$8.4/Month with STR with Tiny house in Joshua Tree

[Ariel G.]

Nice article about about an investor that followed @Robert Abasolo foot steps and built a tiny house in Joshua Tree and is cash flowing $8.4k/month. They even moved in with their parents and still kept the W2 job to save on more to buy more properties. That is determination! 

https://www.businessinsider.co...

[Ryan Moyer]

I love the story, but I think there is some creative accounting being done here to make this look better than it is.  The $1100/mo for his loans and PM fee sounds pretty dubious.  It says he has $165k in loans for the down payment alone via personal loan, bitcoin backed loans, and a heloc.  I'm a crypto guy, those bitcoin backed loans are not cheap.

Also worth noting that $1100/mo it looks like only includes the loans (still seems dubious it would cover even that) and PM fee.  Not utilities, homeowner's insurance, property taxes, software, platform fees, etc.  So saying his total expenses are $1100 while not adding in all that stuff again is misleading.

Also worth noting that he paid about 60% of the cost in cash (drained his entire retirement accounts).  Not too terribly difficult to cashflow well when you're essentially putting 60% down.

Still sounds like a good deal overall for him though.