Want multiple streams of income from one property? Enter “land hacking”. Kai Andrew describes land hacking as extracting as many income streams as possible from one piece of property. That means having the main house for long-term rentals, a small ADU for short-term rentals, a glamping tent in the back, and potentially some farmland being rented out as well.
Only someone as creative as Kai could come up with this sort of strategy. In fact, Kai started out house hacking for his first real estate investment at the age of 21. He rented out to family members and friends before he saved up enough cash to start buying short-term rental properties around his local area of Portland, Oregon.
As his short-term rental portfolio began to grow, Kai started investing in more “unique” opportunities, like shipping container homes, glamping, or A-frame builds. He also set up criteria that he terms “the golden triangle” for all his unique experiences. These unique homes have helped him grow his portfolio, his profits, and take home a sizable amount of equity between his 12 doors.
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Join the Real Estate Rookie Facebook Group:
/ realestaterookie
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www.bpcon2021.com/
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get.biggerpockets.com/new-roo...
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Work with Kai Andrew:
www.kaiandrew.com/
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Subscribe to Kai’s KZfaq Channel and Follow Him on Instagram:
KZfaq: / kaiandrew
Instagram: / kaijandrew or @kaijandrew
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Episode #107
Show notes at: www.biggerpockets.com/rookie107
0:00 Intro
2:47 Ditching Engineering for Business
5:46 The First House Hack
8:14 Kai's Current Portfolio
12:57 Putting Together an 'Investor Presentation'
16:42 Rental Arbitrage
26:50 Land Hacking
29:55 Creating "Unique" Experiences for STRs
39:34 Deal Deep Dive
48:37 The Mindset Segment
58:38 Rookie Request Line