Today, we’re going to talk about Noelle Randall and her BNB Riches training program. Is she legit? Let’s see in this Noelle Randall review.
First of all, let me commend you for doing your due diligence first before you invest your money in the program she’s offering.
As you may already know, there are several people out there claiming that they know a good opportunity to make money, especially online. And that it’s thanks to that opportunity that they’re able to achieve financial success in their lives.
And they’re willing to present that opportunity to you so you can achieve the same level of success as theirs. For a price, of course.
Unfortunately, the legitimacy claims of these people and opportunities can always vary.
Some of them are proven to be legit. A few of them are just scams in disguise. Still, others may very well be legitimate, but they don’t work well according to what you want to do.
That’s why, before you spend your hard-earned money to join any of these opportunities, it’s of utmost importance that you do plenty of research first. So that you can decide for yourself if the opportunity offered is something that you’d like to do, or not.
And this is what this Noelle Randall review aims to do. Hopefully, this review can help you out with that important decision of yours.
As a disclaimer, this is a fully unbiased Noelle Randall review, based solely on my own observation and honest opinion. Furthermore, I’m not affiliated with Noelle Randall or any of her programs as well, so you won’t be expecting any affiliate links to them here.
|About The Author
I'm the guy who has tried out and reviewed countless opportunities out there related to the making money online niche. Whether it be MLM companies, online apps, courses, or others. As long as it claims to help you make money online, it's worth taking a look for me.
I started my online business journey back in November 2017, with lots of zeal and motivation. Simply put, the journey wasn't easy. As I was put into a very bad situation several times.
But to cut the long story short, with all the hard work and hustle, I finally did it. I finally tasted success at online marketing.
Today, I'm making money online on a full-time basis, and this website is just one of the many I created. While my specialty is taking a look at various ways to make money online and reviewing them, I also do toy reviews on occasion.
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Who Is Noelle Randall?
Noelle Randall is a real estate investor, and a well-known one at that. While she may not be on the same level as Thach Nguyen and Jamil Damji, she seems to be quite successful at real estate investing in her own right.
According to her, the reason why she started investing in real estate, because she also wanted to get out of the usual 9-5 job (just like most of us feel). She didn’t even become a full-time real estate flipper until 2017, because, in her own words, she “just wants to please society”.
But eventually, she decided to go full-time, and became quite successful in doing so.
She’s also the creator of an online training program called BNB Riches. This program teaches a rather unique way on how you can make money on real estate, using, yes, you guessed it right, AirBNB.
Aside from that, she also has her own YouTube channel which contains videos about real estate, as well as other things about making money online. Currently, she has around 535k subscribers on her channel, thus further proving her credibility as a real estate authority.
Between investing in real estate, managing her YouTube channel, as well as being a full-time mother, you can see that she’s quite the hustler. Thus, you can say that whenever she claims she has made hundred thousands, possibly even millions, in real estate, she seems to be telling the truth.
And she also claims that, through her BNB Ruches training program, you can replicate her success. But the question is, can real estate also work for you? Let’s find out.
Noelle Randall Review: BNB Riches Quick Details
- Name: BNB Riches
- Website: https://bnbriches.com/airbnb-riches-membership
- Type: Online Training Program
- Creator: Noelle Randall
- Niche: Real Estate
- Price: $997
- Recommended?: If want another stream of income using your current real estate investments, then this business idea could work for you. But do take note that real estate nowadays is rather expensive. And the way I see it, this business model may operate on a loss in some days if you don’t manage it well.
What Is BNB Riches?
BNB Riches is an online training program that teaches you everything you need to start and manage your own rental arbitrage business.
Rental arbitrage is a business model in which you basically let others rent the properties you don’t technically own. Basically, it works like this.
You apply for a long-term lease contract (usually a year or more) for a property of your choice, but you’re not going to settle there. Instead, you’re going to open up that property for a short-term rent basis. Usually, you can achieve this by creating a listing on online services like AirBNB (hence, the course title).
