What Is BNB Riches?
Purchasing real estate is likely to be one of the most significant purchases you will make in your life. In the hopes that it would appreciate in value in a few years, allowing you to profit and move on to the next investment.
However, this is considering that the property market is doing well during that time and there will be no significant stock market collapses.
With that in mind, many people have found success and become wealthy as a result of Airbnb. Renting out their home or their resthouses while they are on vacation or at work might earn them a lot of money.
But it’s a costly business strategy, and if you do it wrong, you can easily lose a lot of money or perhaps, even your home.
If this is something that interests you and your mind is filled with questions like how you can start an Airbnb business then this review is for you.
For today, we will be taking an in-depth look at BNB Riches and we will find out together if this course program can help truly you achieve success by getting started on an Airbnb business.
The fact that you’ve taken a moment to scrutinize this product before signing up should be applauded. You’ve done yourself a huge favor. Your due diligence will save you from potentially wasting your time and money.
A good bit of research always goes a long way in the fight against online scams. Creating a sustainable full-time online business is not difficult. You just need to know where to look.
Before we proceed I’d like to let you know that I’m not linked to BNB Riches in any sort of way and I’m not trying to sell you this product.
Instead, I’d like to show you why there are better online opportunities you can take advantage of that will make your online business thrive…
BNB Riches Product Review
- Name of Product: BNB Riches
- Owner: Noelle Randall
- Type of Product: Training program on how to start an Airbnb business.
- Cost of Product: one time fee of $997.
- Who Is This Product Best For? Anyone looking to start an Airbnb business, people with existing properties they can rent out.
BNB Riches Product Summary
BNB Riches is a training course that teaches you how to make the most of your Airbnb rentals by using rental arbitrage. When we think about real estate investment, we naturally think of big amounts of cash.
But this does not have to be the case, according to Noelle Randall. BNB Riches shows you a business strategy that does not even require you to own the property.
However, I disagree with Noelle’s claim that you can start this business on a low budget. It’s not something I’d recommend if you’re looking for a side hustle because it’s rather costly and way too risky.
I believe this is only something that could be effective if you already have existing properties that you own. If not, you’ll need a few rental homes that aren’t simply breaking even if you want to do this full-time.
Product Rating: 50/100
Would I Recommend This Program: NO
|Recommended: Discover how you can build a Full-Time 4-Figure Monthly Income with No Previous Experience.|
BNB Riches Background
BNB Riches is a real estate training program that teaches you how to establish and operate a business. Noelle Randall, a successful real estate entrepreneur with over 20 years of expertise in the field created the course.
Airbnb is a popular platform that you are probably already aware of. We all know that over time, it has now become a more budget-friendly and less expensive option to renting hotel rooms for vacations.
Apart from that, it’s also a terrific method for you to earn money from your vacant and additional properties. But as I have previously stated, in order to start an Airbnb business, you must already own existing properties that you can rent out to other people.
This is where BNB Riches come into play. The course’s goal is to take anyone (even a total newbie) from $0 to $100k in a year. In fact, the product owner promises that you don’t even need any money to start this business, which we find difficult to believe.
According to Noelle Randall, all of this can be accomplished by renting houses from landlords and subleasing them through platforms like Airbnb. Rental arbitrage is the name of this business model.
What Is Airbnb?
If this is your first time hearing about Airbnb, then here’s a summary of how it works.
Airbnb is an online platform that links people who wish to rent out their homes with others who are seeking somewhere to stay in certain areas. Airbnb rentals are well recognized for being a far less expensive option than hotel room rentals.
It’s really simple to understand how Airbnb operates. The goal is to discover a means for locals to supplement their income by renting out their spare home or room to visitors to the region.
Hosts that use this platform may market their rentals to millions of individuals across the world while also knowing that a large corporation would manage payments and provide help if required.
For visitors, Airbnb can provide a welcoming environment with more personality, maybe even with a kitchen to prevent eating out, and at a lesser cost than hotels.
Since 2007, when its co-founders originally came up with the notion of inviting paying visitors to sleep on an air mattress in their living room, the company has gone a long way. According to the most recent data from Airbnb, the company has over 5.6 million listings in over 100,000 cities and towns in 220 countries.
Who Is Noelle Randall?
Apart from creating BNB Riches, Noelle Randall is a children’s author, coach, mentor, and speaker with over 20 years of expertise in real estate.
She is also the creator of FDR Horizon Enterprises LLC, a private real estate equity business, which she founded in 2014. She also has a YouTube channel with over 450k subscribers and over 500 videos in which she gives out a lot of free advice.
She claims to have made millions in real estate, and based on what I’ve learned, she and her experience are both legitimate. Working in real estate as a whole can bring in a lot of money, especially being someone of her caliber if you get large commissions.
Inside BNB Riches
Here’s what you’ll get when you purchase BNB Riches:
Module #1: Starting a Six Figure Business Fast
The first segment will address a variety of topics, most of which will pertain to the real estate industry as a whole.
Then you’ll learn how to generate leads for your rental and how to take advantage of retail arbitrage. It will also cover how to overcome fear and skepticism in the industry.
