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Ep 061: The perfect AirBnB deal formula
02:24 – Kyle talks about creating a formula for finding a potential deal. 33% is exactly what you are looking at when it comes down on dividing a net profit into the gross profit says Kyle.
03:08 – Kyle tells the reason why he brougth up this formula. Kyle is giving us the least arbitrage AirBnB formula.
06:00 – Kyle explains how the formula works on sampling Nate’s gross income. $3500.00/ $10K makes 35% net to gross ratio means he’s got himself a deal Kyle explains.
08:56 – If you’re cashflowing a thousand dollar a month but you’re spending more that $3K to $4K dollars a month in expenses that is not a good deal says Kyle. Kyle suggests to go to his website www.fearlessflipping.com/airbnbhost and download the AirBnB calculator.
10:15 – Kyle says if you are not evaluating your property correctly it doesn’t matter what numbers you end getting because you’re not evaluating it correctly. Kyle says if you hava a property looking at right now all you need to do is download AirDNA and download the AirBnB profit calculator on www.fearlessflipping.com/airbnbhosts.
12:59 – The closer your net income to your gross income are the more the more opportunity to withstand low occupancy and any sort of issue your city may arise with AirBnB says Kyle. The goal is 50% or more and 33% is the rock bottom Kyle clarified.
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