BNB Riches will give you training on how to set up this kind of business. From scouting for good rental locations, to listing and promoting your rental business. There’s even some tip on how you can deal with most of the legal matters needed to make this work.
The advantage of this business model, is that it can help you earn passive income from all the rents your property can get. And a large amount, too. Furthermore, you don’t even need to take a mortgage loan or anything to get this business started.
The downside of this, of course, is still the high cost needed. You still need to furnish and fix the property to make it more presentable and attractive to would-be renters.
But more importantly, the responsibility of the integrity of the third-party renter falls on you. Which means, when the renter has done something that can be quite damaging and hassle to the landlord of the property you leased, you yourself are to blame for it.
Thus, unless you’re into real estate and aware of the costs, I can really recommend this business model to everyone.
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What Can You Get From BNB Riches?
The entire BNB Riches program only consists of four modules. For an online course, this may seem very short (and it is). But these four modules already cover everything you need to know about the entire business model.
Aside from these modules, BNB Riches also contains downloadable scripts, tools, and other resources that you’ll need in order to resolve various tasks that you may encounter when starting your rental arbitrage business.
Here’s a quick overview of the modules that are contained within.
MODULE 1: Starting A Six Figure Business Fast
To start the training, this module will introduce you to the rental arbitrage business model. Most especially, this will talk about all the things that you’ll need to do to get started.
Here, you’ll be given guidelines on spotting the best real estate investment opportunities around. You’ll also be taught how you can leverage the rental arbitrage business to offset the cost of your rent for the property, as well as how you can promote your AirBNB listing and generate leads.
Finally, as with any other business training courses, BNB Riches also has a mindset training lesson. This is to ensure that you’re mentally prepared and determined before you start this business (or any other business for this matter).
MODULE 2: Getting Profitable Properties
The first module tells you everything you need to get started in rental arbitrage. The second module, however, now teaches you how you can actually implement these things.
Here, you’ll be taught on finding the best rental deals that you should get to start your business. There are two important things to take note of when doing this: Price, and accessibility to several major establishments (or tourist spots).
This module will also teach you their so-called “secret method” to determine if a rental would be profitable for you or now, and if not, the steps to turn it more profitable.
This module will also teach you the things that you need to do on a daily basis while you’re running a rental arbitrage business.
Finally, you’re going to learn here about lease contract addendums and how to legally operate the business with the owner’s written consent. You’ll even get some templates for those written contracts.
This is so you can avoid getting into potential legal troubles that may be imposed by your landlord should you do this the wrong way.
MODULE 3: Prepare It And List It
This module will now tackle the subject of how to prepare your rented property so that it’ll be suitable for anyone who wants to rent it via AirBNB.
Basically, you’re going to either fix the property yourself, or find a third-party service to do the work for you.
This section will also teach you how to make a proper AirBNB listing to make it more attractive to potential renters. Including the pictures that are needed to be shown on the listing.
MODULE 4: Manage And Grow Your Business
The final module now focuses on how you can scale your rental arbitrage business so you can earn more profits while minimizing costs.
This lesson will cover subjects like analyzing your leads, how to get consistent bookings, and getting the original owners of the property to work with you.
This module also tells you the advantages of adding more real estate investments to your portfolio.
In addition to the modules and resources, you’ll also get a few coaching calls from what is claimed to be Noelle’s top coaches in this online course.
These coaching sessions are only available for the first 3 months of joining this course, and are done on a weekly basis.
Is Noelle Randall’s Real Estate Business Model Profitable?
In my own opinion, rental arbitrage has the potential to let you earn thousands of dollars worth of passive income. And Noelle Randall’s claims of earning hundreds of thousands of dollars from this business may have some truth.
But you see, AirBNB rentals are extremely seasonal. This means in some seasons, you may get several bookings to your listing, especially if you own several properties listed. And the income that you’ll receive from these bookings can be more than enough to cover the costs of your own rent to that property.
