in six rent-to-owns. Um, I had a big mansion in like, uh, Addison, Illinois, like I was like a six-bedroom, seven-bathroom, like football field yard with a huge swimming pool. I decided to just move into it, right? So, I mean, you, when you, when you're doing this, you're doing finding deals, finding great deals here and there, you could find like a dream home, right? Like the home that you move into, right?
So, that's how you do rent-to-own and how you find these deals. Good ways, uh, you know, just do your normal marketing and then add this offer to your normal marketing. So, if you're marketing to, you know, distressed lists, like pre-foreclosures, tax delinquents, probates, um, you can also find a lot of potential rent-to-own deals from Zillow, uh, for rent sections. They're already raising their hand saying they want to rent it. You just have to convince them, "Hey, are you interested in, if if we rent it from you, are you also interested in, uh, selling it in a few years down the line if we agree on a price, right?" Uh, websites like furnishfinder.com has a lot of, uh, fully furnished homes that are for rent. Um, you can find deals there. Uh, Facebook Marketplace for rent, Craigslist section for rent, um, for rent.
>> [clears throat] >> Um, so, you, there's a, uh, tons of ways to find, uh, landlords. Like, you can, you can just go on, uh, like propwire.com and and for free and just type in your zip code and type in tired landlords, right? These are landlords that have probably owned the property for a long time. Maybe they want to sell it or or get me or, or rent-to-own the properties. Um, so, a lot of ways that you can find these type of deals. Um, and I would just do my normal marketing and just add, you know, if, if you've just been wholesaling and maybe just doing transactional deals where you get paid only once, um, you should just add this offer in, right? And we do rent-to-owns typically with deals that are only like move-in ready, meaning that I can just turn around and rent it out right now. I don't have to put in that much work at all. Maybe it, maybe it just needs cleaning, you know. Um, the reason being is because, um, you want to cash flow these deals as fast as possible. Um, if you have to put $40, $50, $60 grand into it and and rehab it for two, three, four months, um, and now you're negative $60 grand plus the all the monthly payments, um, you know, you're not going to break even until, you know, a few years. Maybe you won't even break even until you sell it, right? But [clears throat] we could, you still do rent-to-own deals, owner finance, sub 2 with that need a ton of work? Of course you can if you have the, you know, uh, the funds to put into the, put the rehab money into it or, uh, you want to fix it up and put the money in. Yeah, you can do that. But our model is we just do it where the property is in great condition. I can just turn around and rent it out or Airbnb it as is, maybe furnish it. Um, and that's how we negotiate with the sellers. We just kind of, you know, you know, first we got to get them interested, we got to get them, uh, to say yes to the concept, right? If they're open to the concept, then we break down the price and the terms and the numbers. And then we figure out our exit strategy. Like we need to, how to determine what your exit strategy is. You want to figure out like, kind of what I did today is go into the, you know, is it going to be, um, you know, am I going to just sell it? Am I going to do a sandwich rent to own? Am I just going to rent it out normally? And sometimes like in this situation, if I rent it out normally, I would make more than the sandwich rent to own, right? Am I going to Airbnb it? Sell it would be like, uh, you know, just list it on the market for sale with your spread. And sometimes you can do both. Um, I can do a listing and Airbnb at the same time. And we've done quite a few of those where we actually got a rent to own and had a decent spread on it, equity. And we furnished it. And, uh, we listed it for sale. And at the same time, we Airbnb'd it. So, if it didn't sell, it's still making a thousand bucks a month, two thousand bucks a month. And, uh, we weren't worried if it sold or not because all, all of our holding costs were paid through, you know, Airbnb, like all the taxes, insurance, you know, mortgage getting paid, the, the, the rent getting paid, utilities are getting paid, and plus there's profit. So, I can list it at the same time I have it on Airbnb and then that way, um, it's not vacant, right? And you're not making no money, right? So, when [clears throat] I started Airbnb, I had, uh, I had a bunch of flips, like we had like 20 flips going at the same time and we had them staged, you know, they're on the market on the MLS, um, and I just decided to do one, you know, while it's on the market for sale, Airbnb at the same time and that got all my holding costs paid for, right? And then I decided to do it to all the properties that were on the market for sale and, uh, furnished all of them, furnished all of them, and all of a sudden I went from, I think negative $30, $30 to $40 grand a month in holding costs to like positive $15, $20 grand a month, uh, profit. So, it was like literally like, you know, $50,000, $40,000 a month swing every month where instead of being negative $30 to $40, I was positive $15 to $20, right? So, you got $50,000 more a month in my pocket just because of, you know, just listing at the same time, Airbnb in it.
So, [clears throat] that's a great strategy too is that you can go out there and, uh, list properties at the same time, Airbnb them. And like I said, I, I've lived in six rent-to-owns. Um, I had a big mansion in like, uh, Addison, Illinois, like I was like a six-bedroom, seven-bathroom, like football field yard with a huge swimming pool. I decided to just move into it, right? So, I mean, you, when you, when you're doing this, you're doing finding deals, finding great deals here and there, you could find like a dream home, right? Like the home that you move into, right?
