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Friday, February 3, 2023

He bought a house in the United States for $17,000 and now rents it out twice on Airbnb

Ivan Ellis Nanni had always been a nomad. He took on the marketing job of touring the country on The Famous Idaho Potato Tour, where tourists took pictures with a giant concrete and plaster potato on a trailer. so in 2014 meet christy wolfefrom which he converted the original six tons of potatoes In a rental property on Airbnbsomething that would change the project of his life forever.

As their friendship grew, Inspired by these experiences, Ivan helped his friend build more housing. Thus, he finally decided to build his own property for Airbnb, on a trip whose story he related CNBC Make It. Now, he travels six months a year, while his sources of income have completely changed.

to carry out his plan in transaction He invested $17,000 in the land and spent the same amount to renovate the dilapidated existing property outside Boise, Idaho. money was saved for his work as a independent.

The Property Required Several Improvements, But More Than Recovered The Initial Investment.
The property required several improvements, but more than recovered the initial investment.Evan Ellis Nanni / CNBC Make It

In 2019, their focus was even more clear and it was time for a big announcement on the popular hosting platform. At first, he wanted to live there six months out of the year. It was futile to prolong it, as he only wanted to see the world. Among the sketches in his mind he had considered several options and even the possibility that he might leave it with his relatives when he was gone. Nevertheless, he chose the most profitable option.

The possibilities this accommodation offered inspired him to explode. It was so popular in mid-2020 that Evan decided to find another home and listed it on Airbnb for the rest of the year. The success surprised him; They reported a profit of $49,600 in 2022: “it became very popularNanni, 34, told CNBC. Make it

The personal idea exceeded their expectations and now the income allows them to Finance most of your trips. For example, he goes to Sri Lanka every year, where he organizes tournaments. So what started as inspiration from a friend turned into a great transformation.

His Accommodation Became Very Popular With Airbnb Users
His accommodation became very popular with Airbnb users

Now, the young man is working on building two other rental properties: one in Grand View, Idaho, which he bought for $78,000, and another south in Boise, Idaho. Which he bought in April last year for a down payment of $7,800.

As part of running her business, Nanni has to set aside at least two days a year to make sure her home is in tip-top condition for visitors. She works two hours a week to arrange accommodation and He pays $150 to anyone who helps him clean up.

In hindsight, the most important thing to him has been that it all taught him how to make money that fit his globe-trotting lifestyle. Too, Earn money helping other Airbnb hosts with repairs and maintenance on their properties. Thanks to these changes, which were also on a personal level, Ivan learned that he could increase his income and maximize the assets he already had: “I don’t like being out there, stagnant and empty, when one can benefit from them”, concluded.

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