However, there will be times that you may not even receive any bookings at all. And even worse, even if you may not receive any booking, your own rental fees to the original landowner won’t surely stop.
So there’s a chance that you may be operating at a loss.
This is even further emphasized in today’s situation. The COVID-19 pandemic has severely limited leisure travel due to the quarantine protocols. As a result, there will be fewer staycation bookings for your listings.
Apart from your rental fee, you’ll also have to deal with a variety of costs, like utility fees (electricity, water, internet), maintenance fees, and even some others. Which, obviously, could further deduct from the income you receive.
But the biggest issue here is that, ultimately, it’s the landlord of the property you’re renting who has the final say on anything. If any damage is done to the property by your renter, you’ll be ultimately responsible for its repair costs. Even worse, if the business idea gives the landlord any inconvenience, he/she has the right to halt its operations.
But overall, rental arbitrage is still profitable. It’s just not really recommended due to the potential workload it may incur to you.
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Is Noelle Randall & BNB Riches A Scam?
Absolutely not. I think Noelle is a legitimate real estate investor, and she surely knows the real estate industry well.
BNB Riches is also not a scam course for me. But due to the reasons stated earlier, it’s not really recommended to even get into this business model unless you really are committed to real estate.
Pros And Cons Of BNB Riches
- The business model itself has the potential to help you earn a good amount of passive income. Essentially, you’re getting the advantages of real estate investments, without subjecting yourself to the very expensive costs usually associated with it.
- Noelle Randall is definitely legitimate and a reliable real estate investor.
- The online course is short and quick, yet contains everything you need to get started (this is both a pro and a con).
- Noelle Randall is also very transparent when it comes to the pricing of her courses. In fact, it’s shown in plain sight on her website for this course.
- For an online course that teaches you a side hustle, this is quite expensive. Also, the course is just too short, that the price isn’t justified for the number of lessons contained here.
- There’s no refund policy.
- The business model is quite risky. And it’s very seasonal, so there will be times that you may not earn a lot of money from this business model at all.
- It’s sometimes quite a hassle to deal with all the legal matters with your landlord before you can start this business.
- Once the property owners catch wind of how profitable the business is, they would eventually decide to do it themselves. That is not good, considering how your business depends on asking them for permission to conduct.
Alternatives To BNB Riches?
The closest alternative that you can get from Noelle Randall’s BNB Riches is Jorge Contreras’ The Real System. It basically teaches the exact same business model of rental arbitrage, with no noticeable difference at all.
If real estate is your thing and you want to learn how to invest in it for real, however, there are a couple of courses that can give you a comprehensive lesson through it.
Del Walmsley’s Lifestyles Unlimited and Shawn Moore’s Vodyssey are just some examples of it. Pace Morby’s Subto is also another online course that teaches you a unique way of investing in real estate, while Bob Diamond‘s Overages Blueprint is another unique training program about real estate.
But ultimately, getting started on investing in real estate can be very hard, and could cost a lot. For this reason, you may want to just look at other options to make money online.
Noelle Randall Review: Final Thoughts
Before I end this Noelle Randall review, I would like to share a few more insights that could help you.
The goal of Noelle Randall’s online course is to help you build a business without having to own any properties. These mentors make it sound so easy, as if you are guaranteed profit by renting AirBNBs left and right.
The truth is that these days, the AirBNB business is slowing down. This is because of the pandemic, and the new variants of the virus coming to light. The government is once again placing restrictions, meaning that those in the accommodation business are looking at months of little to no income again.
Not to mention that, since you don’t own the property you’re renting AirBNBs for, you don’t have total freedom over it. The landlord does. Hence, your business will be shut down immediately if he/she decides that they don’t like that kind of arrangement.
If you want to get into a business like this, then I suggest checking the restrictions first. It would not be helpful if you get into a business that would not make you any money.
Also, a side hustle is something that is supposed to make you money, no matter if there is a lockdown or not. This opportunity is simply not the one you should be looking at.
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