So, that's how you do rent-to-own and how you find these deals. Good ways, uh, you know, just do your normal marketing and then add this offer to your normal marketing. So, if you're marketing to, you know, distressed lists, like pre-foreclosures, tax delinquents, probates, um, you can also find a lot of potential rent-to-own deals from Zillow, uh, for rent sections. They're already raising their hand saying they want to rent it. You just have to convince them, "Hey, are you interested in, if if we rent it from you, are you also interested in, uh, selling it in a few years down the line if we agree on a price, right?" Uh, websites like furnishfinder.com has a lot of, uh, fully furnished homes that are for rent. Um, you can find deals there. Uh, Facebook Marketplace for rent, Craigslist section for rent, um, for rent.
>> [clears throat] >> Um, so, you, there's a, uh, tons of ways to find, uh, landlords. Like, you can, you can just go on, uh, like propwire.com and and for free and just type in your zip code and type in tired landlords, right? These are landlords that have probably owned the property for a long time. Maybe they want to sell it or or get me or, or rent-to-own the properties. Um, so, a lot of ways that you can find these type of deals. Um, and I would just do my normal marketing and just add, you know, if, if you've just been wholesaling and maybe just doing transactional deals where you get paid only once, um, you should just add this offer in, right? And we do rent-to-owns typically with deals that are only like move-in ready, meaning that I can just turn around and rent it out right now. I don't have to put in that much work at all. Maybe it, maybe it just needs cleaning, you know. Um, the reason being is because, um, you want to cash flow these deals as fast as possible. Um, if you have to put $40, $50, $60 grand into it and and rehab it for two, three, four months, um, and now you're negative $60 grand plus the all the monthly payments, um, you know, you're not going to break even until, you know, a few years. Maybe you won't even break even until you sell it, right? But [clears throat] we could, you still do rent-to-own deals, owner finance, sub 2 with that need a ton of work? Of course you can if you have the, you know, uh, the funds to put into the, put the rehab money into it or, uh, you want to fix it up and put the money in. Yeah, you can do that. But our model is we just do it where the property is in great condition. I can just turn around and rent it out or Airbnb it as is, maybe furnish it. Um, and that's how we negotiate with the sellers. We just kind of, you know, you know, first we got to get them interested, we got to get them, uh, to say yes to the concept, right? If they're open to the concept, then we break down the price and the terms and the numbers. And then we figure out our exit strategy. Like we need to, how to determine what your exit strategy is. You want to figure out like, kind of what I did today is go into the, you know, is it going to be, um, you know, am I going to just sell it? Am I going to do a sandwich rent to own? Am I just going to rent it out normally? And sometimes like in this situation, if I rent it out normally, I would make more than the sandwich rent to own, right? Am I going to Airbnb it? Sell it would be like, uh, you know, just list it on the market for sale with your spread. And sometimes you can do both. Um, I can do a listing and Airbnb at the same time. And we've done quite a few of those where we actually got a rent to own and had a decent spread on it, equity. And we furnished it. And, uh, we listed it for sale. And at the same time, we Airbnb'd it. So, if it didn't sell, it's still making a thousand bucks a month, two thousand bucks a month. And, uh, we weren't worried if it sold or not because all, all of our holding costs were paid through, you know, Airbnb, like all the taxes, insurance, you know, mortgage getting paid, the, the, the rent getting paid, utilities are getting paid, and plus there's profit. So, I can list it at the same time I have it on Airbnb and then that way, um, it's not vacant, right? And you're not making no money, right? So, when [clears throat] I started Airbnb, I had, uh, I had a bunch of flips, like we had like 20 flips going at the same time and we had them staged, you know, they're on the market on the MLS, um, and I just decided to do one, you know, while it's on the market for sale, Airbnb at the same time and that got all my holding costs paid for, right? And then I decided to do it to all the properties that were on the market for sale and, uh, furnished all of them, furnished all of them, and all of a sudden I went from, I think negative $30, $30 to $40 grand a month in holding costs to like positive $15, $20 grand a month, uh, profit. So, it was like literally like, you know, $50,000, $40,000 a month swing every month where instead of being negative $30 to $40, I was positive $15 to $20, right? So, you got $50,000 more a month in my pocket just because of, you know, just listing at the same time, Airbnb in it.
So, [clears throat] that's a great strategy too is that you can go out there and, uh, list properties at the same time, Airbnb them. And like I said, I, I've lived in six rent-to-owns. Um, I had a big mansion in like, uh, Addison, Illinois, like I was like a six-bedroom, seven-bathroom, like football field yard with a huge swimming pool. I decided to just move into it, right? So, I mean, you, when you, when you're doing this, you're doing finding deals, finding great deals here and there, you could find like a dream home, right? Like the home that you move into, right?
So, that's how you do rent-to-own and how you find these deals. Good ways, uh, you know, just do your normal marketing and then add this offer to your normal marketing. So, if you're marketing to, you know, distressed lists, like pre-foreclosures, tax delinquents, probates, um, you can also find a lot of potential rent-to-own deals from Zillow, uh, for rent sections. They're already raising their hand saying they want to rent it. You just have to convince them, "Hey, are you interested in, if if we rent it from you, are you also interested in, uh, selling it in a few years down the line if we agree on a price, right?" Uh, websites like furnishfinder.com has a lot of, uh, fully furnished homes that are for rent. Um, you can find deals there. Uh, Facebook Marketplace for rent, Craigslist section for rent, um, for rent.
