Today we will be reviewing a program called 10XBNB. Is it legit? Find out in this 10XBNB review.
Need an unbiased opinion on 10xBNB? Do you want to know if this is a hoax or not? Airbnb is rapidly expanding to become the dominant player in the lodging market.
And because it is decentralized, it will only continue to grow. Since more and more people are likely to start renting out their homes, this creates a tremendous potential for financial gain.
Can you ever fathom making six figures with an AirBnB listing?
Shaun Ghavami and Ari, creators of the new 10XBNB course, promises to provide just that.
They advocate a special strategy they term “bed flipping” that, they say, is the key to making a fortune using Airbnb.
Sounds pretty intriguing, right?
Before you decide to sign up for this program, you should read this 10XBNB review first.
DISCLAIMER: This is a fully independent review. I’m not affiliated with 10XBNB in any shape or form whatsoever.
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10XBNB Review: Quick Details
- Name: 10XBNB
- Founders: Shaun Ghavami and Ari Rahmanian
- Website: https://learn.10xbnb.com/
- Socials: N/A
- Type: Coaching
- Niche: Airbnb
- Recommendation: I do not recommend investing in an Airbnb business, as it requires capital, as well as a lot of time and effort.
What is 10XBNB?
10XBNB is a coaching program that teaches you all you need to know to start an Airbnb business that makes $10,000+ per month in as little as a few months, even if you have no prior experience with the platform.
You’ll learn the ins and outs of finding prime real estate, negotiating with sellers to secure unbelievable bargains, managing your homes to ensure they’re constantly full of paying visitors, and scaling your business swiftly to reach six figures in monthly revenue.
Using this tried-and-true method, anyone, even those strapped for cash or with poor credit, may begin producing cash flow within weeks by flipping beds.
So, basically, it’s a well-kept secret that you can use the most popular and rapidly expanding platform in the world right now — AirBnB — to generate passive income and amass riches.
Professional Airbnb investors Shaun Ghavami and Ari Rahmanian served as inspiration for this 10XBNB initiative.
Since they’ve worked behind the scenes for years answering questions and resolving issues for other Airbnb hosts, they know the answers to every possible inquiry and how to avoid any potential pitfalls.
Who are Shaun Ghavami and Ari Rahmanian?
Airbnb Superhosts and real estate investors Shaun Ghavami and Ari Rahmanian have a combined portfolio worth over $100 million.
They also created the 10XBNB program.
Like every disruptive invention, 10XBNB was conceived in response to a problem; in this case, Shaun and Ari’s inability to escape the confines of the traditional 40-year corporate retirement plan.
Even though they observed others pursuing their passions by founding their own restaurants and B&Bs, they felt this was an impossible goal to achieve on their little incomes.
One day, Shaun decided to put his apartment’s extra bedroom up for rent on Airbnb and soon found himself earning money as he slept.
Since he and Ari realized they could use Airbnb to generate money even while they slept, they decided to enter the real estate flipping business.
However, Shaun and Ari ran into trouble before they even began: they didn’t have any money saved up.
In order to enter the Airbnb market without paying any money or taking any chances, they devised a technique of “bed flipping” to generate cash.
They were the first to promote this concept in late 2017, and their efforts paid off when they booked more than $5 million in revenue in 2018.
The two then went on to start Iconic Retreats, a vacation rental management firm dedicated to maximizing profits for homeowners and investors via the provision of a premium service experience.
Their success has resulted in over a thousand five-star ratings on their listings, placing them in the top one percent of all Airbnb hosts globally.
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What is Iconic Retreats?
Iconic Retreats is an all-inclusive vacation rental company that revolutionized the idea of renting with less effort.
They provide a full range of services, from professional marketing to individualized concierge assistance, for the benefit of both residents and visitors.
They have an impressive selection of mansions and cozy cabins in the mountains in their portfolio. To ensure that even the pickiest of guests will enjoy their stay, we personally inspect and approve each and every one of our properties.
Iconic Retreats is an Airbnb property management company that has raised the bar for quality accommodations in Vancouver, Whistler, Kelowna, and Tofino.
10XBNB Overview
So, first, you’ll need to choose between the 3 packages the 10XBNB program offers according to your needs and interests:
- Do-it-yourself 10XBNB package: Great for people who have done this before and know what they’re doing.
