Christian Osgood bought a million-dollar rental property generating $10,000 a month on Airbnb with zero out-of-pocket cash, even when broke. He argues multifamily assets are more passive and profitable than single-family flips, and easier to acquire despite their size.
Chapters
If you're going to buy real estate, you got to go big, which means you probably need to buy beyond the money you have. This million-dollar house behind me that rents for about $10,000 a month on Airbnb, I bought with $0 out of pocket. I bought it when I was dead broke. I actually bought this in my first year of buying real estate. This is what I learned. It is really, really hard to start a small business and make any money, and it's a ton of work. If you're trying to Airbnb and you're buying these little single-family houses, trying to scale your business, what you find is a lot of people do a lot of work for very little actual profit. If you're going to do any business, multifamily, hospitality, do not do small single-family. You have to go big. It makes so much more money. It's so much more passive. And it turns out when it's bigger, it's actually easier to buy, not harder. Reply with the word zero if you want me to send you a video on exactly how you can buy assets like this— multifamily, hospitality, businesses, the whole nine yards— how you can buy them $0 out of pocket. I'll send you a link.