Calvin Tran, fresh out the shower and dripping in Yves Saint Laurent cologne, looks like he just peeled himself off a GQ cover.
Meanwhile, I look like a pile of dark laundry on its way to the washer.
Calvin could probably choke a lion to death with his bare hands and not even break a sweat.
Me? I sweat just thinking about sweating.
Maybe when you sell an Airbnb course that costs $8,000, your swagger reaches stratospheric levels – who knows.
Keep reading for my Calvin Tran review.
A few years back, Cal had just finished PA school and was working 60 hours a week between two dream jobs.
He was making great money and putting a lot of it towards the $190k in student debt he had racked up.
But, over time, the grind caught up with him.
He stopped working out, pretty much slept whenever he wasn’t in scrubs, relationships suffered, and he basically felt how Jack Nicholson looks: just ornery and disgusted all the time.
So he said deuces to one of the jobs… and used the extra time to look for ways to make passive income.
He tried day trading, then Amazon, then bought a long-term rental. None of it amounted to anything.
Finally, he discovers Airbnb rental arbitrage, aaand – bingo!
Within three months, Calvin claims to have grown his Airbnb business to multiple six figures, without owning a single property or leaving his main job.
Today he says he makes over $200k per month, has complete freedom, drives Porsches and G-Wagons, eats the finest foods, and travels to places with views so stunning it makes you emotional.
That’s one helluva glow up.
I feel like in that same timeframe all’s I’ve done is developed a nervous tic and lost half my net worth on DraftKings.
Anyways.
Let’s hear a bit more about how Cal actually goes about this.
Here’s a quick overview of his approach.
Step 1 is to open up an LLC with LegalZoom.
Step 2 is to make the LLC a property management company in your state.
Step 3 is to grab the EIN number and take it to Chase Bank.
Step 4 is to then apply for a Chase Business Cash Credit Card, which has 0% APR for 12 months.
If your credit score is above 600, you can expect to get approved for about $30,000.
Step 5 is to head over to Zillow.com.
Filter for three or more bedrooms, under $4,500 a month in rent, and it’s gotta be near a popular location in your area.
Step 6 is to open up Rabbu.com in another tab.
Find all the best-performing properties nearby – ones that’re doing at least $10,000 a month in revenue.
Step 7 is to jot down what separates those units from the competition.
Examples:
- Free parking
- Jacuzzi
- Game room
- Office
- Cool back yard
- An extra bedroom
- A popular attraction within walking distance
And so on and so forth, right? Now…
Step 8 is to reach out to the landlords that either already have those amenities or have room to add them.
Ask ’em if they’ll allow you to sublease if you commit to a 3-5 year corporate lease.
When you get a yes…
Step 9 is to furnish the property using Wayfair and Living Spaces.
And, finally?
Step 10 is to list and market the property on Airbnb, Vrbo, Booking.com, etc.
And here’s what you should be aiming for:
- Charge $300+ per night.
- Stay 85% occupied.
- And be 5-10% cheaper than everyone else.
If you do this, you should be able to bring in $8,000+ per month while your rent is only, let’s say, $4,000.
After other expenses, you’re clearing $3,000 or more, easy, Calvin says.
Just add water to the fill line, microwave on high for three and a half minutes, and stir in the cheese powder, right?
Verdict?
Look, man, shout out to Calvin for walking the walk, but charging $8k for his High Performance Host coaching program? That’s a stretch.
Plus, I’m hyperventilating imagining all the stress and liability that comes with this.