- Done-with-you 10XBNB VIP package: This is for people who want the experts to help them out, but don’t really want to be hands-on with the whole thing themselves.
- Done-for-you 10XBNB Diamond package: This package is designed for people who know they want to be in the business of flipping homes, but aren’t sure what that entails exactly or who would prefer to have someone else handle most of the legwork for them
Step 1: Bed Flipping
“Bed Flipping” is a term coined by Shaun and Ari to describe their innovative approach to becoming an Airbnb “host” without owning your own property.
Within the 10XBNB program, you’ll gain comprehensive insights into the art of leveraging other people’s properties to generate income on Airbnb.
This includes everything from attracting homeowners and landlords eager to collaborate with you to effectively managing a property and earning a share of every booking fee.
This option is particularly appealing if you’re on a budget or lack capital and expertise in the real estate industry.
After all, landlords shoulder all the expenses, handle repairs, provide the accommodations, and your role is simply to optimize occupancy and reap the profits.
Step 2: Rental Arbitrage
Rental arbitrage represents a form of real estate investment where you lease a property from a landlord and generate income by subleasing it for a higher rate than your monthly rent.
For instance, if you rent a house for $1,000 per month but can sublease it for $2,000 per month, you would realize an arbitrage profit of $1,000 each month.
Once you’ve accumulated a minimum of $5,000 from bed flipping, the 10XBNB team will unveil invaluable tips and strategies that empower aspiring entrepreneurs to secure lucrative deals.
They’ll provide comprehensive guidance on achieving “arbitrage profit” (3-6 times the rent you pay to the landlord) on Airbnb, drawing from Shaun and Ari’s extensive experience and a track record of success among countless individuals just like yourself.
Step 3: Ownership
When you’ve accumulated a substantial amount—say, at least $50,000—either through bed flipping or rental arbitrage, or if you already have such capital available, it’s time to consider property ownership.
With the support of 10XBNB, you’ll acquire the skills necessary to identify promising properties on Airbnb and unlock their full potential for maximizing return on investment.
Furthermore, Shaun and Ari will impart invaluable wisdom on how to minimize expenses during property acquisitions, ensuring that your profit margins remain as robust as possible throughout your real estate journey.
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What is Bed Flipping?
If done well, bed flippinh on Airbnb may be a lucrative business. The initial stage is to choose desirable lodgings that are frequently visited by a steady flow of guests.
After settling on a location, you’ll want to stock it with plush towels, sheets, and pillows for your visitors’ ultimate comfort. Guests’ departure means a rush to clean the room, replace the sheets, and replenish any used items. If you want satisfied customers and repeat reservations, you need to ensure a pleasant stay for your guests.
Your pricing approach may be optimized for both revenue and occupancy rates. Using these guidelines, you can start a successful Airbnb bed-flipping company.
This might be a wonderful method to make some additional money if you reside in a desirable area. You only need some more time and a spare bedroom.
Home and room rentals through Airbnb have become increasingly common as a result of the site’s popularity. If you happen to call a tourist hotspot home, this may be a fantastic way to supplement your income.
The first step is to locate an appropriate piece of real estate. After settling on a location, the next step is to outfit the space and post it on Airbnb. Once reservations begin coming in, it will be your responsibility to oversee the property and make sure everything is working properly.
Final Verdict – 10XBNB Review
Achieving success with the 10XBNB program holds immense potential, and numerous individuals have dived in headfirst, reaping substantial financial rewards in remarkably short periods.
However, it’s essential to recognize that this path won’t be a stroll in the park.
So, if you possess the time and unwavering dedication to treat this endeavor with the seriousness it demands, then you’re on the right track.
However, if you’re seeking an effortless journey, we kindly advise you to reconsider your application. 10XBNB is exclusively for individuals who are genuinely committed to the cause.
Participating in the 10XBNB program involves a significant financial investment. To put it in perspective, think of it as the cost of a single semester in college.
While 10XBNB does offer scholarships and a financing option with a 0% interest rate, it’s important to evaluate your current financial situation and discipline.
If you lack a steady income or aren’t diligent with your finances at this moment, 10XBNB may not be the right choice for you.
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