Buy land for $10k, and make $1,500 a month on it?

It's not just possible, turns out it's repeatable.
A thread on glamping and land grabbing:

All started when Kate Hacock told me she bought 3 acres of land in Joshua Tree for $10k (on a Contrarian Thinking call)

She wanted a biz that was low maintenance, low cost, low risk & didn’t have much wear and tear.

A plot of literal dirt appears to hit those parameters.

I like Kate, but my motto is question everything, I didn’t believe you could get land in Joshua Tree for $10k. Turns out, joke is on me.

Hundreds of acres for sale surrounding Yellowstone, Joshua Tree, Moab, etc for prices ranging from $5-20k an acre.

Anywho, Kate bought the property for $10k (straight cash but definitely some better ways to finance this)

Puts it on two sites: @Airbnb @vrbo under campsites (who knew that even existed??)

Charges $50 a night (w/ multiple sites per acre), brings in $1500 a month.

Math break:
Airbnb charges her 3%
Land Tax - Changes a lot by state (but national average about 1%)
Clean-up, oversight - 5%

That’s a 91% profit margin and she’s at breakeven in 7 months

Not to mention the potential appreciation of 3-5%/ year and the tax write-offs if she adds units to the sites.

So Kate takes home $1455 a month on dirt. Not bad. Also quite scaleable.

Does she want to add a manager for 25% of the profits?

That’s still $1095/ month.

Or a 10-15% return per month, around 180% in a year.

Not bad.

I bought some acres... let's give Kate a run for her money. What else do you want to know? Whole breakdown on CCF.

Want the full breakdown and more like this https://contrarianthinking.co