>> [clears throat] >> Um, so, you, there's a, uh, tons of ways to find, uh, landlords. Like, you can, you can just go on, uh, like propwire.com and and for free and just type in your zip code and type in tired landlords, right? These are landlords that have probably owned the property for a long time. Maybe they want to sell it or or get me or, or rent-to-own the properties. Um, so, a lot of ways that you can find these type of deals. Um, and I would just do my normal marketing and just add, you know, if, if you've just been wholesaling and maybe just doing transactional deals where you get paid only once, um, you should just add this offer in, right? And we do rent-to-owns typically with deals that are only like move-in ready, meaning that I can just turn around and rent it out right now. I don't have to put in that much work at all. Maybe it, maybe it just needs cleaning, you know. Um, the reason being is because, um, you want to cash flow these deals as fast as possible. Um, if you have to put $40, $50, $60 grand into it and and rehab it for two, three, four months, um, and now you're negative $60 grand plus the all the monthly payments, um, you know, you're not going to break even until, you know, a few years. Maybe you won't even break even until you sell it, right? But [clears throat] we could, you still do rent-to-own deals, owner finance, sub 2 with that need a ton of work? Of course you can if you have the, you know, uh, the funds to put into the, put the rehab money into it or, uh, you want to fix it up and put the money in. Yeah, you can do that. But our model is we just do it where the property is in great condition. I can just turn around and rent it out or Airbnb it as is, maybe furnish it. Um, and that's how we negotiate with the sellers. We just kind of, you know, you know, first we got to get them interested, we got to get them, uh, to say yes to the concept, right? If they're open to the concept, then we break down the price and the terms and the numbers. And then we figure out our exit strategy. Like we need to, how to determine what your exit strategy is. You want to figure out like, kind of what I did today is go into the, you know, is it going to be, um, you know, am I going to just sell it? Am I going to do a sandwich rent to own? Am I just going to rent it out normally? And sometimes like in this situation, if I rent it out normally, I would make more than the sandwich rent to own, right? Am I going to Airbnb it? Sell it would be like, uh, you know, just list it on the market for sale with your spread. And sometimes you can do both. Um, I can do a listing and Airbnb at the same time. And we've done quite a few of those where we actually got a rent to own and had a decent spread on it, equity. And we furnished it. And, uh, we listed it for sale. And at the same time, we Airbnb'd it. So, if it didn't sell, it's still making a thousand bucks a month, two thousand bucks a month. And, uh, we weren't worried if it sold or not because all, all of our holding costs were paid through, you know, Airbnb, like all the taxes, insurance, you know, mortgage getting paid, the, the, the rent getting paid, utilities are getting paid, and plus there's profit. So, I can list it at the same time I have it on Airbnb and then that way, um, it's not vacant, right? And you're not making no money, right? So, when [clears throat] I started Airbnb, I had, uh, I had a bunch of flips, like we had like 20 flips going at the same time and we had them staged, you know, they're on the market on the MLS, um, and I just decided to do one, you know, while it's on the market for sale, Airbnb at the same time and that got all my holding costs paid for, right? And then I decided to do it to all the properties that were on the market for sale and, uh, furnished all of them, furnished all of them, and all of a sudden I went from, I think negative $30, $30 to $40 grand a month in holding costs to like positive $15, $20 grand a month, uh, profit. So, it was like literally like, you know, $50,000, $40,000 a month swing every month where instead of being negative $30 to $40, I was positive $15 to $20, right? So, you got $50,000 more a month in my pocket just because of, you know, just listing at the same time, Airbnb in it.
So, [clears throat] that's a great strategy too is that you can go out there and, uh, list properties at the same time, Airbnb them. And like I said, I, I've lived in six rent-to-owns. Um, I had a big mansion in like, uh, Addison, Illinois, like I was like a six-bedroom, seven-bathroom, like football field yard with a huge swimming pool. I decided to just move into it, right? So, I mean, you, when you, when you're doing this, you're doing finding deals, finding great deals here and there, you could find like a dream home, right? Like the home that you move into, right?
So, that's how you do rent-to-own and how you find these deals. Good ways, uh, you know, just do your normal marketing and then add this offer to your normal marketing. So, if you're marketing to, you know, distressed lists, like pre-foreclosures, tax delinquents, probates, um, you can also find a lot of potential rent-to-own deals from Zillow, uh, for rent sections. They're already raising their hand saying they want to rent it. You just have to convince them, "Hey, are you interested in, if if we rent it from you, are you also interested in, uh, selling it in a few years down the line if we agree on a price, right?" Uh, websites like furnishfinder.com has a lot of, uh, fully furnished homes that are for rent. Um, you can find deals there. Uh, Facebook Marketplace for rent, Craigslist section for rent, um, for rent.
