Celebrity Home Rentals
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The idea is to acquire famous properties, particularly celebrity homes like Michael Jordan's mansion, and monetize them through either high-end vacation rentals or converting them into museums/tourist attractions.
Core Concept
- Buy Michael Jordan's 56,000 sq ft house in Highland Park (currently listed at $13-14M, down from $29M)
- Two potential business models:
- Premium Vacation Rental
- Museum/Tourist Attraction
Vacation Rental Model
- Target high-end groups (bachelor parties, birthdays)
- Position as "man cave dream vacation"
- Amenities include:
- Indoor basketball court
- Custom "23" gate
- Jordan memorabilia/features
- Comparable Example:
- Obama's vacation house rents for $6,000/night
- Generates ~$180k/month when fully booked
Museum Model
- Similar to other successful house museums
- Example: National Trust for Historic Preservation
- Revenue: $50-60M annually
- Revenue less expenses: $26M
- Constant tourist interest in celebrity properties
- Example: Full House residence gets continuous visitors
- Sold for 1.5-2x market rate due to fame factor
Funding Strategy
- Crowdfund with 5,000 investors
- Use platforms like Rally Road
- Make it accessible through fractional ownership
- Allow smaller investors to own pieces ($1,000-1,500 blocks)
Sam Parr
Host of MFM and fitness influencer
Sam Parr is a serial entrepreneur and business media pioneer.
In 2016, he founded The Hustle, a business news media company that started in his kitchen with just $12 and grew to eight figures in revenue.
Sam led the charge in making newsletters popular when few believed in their potential.
After four successful years, he sold The Hustle to HubSpot, a publicly traded company. Now operating as HubSpot Media, The Hustle reaches 3 million readers daily, employs a team of nearly 100, and has been the launchpad for dozens of its staff to found their own media companies and newsletters.
Sam remains the host of the popular business podcast, My First Million, and continues to start and sell companies. He also co-founded Hampton, a highly vetted community for entrepreneurs, founders, and CEOs, and teaches people to write better through his platform, Copy That.