Today in this BNB Formula Review we are going to be discussing Brian Pages’s AirBNB Formula training course.
A course that teaches you how to lease other people’s properties that you lease out to others through Airbnb.
Now, this might sound a little underhanded but believe it or not there is a lucrative business here.
Another name for this business model is rental arbitrage, basically where you rent a property for let’s say $500/month.
Then through Airbnb, you rent out for let’s say $750, making yourself a tidy $250/month.
The problem arises is when you try and convince the owner of the property what your intentions are.
But before we get started, we’d just like to mention that we are not associated with Brain Page or his BNB Formula training course in any way.
That means that this review will be honest and unbiased and by the time you have finished reading, you will have a better understanding.
Affiliate Disclosure: This BNB Formula Review has been thoroughly researched from information and testimonials that are in the public domain. This post may contain affiliate links which means we may earn a small commission, however, this won’t affect what you pay!]
BNB Formula Review – Summary
Product: BNB Formula
Founder: Brian Page
Product Description: Rental arbitrage
Cost to join: $997 – $10,000
Summary: Investing in real estate has always been the big number one investment that we will make in our lifetime.
BNB Formula teaches you how to become a real estate investor without the need to own a property.
This is a business opportunity where you don’t even need capital upfront to get started.
This could be a great business model, but you have to weigh up all the pros and cons.
Alternative Business Opportunity: If you are looking for a business where you are in full control and do not have any restrictions.
You need to at least research affiliate marketing and see whether this would be a right fit for you or not.
You can by hitting the link below for FREE.
BNB Formula – Table Of Contents
- Who is Brian Page?
- A Breakdown of The Airbnb Formula
- BNB Formula Cost Information
- Is The BNB Formula a Scam?
- Customer Reviews Both Positive And Negative
- IS Rental Arbitrage Worth Doing in 2023
- What we Liked About Airbnb Formula
- What we Don’t Like About Airbnb Formula
- Conclusion – What we Thought of BNB Formula
- What we do For a Living
- Feedback, Follow And Subscribe
Who is Brian Page?
Brian Page is the creator of the BNB Formula who started in the real estate business in 2001 flipping properties.
With the capital from this business, he ploughed into building residential properties until his business was hit by the 2008 meltdown.
After a while and when things started to get on a more level footing he decided to get back into real estate by learning about Airbnb.
So in 2016, he decided to launch the BNB Formula training course which has seen over 26K students in well over 45 countries.
He’s amassed over 8 million in product sales across many topics, such as real estate, productivity, personal development and strategic relationships…
He is also an author, and speaker and hosts events. He is a philanthropist and races cars in his free time.
A Breakdown of The AIRBNB Formula Training Course
There are 8 modules that come with BNB Formula which are supposed to take you across 8 weeks of training.
It’s a step-by-step approach that will give you all the fundamentals for setting up your rental arbitrage business through Airbnb.
You will also get access to various contract templates and email templates for marketing plus many other useful tools.
In total there are 52 training videos.
Module #1 – Preparation/6 Videos
In the first module, you are taught about what the course covers, how to find your way around and what is involved with setting up an Airbnb business.
Also covered is a description of the various productivity tools and how best to use them to save you time in this business.
Module #2 – Partnering/5 Videos
In this module, you are taught the importance of automating the business so that the business can work passively.
That means looking at outsourcing some of the business which will eat into your profits.
Module #3 – Identification/6 Videos
Finding and identifying the right properties for your business is covered in this module.
You must have heard of location, location?
Two important factors are covered which are sales and location.
The properties have to be at the right price and the location has to be either in tourist spots or places of interest which are popular.
You will be taught which websites and agencies to use to find the ideal properties.
But, more importantly, you need to know the legal aspect because in the US laws are different from state to state.
You will also need to know how to approach the property owners because most owners are not going to be interested.
That also means that once an owner agrees to your business terms then contracts have to be drawn up to cover all legalities.
Module #4 – Staging/7 Videos
Something else that is important is how to stage the property and once again this could be an issue with the property owner.
This module covers interior designing, how to approach it and what is required for the property to stand out on the Airbnb listings.
Remember this will also eat into your budget and BNB Formula shows you how you can do this with a limited budget.
Module #5 – Listing/7 Videos
In this module learn all there is to know about listing your property on Airbnb.
Another important factor is how best to list the property for maximum booking and highest rates.
You will also be taught about making your listing stand out by adding great titles and descriptions to attract more interest.
Module #6 – Start Up/7 Videos
The module covers the importance of the first 30 days for a new company starting out, where you will be taught some strategies.
That will help increase revenues and simplify the way you run your business.
Module #7 – Automation/7 Videos
Automation is very important but shouldn’t concern you in the early days.