>> [clears throat] >> Um, so, you, there's a, uh, tons of ways to find, uh, landlords. Like, you can, you can just go on, uh, like propwire.com and and for free and just type in your zip code and type in tired landlords, right? These are landlords that have probably owned the property for a long time. Maybe they want to sell it or or get me or, or rent-to-own the properties. Um, so, a lot of ways that you can find these type of deals. Um, and I would just do my normal marketing and just add, you know, if, if you've just been wholesaling and maybe just doing transactional deals where you get paid only once, um, you should just add this offer in, right? And we do rent-to-owns typically with deals that are only like move-in ready, meaning that I can just turn around and rent it out right now. I don't have to put in that much work at all. Maybe it, maybe it just needs cleaning, you know. Um, the reason being is because, um, you want to cash flow these deals as fast as possible. Um, if you have to put $40, $50, $60 grand into it and and rehab it for two, three, four months, um, and now you're negative $60 grand plus the all the monthly payments, um, you know, you're not going to break even until, you know, a few years. Maybe you won't even break even until you sell it, right? But [clears throat] we could, you still do rent-to-own deals, owner finance, sub 2 with that need a ton of work? Of course you can if you have the, you know, uh, the funds to put into the, put the rehab money into it or, uh, you want to fix it up and put the money in. Yeah, you can do that. But our model is we just do it where the property is in great condition. I can just turn around and rent it out or Airbnb it as is, maybe furnish it. Um, and that's how we negotiate with the sellers. We just kind of, you know, you know, first we got to get them interested, we got to get them, uh, to say yes to the concept, right? If they're open to the concept, then we break down the price and the terms and the numbers. And then we figure out our exit strategy. Like we need to, how to determine what your exit strategy is. You want to figure out like, kind of what I did today is go into the, you know, is it going to be, um, you know, am I going to just sell it? Am I going to do a sandwich rent to own? Am I just going to rent it out normally? And sometimes like in this situation, if I rent it out normally, I would make more than the sandwich rent to own, right? Am I going to Airbnb it? Sell it would be like, uh, you know, just list it on the market for sale with your spread. And sometimes you can do both. Um, I can do a listing and Airbnb at the same time. And we've done quite a few of those where we actually got a rent to own and had a decent spread on it, equity. And we furnished it. And, uh, we listed it for sale. And at the same time, we Airbnb'd it. So, if it didn't sell, it's still making a thousand bucks a month, two thousand bucks a month. And, uh, we weren't worried if it sold or not because all, all of our holding costs were paid through, you know, Airbnb, like all the taxes, insurance, you know, mortgage getting paid, the, the, the rent getting paid, utilities are getting paid, and plus there's profit. So, I can list it at the same time I have it on Airbnb and then that way, um, it's not vacant, right? And you're not making no money, right? So, when [clears throat] I started Airbnb, I had, uh, I had a bunch of flips, like we had like 20 flips going at the same time and we had them staged, you know, they're on the market on the MLS, um, and I just decided to do one, you know, while it's on the market for sale, Airbnb at the same time and that got all my holding costs paid for, right? And then I decided to do it to all the properties that were on the market for sale and, uh, furnished all of them, furnished all of them, and all of a sudden I went from, I think negative $30, $30 to $40 grand a month in holding costs to like positive $15, $20 grand a month, uh, profit. So, it was like literally like, you know, $50,000, $40,000 a month swing every month where instead of being negative $30 to $40, I was positive $15 to $20, right? So, you got $50,000 more a month in my pocket just because of, you know, just listing at the same time, Airbnb in it.
So, [clears throat] that's a great strategy too is that you can go out there and, uh, list properties at the same time, Airbnb them. And like I said, I, I've lived in six rent-to-owns. Um, I had a big mansion in like, uh, Addison, Illinois, like I was like a six-bedroom, seven-bathroom, like football field yard with a huge swimming pool. I decided to just move into it, right? So, I mean, you, when you, when you're doing this, you're doing finding deals, finding great deals here and there, you could find like a dream home, right? Like the home that you move into, right?
So, that's how you do rent-to-own and how you find these deals. Good ways, uh, you know, just do your normal marketing and then add this offer to your normal marketing. So, if you're marketing to, you know, distressed lists, like pre-foreclosures, tax delinquents, probates, um, you can also find a lot of potential rent-to-own deals from Zillow, uh, for rent sections. They're already raising their hand saying they want to rent it. You just have to convince them, "Hey, are you interested in, if if we rent it from you, are you also interested in, uh, selling it in a few years down the line if we agree on a price, right?" Uh, websites like furnishfinder.com has a lot of, uh, fully furnished homes that are for rent. Um, you can find deals there. Uh, Facebook Marketplace for rent, Craigslist section for rent, um, for rent.
