Episode 371: Following Your Passions & Navigating Airbnb Success by Building Unique Homes w/ Whitney Hansen
Journey To Launch
Jamila Souffrant
5 • 1.7K Ratings
🗓️ 24 April 2024
⏱️ 50 minutes
🧾️ Download transcript
Summary
After paying off $30,000 of debt in 10 months, paying only $472 for her MBA, and buying her first home at 19, Whitney Hansen discovered her love for teaching others how to get better with their money. She travels frequently, teaches college students about personal finance as an Adjunct Professor, and tests side hustles for fun.
Whitney’s most recent side hustle includes unconventional real estate investments of building a geodesic dome and a flower pot Airbnb. We chat about the creative approaches to finding and developing unique properties, as well as the financial aspects of these projects and how to navigate the Airbnb business successfully.
In this episode you will learn:
- Why personal finances must be in order before investing in real estate
- The importance of understanding local regulations, seeking professional help, and creating accurate cost estimates during the planning phase.
- The need to consider multiple revenue streams when investing in short-term rentals
- Why property owners should manage their own properties rather than use property managers and much more!
Check out photos of Whitney's Cascade Dome and Idaho Flower Pot Airbnb at https://journeytolaunch.com/episode371
Transcript
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| 0:00.0 | The first thing you have to do is look at your own personal finances and I hate that we always have to go back to this but it's kind of true if you don't have a good financial foundation |
| 0:11.3 | Real estate investing even if it's long-term rentals, it can |
| 0:15.1 | literally bankrupt you if you're not careful. |
| 0:17.6 | T-minous 10 seconds. |
| 0:19.9 | Welcome to the Journey to Launch Podcast with your host Jamila Sufraud as a money expert who walks her talk. |
| 0:27.0 | She helps brave journeyers like you, get out of debt, save, invest, and build real well. |
| 0:34.0 | Join her on the journey to launch to financial freedom in... |
| 0:38.0 | Five, four, three, two, one. |
| 0:49.0 | If you want the episode show notes for this episode, go to Journey to Launch.com, or click the description of wherever you're listening to this |
| 0:54.7 | episode in the show notes you'll get the transcribed version of the |
| 0:58.9 | conversation the links that we mentioned and so much more. |
| 1:02.8 | Also, whether you are an OG journeyer or brand new to the podcast, |
| 1:07.0 | I've created a free jumpstart guide to help you on your financial freedom journey. |
| 1:12.1 | It includes the top episodes to listen to, |
| 1:14.4 | stages to go through to reach financial freedom, resources, and so much more. |
| 1:18.7 | You can go to Journeyto Launch.com slash jumpstart to get your guide right now. |
| 1:24.0 | Okay, let's hop into the episode. |
| 1:28.0 | Hey hey, journiers. |
| 1:30.0 | Welcome to the Journey to Launch Podcast. |
| 1:32.0 | This week I have Whitney Hanson back on the show. |
| 1:35.9 | She was first on the podcast back in 2018. |
| 1:39.6 | Episode, what was it, 29? |
... |
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