However, there will come a time when you will need to offload some of the work and that’s what this module covers.
Module #8 – Rinse And Repeat/7Videos
In this module learn that once you have followed all the processes that are laid out in this course that it’s just a matter of rinse and repeat.
In other words, once you have a property listing working as you expect it to then the next property will be a breeze.
It will also cover problems that you may encounter on your path and how to go about resolving them.
BNB Formula Cost Information
Nowadays, it does appear that training programs like the BNB Formula are only revealing the costs after you have had a call from one of their salespersons.
Something that we do not agree with due to the type of sales tactics they often use.
Through our research, we did find that the current price is around $997 but based on the questions and how you answer them it could be as much as $2,000 or even more.
Can You Pay With Instalments?
No, the full amount will have to be paid upfront.
Are There Any Upsells?
At this moment we couldn’t say whether there are any upsells.
Is There A Free Trial?
Unfortunately, there is no free trial.
Does BNB Formula Come With A Refund?
Currently, there is a 30-day full money-back guarantee which is available from the purchase date which requires that you put it in writing.
Is BNB Formula a Scam?
The million dollar question, is the Airbnb Formula a scam?
Technically, no it isn’t but it isn’t as easy as people make but then again no business is easy.
The rental business has certainly gone from strength to strength and is projected to achieve over $8 billion in revenue by 2023.
Reports show that in 2014 was only half a billion dollars in revenue so as you can see the rental arbitrage business has really taken off.
Obviously, it is not a passive business where you do not have to do much, on the contrary, there is a lot of work that you will have to do.
The profits are not going to be massive and therefore you are going to have to rent out many properties in order to make a substantial business.
If you are looking for a 100% passive business then take a look at the link below and it won’t cost you a dime.
BNB Formula Reviews Both Positive And Negative
What you have to understand is that you can very rarely confirm any such claims about pretty much any marketer.
People have a tendency to not do their own diligence and for some reason have to find a mentor because they don’t have the confidence themselves.
We couldn’t find any reviews on 3rd party sites like Trustpilot except reviews on the BNB Formula website and I’m afraid you should take those with a pinch of salt.
564 customer reviews yet it states that the membership is limited to 100 people…Really…
If you take a look at the Better Business Bureau you will see a mix of positive and negative BNB Formula reviews.
Whilst the complaints were eventually resolved bearing in mind if the students hadn’t gone to BBB then that might have been a different outcome.
We have added these to really highlight what a customer was actually asked to pay which in this case was $10,000.
Is Rental Arbitrage Worth Doing in 2023?
As you can see in the image below, in only 9 years how rental arbitrage has gone from $400 million to where it is expected in 2023 at over $8 billion.
There is money to be made if you go by the above graph but this certainly isn’t going to be easy.
What we Like About BNB Formula
- You do not require any technical skills
- You can start the business with very little funds or none at all
- You do not need to own a property of your own
What we Don’t Like About BNB Formula
- High Maintenance costs
- Difficult to convince the property owner to go with your proposal
- Expensive course with evidence that it could you as much as $10k
- We hate the fact that you will only find out the true cost after a sales call
Conclusion – What we Thought About BNB Formula
When you listen to Brian Page talk about this business, he makes it seem so easy but it isn’t, take it from me as I have looked into it.
Let’s take a look at what is involved.
It’s all about finding the right properties in a desired area and the icing on the cake is negotiating with the owner about what your intentions are.
You have to understand that many homeowners are not going to want to get involved with rental arbitrage.
Why would they?
I mean would you if it was your property I know I wouldn’t.
Why would you want to let someone who you don’t know rent their property for x and then allow it to be listed on Airbnb at a higher rate to make a living from?
Another thing is that people who start creating and running courses, in general, didn’t succeed prior to bringing out the course and that is just a fact.
If they were making so much money why wouldn’t they be doing it themselves rather than teaching others?
That’s because there is more money to be made creating training courses.
What we do For a Living
Affiliate marketing is a simple business concept that is very easy to learn and if you hit the link above you will see what we mean.
There are no restrictions, you require no stock and it’s a business that once you get up and running is very easy to maintain.
It’s a business model that is associated with the “laptop lifestyle”
The company I have been associated with is Wealthy Affiliate and they have been teaching affiliate marketing to complete beginners since 2005.
In fact, they have helped over 2 million members.
They can supply all the tools, training and support and it won’t cost you a dime to check out.
Just check out the reviews on Trustpilot.
The training platform is a fully integrated one-stop-shop meaning that everything you need to succeed is in one place.
Education and training, Web development, Hosting your website, and a community that cares and is full of experience on many levels…
Feedback, Comments And Subscribe
That’s just about it for this Airbnb Formula Review, if you have any questions feel free to ask away.
Thank you for your time!