>> [clears throat] >> Um, so, you, there's a, uh, tons of ways to find, uh, landlords. Like, you can, you can just go on, uh, like propwire.com and and for free and just type in your zip code and type in tired landlords, right? These are landlords that have probably owned the property for a long time. Maybe they want to sell it or or get me or, or rent-to-own the properties. Um, so, a lot of ways that you can find these type of deals. Um, and I would just do my normal marketing and just add, you know, if, if you've just been wholesaling and maybe just doing transactional deals where you get paid only once, um, you should just add this offer in, right? And we do rent-to-owns typically with deals that are only like move-in ready, meaning that I can just turn around and rent it out right now. I don't have to put in that much work at all. Maybe it, maybe it just needs cleaning, you know. Um, the reason being is because, um, you want to cash flow these deals as fast as possible. Um, if you have to put $40, $50, $60 grand into it and and rehab it for two, three, four months, um, and now you're negative $60 grand plus the all the monthly payments, um, you know, you're not going to break even until, you know, a few years. Maybe you won't even break even until you sell it, right? But [clears throat] we could, you still do rent-to-own deals, owner finance, sub 2 with that need a ton of work? Of course you can if you have the, you know, uh, the funds to put into the, put the rehab money into it or, uh, you want to fix it up and put the money in. Yeah, you can do that. But our model is we just do it where the property is in great condition. I can just turn around and rent it out or Airbnb it as is, maybe furnish it. Um, and that's how we negotiate with the sellers. We just kind of, you know, you know, first we got to get them interested, we got to get them, uh, to say yes to the concept, right? If they're open to the concept, then we break down the price and the terms and the numbers. And then we figure out our exit strategy. Like we need to, how to determine what your exit strategy is. You want to figure out like, kind of what I did today is go into the, you know, is it going to be, um, you know, am I going to just sell it? Am I going to do a sandwich rent to own? Am I just going to rent it out normally? And sometimes like in this situation, if I rent it out normally, I would make more than the sandwich rent to own, right? Am I going to Airbnb it? Sell it would be like, uh, you know, just list it on the market for sale with your spread. And sometimes you can do both. Um, I can do a listing and Airbnb at the same time. And we've done quite a few of those where we actually got a rent to own and had a decent spread on it, equity. And we furnished it. And, uh, we listed it for sale. And at the same time, we Airbnb'd it. So, if it didn't sell, it's still making a thousand bucks a month, two thousand bucks a month. And, uh, we weren't worried if it sold or not because all, all of our holding costs were paid through, you know, Airbnb, like all the taxes, insurance, you know, mortgage getting paid, the, the, the rent getting paid, utilities are getting paid, and plus there's profit. So, I can list it at the same time I have it on Airbnb and then that way, um, it's not vacant, right? And you're not making no money, right? So, when [clears throat] I started Airbnb, I had, uh, I had a bunch of flips, like we had like 20 flips going at the same time and we had them staged, you know, they're on the market on the MLS, um, and I just decided to do one, you know, while it's on the market for sale, Airbnb at the same time and that got all my holding costs paid for, right? And then I decided to do it to all the properties that were on the market for sale and, uh, furnished all of them, furnished all of them, and all of a sudden I went from, I think negative $30, $30 to $40 grand a month in holding costs to like positive $15, $20 grand a month, uh, profit. So, it was like literally like, you know, $50,000, $40,000 a month swing every month where instead of being negative $30 to $40, I was positive $15 to $20, right? So, you got $50,000 more a month in my pocket just because of, you know, just listing at the same time, Airbnb in it.
So, [clears throat] that's a great strategy too is that you can go out there and, uh, list properties at the same time, Airbnb them. And like I said, I, I've lived in six rent-to-owns. Um, I had a big mansion in like, uh, Addison, Illinois, like I was like a six-bedroom, seven-bathroom, like football field yard with a huge swimming pool. I decided to just move into it, right? So, I mean, you, when you, when you're doing this, you're doing finding deals, finding great deals here and there, you could find like a dream home, right? Like the home that you move into, right?
So, that's how you do rent-to-own and how you find these deals. Good ways, uh, you know, just do your normal marketing and then add this offer to your normal marketing. So, if you're marketing to, you know, distressed lists, like pre-foreclosures, tax delinquents, probates, um, you can also find a lot of potential rent-to-own deals from Zillow, uh, for rent sections. They're already raising their hand saying they want to rent it. You just have to convince them, "Hey, are you interested in, if if we rent it from you, are you also interested in, uh, selling it in a few years down the line if we agree on a price, right?" Uh, websites like furnishfinder.com has a lot of, uh, fully furnished homes that are for rent. Um, you can find deals there. Uh, Facebook Marketplace for rent, Craigslist section for rent, um, for rent.
>> [clears throat] >> Um, so, you, there's a, uh, tons of ways to find, uh, landlords. Like, you can, you can just go on, uh, like propwire.com and and for free and just type in your zip code and type in tired landlords, right? These are landlords that have probably owned the property for a long time. Maybe they want to sell it or or get me or, or rent-to-own the properties. Um, so, a lot of ways that you can find these type of deals. Um, and I would just do my normal marketing and just add, you know, if, if you've just been wholesaling and maybe just doing transactional deals where you get paid only once, um, you should just add this offer in, right? And we do rent-to-owns typically with deals that are only like move-in ready, meaning that I can just turn around and rent it out right now. I don't have to put in that much work at all. Maybe it, maybe it just needs cleaning, you know. Um, the reason being is because, um, you want to cash flow these deals as fast as possible. Um, if you have to put $40, $50, $60 grand into it and and rehab it for two, three, four months, um, and now you're negative $60 grand plus the all the monthly payments, um, you know, you're not going to break even until, you know, a few years. Maybe you won't even break even until you sell it, right? But [clears throat] we could, you still do rent-to-own deals, owner finance, sub 2 with that need a ton of work? Of course you can if you have the, you know, uh, the funds to put into the, put the rehab money into it or, uh, you want to fix it up and put the money in. Yeah, you can do that. But our model is we just do it where the property is in great condition. I can just turn around and rent it out or Airbnb it as is, maybe furnish it. Um, and that's how we negotiate with the sellers. We just kind of, you know, you know, first we got to get them interested, we got to get them, uh, to say yes to the concept, right? If they're open to the concept, then we break down the price and the terms and the numbers. And then we figure out our exit strategy. Like we need to, how to determine what your exit strategy is. You want to figure out like, kind of what I did today is go into the, you know, is it going to be, um, you know, am I going to just sell it? Am I going to do a sandwich rent to own? Am I just going to rent it out normally? And sometimes like in this situation, if I rent it out normally, I would make more than the sandwich rent to own, right? Am I going to Airbnb it? Sell it would be like, uh, you know, just list it on the market for sale with your spread. And sometimes you can do both. Um, I can do a listing and Airbnb at the same time. And we've done quite a few of those where we actually got a rent to own and had a decent spread on it, equity. And we furnished it. And, uh, we listed it for sale. And at the same time, we Airbnb'd it. So, if it didn't sell, it's still making a thousand bucks a month, two thousand bucks a month. And, uh, we weren't worried if it sold or not because all, all of our holding costs were paid through, you know, Airbnb, like all the taxes, insurance, you know, mortgage getting paid, the, the, the rent getting paid, utilities are getting paid, and plus there's profit. So, I can list it at the same time I have it on Airbnb and then that way, um, it's not vacant, right? And you're not making no money, right? So, when [clears throat] I started Airbnb, I had, uh, I had a bunch of flips, like we had like 20 flips going at the same time and we had them staged, you know, they're on the market on the MLS, um, and I just decided to do one, you know, while it's on the market for sale, Airbnb at the same time and that got all my holding costs paid for, right? And then I decided to do it to all the properties that were on the market for sale and, uh, furnished all of them, furnished all of them, and all of a sudden I went from, I think negative $30, $30 to $40 grand a month in holding costs to like positive $15, $20 grand a month, uh, profit. So, it was like literally like, you know, $50,000, $40,000 a month swing every month where instead of being negative $30 to $40, I was positive $15 to $20, right? So, you got $50,000 more a month in my pocket just because of, you know, just listing at the same time, Airbnb in it.
