Caleb Wursten, Founder of Worldhaus.co, Fractional Ownership for the Digital Nomads
Angel Invest Boston
English - May 10, 2023 05:30 - 43 minutes - 60.3 MB - ★★★★★ - 181 ratingsEntrepreneurship Business Careers angelinvesting boston angelinvestor bostonstartups business earlystagecompanies founders seedcapital seedfunding Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: John Williams - Angel Investor
Caleb Wursten is an entrepreneurial prodigy who paid for college at Babson with a bike rental business. He’s now building a platform to provide digital nomads with fractional ownership of properties in desirable locations. International business executive Jon Aboitiz joined as co-host.
Highlights:
· Sal Daher Introduces Co-Host Jon Aboitiz and Caleb Wursten, Founder of Worldhaus.co · “The pandemic unlocked this digital nomad lifestyle for millions of people.” · Getting Expensive to Be a Digital Nomad as Airbnb Prices Go Up · Fractional Ownership vs. Timeshares · Owning 1/13 of Properties in Desirable Locations via an LLC · “You're addressing a key factor, it seems, which is the cost of living and how to make it even more affordable...” · “The first property is a $220,000 condo in Playa del Carmen, Mexico.” · Can Choose Between Occupancy or Renting for Income · Comparison to Fractional Ownership of Yachts · Developers Are Responding to Demand from Digital Nomads with Attractive Designs · How Cobu Intersects with Worldhaus · “...we wanted it to be simple and scalable, so we can also expand to Portugal and Colombia, Thailand easily...” · Examples of Exciting New Communities: Culdesac and Las Catalinas · Property Developers Can Be Remarkably Inventive · “They don't need to put up with the $3,000 rent for an isolating experience in a hundred-year-old house.” · “It's not so much that Gen Z doesn't want home ownership, it's that no one can afford home ownership...” · “I was super lucky in that both my parents are small business entrepreneurs...” · Caleb Wursten’s Bike Rental Business Paid for Babson · “Then in that time I got a couple rental properties, which is also a common theme with digital nomads...” · Real Estate Developers Are Already Designing Projects for Digital Nomads · “For, let's say $4,000, you can now own a season, an entire season in Bulgaria.” · Jon Aboitiz’s Parting ThoughtsTopics: discovering entrepreneurship, founding story, platform
Title: Worldhaus.co