Join Early Retirement Today
Reply
 
Thread Tools Display Modes
The next Airbnb
Old 06-19-2013, 06:05 PM   #1
Thinks s/he gets paid by the post
NYEXPAT's Avatar
 
Join Date: Jul 2009
Location: Miraflores,Peru
Posts: 1,992
The next Airbnb

My wife does very well with Airbnb (20%+ annual returns) and is now going to start with the next big thing in social networking www.eatwith.com She will be the first in Peru,which is one of the worlds culinary capitals! It will probably double her returns on the Penthouse and will open up a lot of cross publicity!

Long ago my Father told me "you can't teach a women to save money, but you can teach her to make it".

My Ex successfully ran a company I started for her which financed my early retirement and now young wife#2 is coming online!
__________________
NYEXPAT is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 06-19-2013, 08:22 PM   #2
Thinks s/he gets paid by the post
photoguy's Avatar
 
Join Date: Jun 2010
Posts: 2,301
Can you clarify what you mean by 20% annual returns in Airbnb? I believe it's a private company so are you talking about the gain on renting out a room/house vs the cost of mortgage+maintenance?
photoguy is offline   Reply With Quote
Old 06-19-2013, 09:35 PM   #3
Recycles dryer sheets
inky's Avatar
 
Join Date: Apr 2009
Posts: 125
This is very interesting. I hope it takes off.
inky is offline   Reply With Quote
Old 06-20-2013, 08:48 AM   #4
Thinks s/he gets paid by the post
NYEXPAT's Avatar
 
Join Date: Jul 2009
Location: Miraflores,Peru
Posts: 1,992
Quote:
Originally Posted by photoguy View Post
Can you clarify what you mean by 20% annual returns in Airbnb? I believe it's a private company so are you talking about the gain on renting out a room/house vs the cost of mortgage+maintenance?
No,I don't own any part of Airbnb and yes, you are correct that is "net return" based on the original purchase price and not adjusted for the 300% capital gain she has on paper!
NYEXPAT is offline   Reply With Quote
Old 06-20-2013, 12:35 PM   #5
Thinks s/he gets paid by the post
walkinwood's Avatar
 
Join Date: Jul 2006
Location: Denver
Posts: 3,505
I like the eatwith concept, but their coverage is very limited now. Are you aware of any other sites like it?

Thanks - interesting post. We haven't used Airbnb yet, but plan to later this year.
walkinwood is online now   Reply With Quote
Old 06-20-2013, 10:58 PM   #6
Thinks s/he gets paid by the post
MooreBonds's Avatar
 
Join Date: Aug 2004
Location: St. Louis
Posts: 2,179
Quote:
Originally Posted by walkinwood View Post
I like the eatwith concept, but their coverage is very limited now. Are you aware of any other sites like it?

Thanks - interesting post. We haven't used Airbnb yet, but plan to later this year.
While I'm all for capitalist endeavors, I do wonder about this concept regarding health inspector laws, sales taxes and the like.

True, many commercial establishments would likely make my stomach turn over if I saw what happened on a good night while preparing my dinner...but still, there is some level of supervision that many 1st world societies have regarding food safety and regulation that probably wouldn't sit well with this.

And that's not even getting into the whole 'commercial' designation for places (condos/homes) if you're inviting the public into your home, whereby just from a plumbing perspective, you get into things like grease interceptors, 180 degree water from a booster heater (or chemical sanitation) on your dishwasher, etc. Not to mention various electrical, mechanical, and even electrical (think: ADA accessibility just for starters). Then add in the factor of condos/co-ops if you're essentially running a business (even part-time) with members of the public coming by.

It could work in a 3rd world country without the red tape and regulation, but I'd bet the New York operations (and any other US cities) get shut down in the near future.
__________________
Dryer sheets Schmyer sheets
MooreBonds is offline   Reply With Quote
Old 06-21-2013, 01:41 PM   #7
Thinks s/he gets paid by the post
walkinwood's Avatar
 
Join Date: Jul 2006
Location: Denver
Posts: 3,505
Quote:
Originally Posted by MooreBonds View Post
While I'm all for capitalist endeavors, I do wonder about this concept regarding health inspector laws, sales taxes and the like.

True, many commercial establishments would likely make my stomach turn over if I saw what happened on a good night while preparing my dinner...but still, there is some level of supervision that many 1st world societies have regarding food safety and regulation that probably wouldn't sit well with this.

And that's not even getting into the whole 'commercial' designation for places (condos/homes) if you're inviting the public into your home, whereby just from a plumbing perspective, you get into things like grease interceptors, 180 degree water from a booster heater (or chemical sanitation) on your dishwasher, etc. Not to mention various electrical, mechanical, and even electrical (think: ADA accessibility just for starters). Then add in the factor of condos/co-ops if you're essentially running a business (even part-time) with members of the public coming by.

It could work in a 3rd world country without the red tape and regulation, but I'd bet the New York operations (and any other US cities) get shut down in the near future.
I just want to eat local food with local families - not run this as a business.
walkinwood is online now   Reply With Quote
Old 06-22-2013, 05:29 PM   #8
Thinks s/he gets paid by the post
NYEXPAT's Avatar
 
Join Date: Jul 2009
Location: Miraflores,Peru
Posts: 1,992
Quote:
Originally Posted by walkinwood View Post
I like the eatwith concept, but their coverage is very limited now. Are you aware of any other sites like it?

Thanks - interesting post. We haven't used Airbnb yet, but plan to later this year.
I do not know of any other sites, but I have not looked either. The company started recently in Israel and I am sure the concept will be easily scale-able to all the major food destinations in the world.

They appear to be swamped as DW applied to be a host a week ago and has not heard back yet (we live in one of the worlds top 10 food destinations).

It's a win/win for me as DW makes money and I get to sit around and eat/drink with interesting world travelers!
NYEXPAT is offline   Reply With Quote
Old 06-23-2013, 05:23 AM   #9
Thinks s/he gets paid by the post
 
Join Date: Apr 2005
Location: Duesseldorf, Germany
Posts: 1,202
I noticed this is an interesting trend in Germany, too, called supperclubs, guerilladinner or guestaurant.
chris2008 is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


» Quick Links

 
All times are GMT -6. The time now is 12:39 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.