So, [clears throat] that's a great strategy too is that you can go out there and, uh, list properties at the same time, Airbnb them. And like I said, I, I've lived in six rent-to-owns. Um, I had a big mansion in like, uh, Addison, Illinois, like I was like a six-bedroom, seven-bathroom, like football field yard with a huge swimming pool. I decided to just move into it, right? So, I mean, you, when you, when you're doing this, you're doing finding deals, finding great deals here and there, you could find like a dream home, right? Like the home that you move into, right?
So, that's how you do rent-to-own and how you find these deals. Good ways, uh, you know, just do your normal marketing and then add this offer to your normal marketing. So, if you're marketing to, you know, distressed lists, like pre-foreclosures, tax delinquents, probates, um, you can also find a lot of potential rent-to-own deals from Zillow, uh, for rent sections. They're already raising their hand saying they want to rent it. You just have to convince them, "Hey, are you interested in, if if we rent it from you, are you also interested in, uh, selling it in a few years down the line if we agree on a price, right?" Uh, websites like furnishfinder.com has a lot of, uh, fully furnished homes that are for rent. Um, you can find deals there. Uh, Facebook Marketplace for rent, Craigslist section for rent, um, for rent.
>> [clears throat] >> Um, so, you, there's a, uh, tons of ways to find, uh, landlords. Like, you can, you can just go on, uh, like propwire.com and and for free and just type in your zip code and type in tired landlords, right? These are landlords that have probably owned the property for a long time. Maybe they want to sell it or or get me or, or rent-to-own the properties. Um, so, a lot of ways that you can find these type of deals. Um, and I would just do my normal marketing and just add, you know, if, if you've just been wholesaling and maybe just doing transactional deals where you get paid only once, um, you should just add this offer in, right? And we do rent-to-owns typically with deals that are only like move-in ready, meaning that I can just turn around and rent it out right now. I don't have to put in that much work at all. Maybe it, maybe it just needs cleaning, you know. Um, the reason being is because, um, you want to cash flow these deals as fast as possible. Um, if you have to put $40, $50, $60 grand into it and and rehab it for two, three, four months, um, and now you're negative $60 grand plus the all the monthly payments, um, you know, you're not going to break even until, you know, a few years. Maybe you won't even break even until you sell it, right? But [clears throat] we could, you still do rent-to-own deals, owner finance, sub 2 with that need a ton of work? Of course you can if you have the, you know, uh, the funds to put into the, put the rehab money into it or, uh, you want to fix it up and put the money in. Yeah, you can do that. But our model is we just do it where the property is in great condition. I can just turn around and rent it out or Airbnb it as is, maybe furnish it. Um, and that's how we negotiate with the sellers. We just kind of, you know, you know, first we got to get them interested, we got to get them, uh, to say yes to the concept, right? If they're open to the concept, then we break down the price and the terms and the numbers. And then we figure out our exit strategy. Like we need to, how to determine what your exit strategy is. You want to figure out like, kind of what I did today is go into the, you know, is it going to be, um, you know, am I going to just sell it? Am I going to do a sandwich rent to own? Am I just going to rent it out normally? And sometimes like in this situation, if I rent it out normally, I would make more than the sandwich rent to own, right? Am I going to Airbnb it? Sell it would be like, uh, you know, just list it on the market for sale with your spread. And sometimes you can do both. Um, I can do a listing and Airbnb at the same time. And we've done quite a few of those where we actually got a rent to own and had a decent spread on it, equity. And we furnished it. And, uh, we listed it for sale. And at the same time, we Airbnb'd it. So, if it didn't sell, it's still making a thousand bucks a month, two thousand bucks a month. And, uh, we weren't worried if it sold or not because all, all of our holding costs were paid through, you know, Airbnb, like all the taxes, insurance, you know, mortgage getting paid, the, the, the rent getting paid, utilities are getting paid, and plus there's profit. So, I can list it at the same time I have it on Airbnb and then that way, um, it's not vacant, right? And you're not making no money, right? So, when [clears throat] I started Airbnb, I had, uh, I had a bunch of flips, like we had like 20 flips going at the same time and we had them staged, you know, they're on the market on the MLS, um, and I just decided to do one, you know, while it's on the market for sale, Airbnb at the same time and that got all my holding costs paid for, right? And then I decided to do it to all the properties that were on the market for sale and, uh, furnished all of them, furnished all of them, and all of a sudden I went from, I think negative $30, $30 to $40 grand a month in holding costs to like positive $15, $20 grand a month, uh, profit. So, it was like literally like, you know, $50,000, $40,000 a month swing every month where instead of being negative $30 to $40, I was positive $15 to $20, right? So, you got $50,000 more a month in my pocket just because of, you know, just listing at the same time, Airbnb in it.