Module #2: Getting Profitable Properties
The second part will show you how to obtain your properties if you do not already have one. You’ll learn what to look for while looking for the most lucrative homes and how to tell if a rental on Airbnb is profitable.
Other subjects covered in the lesson include how to run your day-to-day operations and how to navigate the legalities of Airbnb.
Module #3: Prepare It and List It
This third session discusses what to do with your property and when to put it on the market. This includes topics such as how to set up processes that will allow you to get listings up and running quickly, as well as how to build appealing BnB listings.
Module #4: Manage and Grow Your Business
The last lesson will address how to manage your homes and grow your BnB business. This section goes through how to locate more owners that want to work with you, how to assess your leads, how to achieve consistent bookings, and how to grow your business to six figures.
How Does BNB Riches Work?
BNB Riches can show you how to profit from Airbnb. It won’t teach you how to acquire homes to sell, but it will show you how to rent them out. You will be renting a home that you will then rent out on Airbnb.
You’ll have to fill out some paperwork since you and the landlord must first agree on the conditions. Be aware that this will include a significant amount of legal work, so be prepared.
One advantage of rental arbitrage, though, is that you don’t have to spend a lot of money to acquire homes. You won’t have to take out a loan or remodel the properties.
However, there’s no assurance that you’ll make a lot of money with this method after everything is said and done. Aside from the Covid-19 Pandemic, you’ll need to make sure that your BnB profits are sufficient to meet your rental costs.
So, if you’re renting a room for $1,000 per month, your BnB revenue should be much higher than that. Otherwise, you’ll be losing money merely to pay your rent.
|Recommended: Everything Needed To Create Your Full-Time Online Business From Scratch Can Be Found Right Here|
Getting Started with BNB Riches
The curriculum costs $997, which is a lot of money for only four modules of training. In addition, you don’t get any special bonuses or anything else added included in the purchase. For almost a thousand dollars, you’re only getting the course itself.
A monthly payment plan of $397 per month for a total of four months is also an option if you can’t pay for the full price up-front.
BNB Riches Ugly Truths Exposed!
#1 You Need A Lot Of Money To Get Started On This Program
BNB Riches is a pricey training program, especially for a four-module course that essentially teaches you how to start a side hustle.
However, I don’t really consider Airbnb as a side hustle to supplement your current income. You go into this industry with the intention of making thousands of dollars every month from your rental homes.
That is already something you can earn on a full-time job, maybe even more. However, this is only a realistic option if you already own additional properties.
Rental arbitrage looks appealing, but given the risks, you’re not likely to lose more than a few hundred dollars if you don’t break even. You might lose tens of thousands of dollars here.
#2 Starting An Airbnb Business Is Risky
Let’s face it, it costs a lot of money to run an Airbnb business. This is something you’d call a “high risk, high reward” situation.
To make money here, you must put in a lot of effort. Not only that, but you’re up against folks who own more costly homes (that they actually probably own). Just by doing a quick search in your area or in any city, you’ll discover hundreds of listings for Airbnb.
You must ensure that your properties are generating more than just profits or else you risk losing more money over time. Remember that real estate is a business where breaking even isn’t enough.
#3 No Refund Policy
There is no return policy in effect for BNB Riches, and there is also no free trial. So after you’ve paid for this training, that’s almost a thousand dollars you will never be getting back.
With that said, BNB Riches is probably not the best resource for learning about rental arbitrage and the Airbnb business model. I’m sure there are plenty of free courses or programs out there online you can use instead.
Advantages of BNB Riches
#1 Rental Arbitrage Is A Legit Business Model
Risks aside, a good thing about BNB Riches is that it teaches you a legit business model that can potentially make you a lot of money. Many people are actually adopting this business model to get their foot on the first step of the property ladder and buy their first home or property.
#2 Noelle Randall Is An Expert In Real Estate
Another thing I liked about BNB Riches is that the person behind it is an actual person with legitimate expertise on the subject at hand. Noelle Randall has been doing this for 2 decades now and I’m sure that she knows exactly what she is talking about when it comes to real estate.
Is BNB Riches a Scam or a Legit Program?
BNB Riches is a legitimate training course that teaches you how to use rental arbitrage to get started with Airbnb. In and of itself, it’s a reputable and legitimate business strategy, but due to the risks involved, it’s not something I can recommend unless you already own several properties at your disposal.
Furthermore, you also need to ask yourself: Is rental arbitrage the right kind of business for you?
If not, then I have a better opportunity for you to make money online. Just scroll down to find out more.
How Do I Use The Internet to Make a Full-Time Salary?
I’m not a big fan of get-rich-quick schemes, let’s just say that I’ve been caught short a few times.
Instead, an Amazon FBA Business is my leading recommendation for people that want to build a thriving full-time online business working from home.
Here are my reasons why…
- There’s no pressure to recruit family and friends, or anyone else for that matter.
- Learn a unique method to source incredible, high profit, low-competition products that are virtually hidden from your competitors.
- You don’t need to sell hundreds of different products to create lucrative profits with this fresh, exciting business model.
An Amazon FBA business can help you to…
Generate a 5-7 Figure Salary and become financially free from the limitations of a traditional day job. You can do this in less than 12 months!
If you want to find out how I did it, Click Here!
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