I recommend at least $30k before getting started. But I have seen folks start with $10k or less. For this program I like to see students have $50k+ saved up before doing true land hacks. BUT, just because you do not have the funds to start land hacking now, it doesn’t mean building your knowledge, experience and skills have to wait. Money is rarely the limiting factor to most entrepreneur’s successes. Alas, it is an important component.

Golden Triangle Method & Batchleads app.

With these two tools you’ll pretty much be able to identify any and all healthy locations in the United States. I have had a number of international students use the Golden Triangle method to great success in other countries as well.

No…and yes. The number of people traveling and seeking out high quality, clean and well-managed spaces still significantly outpaces the actual number of listings. But there are a lot of new entrants into the short-term rental market.

I teach you how to rise above everyone else, how to increase the barriers of entry in your market and make others compete with you. And when necessary, know when to walk away from an over saturated market.

There is always plenty of room when you’re operating at a high-level and have the right property.

Systems. Systems. Systems.

Managing remotely is doable, but it does require more time and money (doesn’t everything?) up front.

You want to build out protocols for any scenario you can think of and make sure you have a system AND the right team members in place.

At the end of the day, it all comes down to the people on your team and if you have the right people in the right seats.

We will have a remote managing expert who can help address this within the Program as well.

Absolutely. It’s important to be in a growth and learning mindset, but we all must start from somewhere. I encourage beginners to start with ‘proof of concepts’ and develop their fundamental skills when first starting off in real estate. As you develop and grow, so can your projects.

Hacking is a common term that means to take something that is traditionally used one way and create multiple uses with relatively little work or money.

Land hacking borrows from that same concept. Where most folks focus on a 1:1 door-to-property ratio – we look at 2:1, 3:1, 4+:1 income-to-property ratio.

This is not a get rich quick scheme. This does require funding and hard work. But that’s all relatively cheap when compared to the rewards.

Absolutely. For folks who do not have a lot of funds in the beginning it’s good to get started and gain the knowledge, experience and skills of acquiring, setting up contracts and then building out a site to then host.

Leasing does have some downsides though. The key ones being:

1. No equity
2. Stuck in a contract
3. Land owner can steal your idea
4. Can be more expensive than you think

A few months to a year plus. It really is dependent on if you plan on doing this part-time or full-time and how big your team and budget is. Smaller operations can get up and going within a few months with the right team. While larger projects may stretch well over a year.

But when you’re done you will have (should have) created significant equity and cash flows from your land.

Short answer – whatever photographs the best. People these days make decisions off of photos and videos on their cell phones. But the more thorough answer is to understand which design styles (which we talk inside the Program) are most attractive to your customer base and create the design around that. Include aspects and elements that will stand out in both photos and when guests arrive. I call these statement pieces.