So, [clears throat] that's a great strategy too is that you can go out there and, uh, list properties at the same time, Airbnb them. And like I said, I, I've lived in six rent-to-owns. Um, I had a big mansion in like, uh, Addison, Illinois, like I was like a six-bedroom, seven-bathroom, like football field yard with a huge swimming pool. I decided to just move into it, right? So, I mean, you, when you, when you're doing this, you're doing finding deals, finding great deals here and there, you could find like a dream home, right? Like the home that you move into, right?
So, that's how you do rent-to-own and how you find these deals. Good ways, uh, you know, just do your normal marketing and then add this offer to your normal marketing. So, if you're marketing to, you know, distressed lists, like pre-foreclosures, tax delinquents, probates, um, you can also find a lot of potential rent-to-own deals from Zillow, uh, for rent sections. They're already raising their hand saying they want to rent it. You just have to convince them, "Hey, are you interested in, if if we rent it from you, are you also interested in, uh, selling it in a few years down the line if we agree on a price, right?" Uh, websites like furnishfinder.com has a lot of, uh, fully furnished homes that are for rent. Um, you can find deals there. Uh, Facebook Marketplace for rent, Craigslist section for rent, um, for rent.
>> [clears throat] >> Um, so, you, there's a, uh, tons of ways to find, uh, landlords. Like, you can, you can just go on, uh, like propwire.com and and for free and just type in your zip code and type in tired landlords, right? These are landlords that have probably owned the property for a long time. Maybe they want to sell it or or get me or, or rent-to-own the properties. Um, so, a lot of ways that you can find these type of deals. Um, and I would just do my normal marketing and just add, you know, if, if you've just been wholesaling and maybe just doing transactional deals where you get paid only once, um, you should just add this offer in, right? And we do rent-to-owns typically with deals that are only like move-in ready, meaning that I can just turn around and rent it out right now. I don't have to put in that much work at all. Maybe it, maybe it just needs cleaning, you know. Um, the reason being is because, um, you want to cash flow these deals as fast as possible. Um, if you have to put $40, $50, $60 grand into it and and rehab it for two, three, four months, um, and now you're negative $60 grand plus the all the monthly payments, um, you know, you're not going to break even until, you know, a few years. Maybe you won't even break even until you sell it, right? But [clears throat] we could, you still do rent-to-own deals, owner finance, sub 2 with that need a ton of work? Of course you can if you have the, you know, uh, the funds to put into the, put the rehab money into it or, uh, you want to fix it up and put the money in. Yeah, you can do that. But our model is we just do it where the property is in great condition. I can just turn around and rent it out or Airbnb it as is, maybe furnish it. Um, and that's how we negotiate with the sellers. We just kind of, you know, you know, first we got to get them interested, we got to get them, uh, to say yes to the concept, right? If they're open to the concept, then we break down the price and the terms and the numbers. And then we figure out our exit strategy. Like we need to, how to determine what your exit strategy is. You want to figure out like, kind of what I did today is go into the, you know, is it going to be, um, you know, am I going to just sell it? Am I going to do a sandwich rent to own? Am I just going to rent it out normally? And sometimes like in this situation, if I rent it out normally, I would make more than the sandwich rent to own, right? Am I going to Airbnb it? Sell it would be like, uh, you know, just list it on the market for sale with your spread. And sometimes you can do both. Um, I can do a listing and Airbnb at the same time. And we've done quite a few of those where we actually got a rent to own and had a decent spread on it, equity. And we furnished it. And, uh, we listed it for sale. And at the same time, we Airbnb'd it. So, if it didn't sell, it's still making a thousand bucks a month, two thousand bucks a month. And, uh, we weren't worried if it sold or not because all, all of our holding costs were paid through, you know, Airbnb, like all the taxes, insurance, you know, mortgage getting paid, the, the, the rent getting paid, utilities are getting paid, and plus there's profit. So, I can list it at the same time I have it on Airbnb and then that way, um, it's not vacant, right? And you're not making no money, right? So, when [clears throat] I started Airbnb, I had, uh, I had a bunch of flips, like we had like 20 flips going at the same time and we had them staged, you know, they're on the market on the MLS, um, and I just decided to do one, you know, while it's on the market for sale, Airbnb at the same time and that got all my holding costs paid for, right? And then I decided to do it to all the properties that were on the market for sale and, uh, furnished all of them, furnished all of them, and all of a sudden I went from, I think negative $30, $30 to $40 grand a month in holding costs to like positive $15, $20 grand a month, uh, profit. So, it was like literally like, you know, $50,000, $40,000 a month swing every month where instead of being negative $30 to $40, I was positive $15 to $20, right? So, you got $50,000 more a month in my pocket just because of, you know, just listing at the same time, Airbnb in it.
