#139 - The Rise of "Clout" Kitchens, Why Martin Shkreli is a Rockstar, and a $100m Acquisition

**Shaan Puri** (0:00)
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**Sam Parr** (0:53)
You know what I've decided I wanted to do, I think? So I've been obsessing over the future.
How are people gonna live in the future? And I think I'm gonna try and purchase an apartment in a cool part of New York that is currently not COVID awesome. That is not wonderful during COVID.
Yeah, and the reason why is, I really think that, I think that for a lot of people, this whole like five, I don't think that after, I did the domestic thing for a while, that was hard, that was hard. But I do think that like there's a world where people are gonna do like six months, six months. Do you agree with that?

**Shaan Puri** (1:35)
Yeah, my ideal, I started this a few years ago and then we just paused with the baby, but like I would do about a month and a half in a different country altogether, just living somewhere. So for example, we would live in San Francisco for 11 months or 10 and a half months. And then we went down to Buenos Aires and we lived in Argentina for over a month. And we just like got an apartment, just bought groceries. It wasn't like a vacation. It was a vacation, but it wasn't at the same time.
That felt awesome to me.
I hope I can pull that off with kids. I know just gets life just, you know, I feel it now where I'm just like, eh, it's just easier to stay home. Like, let's just not go and do things. It's just a lot easier, but I think that's cool. And I think whether it's six months, six months or nine months, three months, I think that's a cool luxury to have, to be able to do something like that.

**Sam Parr** (2:26)
I think we're gonna do like a eight, four, nine, three thing because I got family in New York. And I think like, it's still expensive.
You can get an apartment in New York though, for like one, three, and that's a lot of money.

**Shaan Puri** (2:39)
You should just, if you're just gonna go there for three months, you should just Airbnb it. Oh, you wanna rent it the rest of the year?

**Sam Parr** (2:45)
Yes, that's just what I wanna do.

**Shaan Puri** (2:47)
It's hard to rent something for nine months out of the year though.

**Sam Parr** (2:50)
I'm doing research and I'm not sure if it isn't. So, or I could buy a three unit building. So our friend, Ryan Beegleman is Airbnb, he bought this really nice house in Williamsburg. Have you seen it? Like Ryan's like into architecture and he spent a lot of money on this great place. And he's now in Miami or Delaware, he's all over the place.
And he's airing his place for 30 grand a month he's making off of it.
Gross, not profit.

**Shaan Puri** (3:20)
But what's the payment though, right?

**Sam Parr** (3:25)
I don't wanna get into real business too much, but he bought it upfront, he doesn't have a mortgage. So he only pays taxes. But I do think that what I think, what I'm gonna try and do is I wanna try and live break even while getting equity in these homes. I think I could pull that off right now.
I think.

**Shaan Puri** (3:43)
You know, the rules change pretty frequently though. Like, so for example, when we bought our place in San Francisco, I was like, oh, this is great. We'll do this. And then if I leave, we could just like Airbnb it.
Like San Francisco was like, oh, Airbnb can only be done under these specific conditions. You must live in the unit. You must not do more than 90 days out of the year. It's like 90 days out of the year. So now let's say I was trying to do the thing you're doing right, eight and four or whatever.
I can't do the eight months. I can't Airbnb the eight months. That means I need a long-term lease. How am I gonna find a long-term lease for eight or nine months? That's where it gets tricky if you're depending on Airbnb.