So, [clears throat] that's a great strategy too is that you can go out there and, uh, list properties at the same time, Airbnb them. And like I said, I, I've lived in six rent-to-owns. Um, I had a big mansion in like, uh, Addison, Illinois, like I was like a six-bedroom, seven-bathroom, like football field yard with a huge swimming pool. I decided to just move into it, right? So, I mean, you, when you, when you're doing this, you're doing finding deals, finding great deals here and there, you could find like a dream home, right? Like the home that you move into, right?
So, that's how you do rent-to-own and how you find these deals. Good ways, uh, you know, just do your normal marketing and then add this offer to your normal marketing. So, if you're marketing to, you know, distressed lists, like pre-foreclosures, tax delinquents, probates, um, you can also find a lot of potential rent-to-own deals from Zillow, uh, for rent sections. They're already raising their hand saying they want to rent it. You just have to convince them, "Hey, are you interested in, if if we rent it from you, are you also interested in, uh, selling it in a few years down the line if we agree on a price, right?" Uh, websites like furnishfinder.com has a lot of, uh, fully furnished homes that are for rent. Um, you can find deals there. Uh, Facebook Marketplace for rent, Craigslist section for rent, um, for rent.
>> [clears throat] >> Um, so, you, there's a, uh, tons of ways to find, uh, landlords. Like, you can, you can just go on, uh, like propwire.com and and for free and just type in your zip code and type in tired landlords, right? These are landlords that have probably owned the property for a long time. Maybe they want to sell it or or get me or, or rent-to-own the properties. Um, so, a lot of ways that you can find these type of deals. Um, and I would just do my normal marketing and just add, you know, if, if you've just been wholesaling and maybe just doing transactional deals where you get paid only once, um, you should just add this offer in, right? And we do rent-to-owns typically with deals that are only like move-in ready, meaning that I can just turn around and rent it out right now. I don't have to put in that much work at all. Maybe it, maybe it just needs cleaning, you know. Um, the reason being is because, um, you want to cash flow these deals as fast as possible. Um, if you have to put $40, $50, $60 grand into it and and rehab it for two, three, four months, um, and now you're negative $60 grand plus the all the monthly payments, um, you know, you're not going to break even until, you know, a few years. Maybe you won't even break even until you sell it, right? But [clears throat] we could, you still do rent-to-own deals, owner finance, sub 2 with that need a ton of work? Of course you can if you have the, you know, uh, the funds to put into the, put the rehab money into it or, uh, you want to fix it up and put the money in. Yeah, you can do that. But our model is we just do it where the property is in great condition. I can just turn around and rent it out or Airbnb it as is, maybe furnish it. Um, and that's how we negotiate with the sellers. We just kind of, you know, you know, first we got to get them interested, we got to get them, uh, to say yes to the concept, right? If they're open to the concept, then we break down the price and the terms and the numbers. And then we figure out our exit strategy. Like we need to, how to determine what your exit strategy is. You want to figure out like, kind of what I did today is go into the, you know, is it going to be, um, you know, am I going to just sell it? Am I going to do a sandwich rent to own? Am I just going to rent it out normally? And sometimes like in this situation, if I rent it out normally, I would make more than the sandwich rent to own, right? Am I going to Airbnb it? Sell it would be like, uh, you know, just list it on the market for sale with your spread. And sometimes you can do both. Um, I can do a listing and Airbnb at the same time. And we've done quite a few of those where we actually got a rent to own and had a decent spread on it, equity. And we furnished it. And, uh, we listed it for sale. And at the same time, we Airbnb'd it. So, if it didn't sell, it's still making a thousand bucks a month, two thousand bucks a month. And, uh, we weren't worried if it sold or not because all, all of our holding costs were paid through, you know, Airbnb, like all the taxes, insurance, you know, mortgage getting paid, the, the, the rent getting paid, utilities are getting paid, and plus there's profit. So, I can list it at the same time I have it on Airbnb and then that way, um, it's not vacant, right? And you're not making no money, right? So, when [clears throat] I started Airbnb, I had, uh, I had a bunch of flips, like we had like 20 flips going at the same time and we had them staged, you know, they're on the market on the MLS, um, and I just decided to do one, you know, while it's on the market for sale, Airbnb at the same time and that got all my holding costs paid for, right? And then I decided to do it to all the properties that were on the market for sale and, uh, furnished all of them, furnished all of them, and all of a sudden I went from, I think negative $30, $30 to $40 grand a month in holding costs to like positive $15, $20 grand a month, uh, profit. So, it was like literally like, you know, $50,000, $40,000 a month swing every month where instead of being negative $30 to $40, I was positive $15 to $20, right? So, you got $50,000 more a month in my pocket just because of, you know, just listing at the same time, Airbnb in it.
So, [clears throat] that's a great strategy too is that you can go out there and, uh, list properties at the same time, Airbnb them. And like I said, I, I've lived in six rent-to-owns. Um, I had a big mansion in like, uh, Addison, Illinois, like I was like a six-bedroom, seven-bathroom, like football field yard with a huge swimming pool. I decided to just move into it, right? So, I mean, you, when you, when you're doing this, you're doing finding deals, finding great deals here and there, you could find like a dream home, right? Like the home that you move into, right?
So, that's how you do rent-to-own and how you find these deals. Good ways, uh, you know, just do your normal marketing and then add this offer to your normal marketing. So, if you're marketing to, you know, distressed lists, like pre-foreclosures, tax delinquents, prob