The Sharks are Excited to Invest In “The Future of Real Estate” Boho | Shark Tank US
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- Опубликовано: 13 сен 2024
- David Sodemann And Brett Ellenson are seeking $300,000 for a 10% stake in their business Boho Camper Vans
From Season 11 Episode 16
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About Shark Tank: The Sharks - tough, self-made, multi-millionaire and billionaire tycoons - continue their search to invest in the best businesses and products that America has to offer. The Sharks will once again give people from all walks of life the chance to chase the American dream and potentially secure business deals that could make them millionaires.
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The Sharks are Excited to Invest In “The Future of Real Estate” | Shark Tank US | Shark Tank Global
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T80
That Face of Disgust at 11:14 😂
Can't wait for y'all to upload the pitch for the Tree Teepee, that's my favourite pitch so far.
If Barbara was 80 years younger I think I would date that.
Patronizing much
Barbara to her own house: “ I found a new van for those reasons I’m out”
😂😂😂😂😂😂😂😂
🤣🤣🤣🤣🤣🤣🤣
😂😂😭😭
😂😂😂💀💀
🤣🤣🤣🤣🤣🤣 I busted out laughing
I love how Mark always tells people congratulations when they get a deal, even if it's not his own.
Yeah, he seemed genuinely happy to hear about their net and such.
L
He probably remembers when he first started out and getting his first deal must have felt. mark is a great guy.
@@99348744 your a L
Lori was like good luck, your gonna need it! Lol
This might be the first episode I've ever actually seen that Barbara wasn't out immediately, AND did a deal. I'm shooketh.
Heard she was out after cameras were off
She's a huge real estate investor
She's out all the time cuz she's the "smallest" shark. So she's more careful with her investments
@@vyy00bet she’s the second most invested shark
Same
The reason Barbara gets such good deals, is because she doesn't argue, nor raises her voice! When she makes an offer, she sticks with it!
Thanks for the spoiler
@@nilesjames6258 that's why you shouldn't read comments while watching the video
@@nilesjames6258
If you go straight to the comments before watching the content, you’re going to get spoilers because people are discussing the content of the video. Sorry to break it to ya.
Lol
She makes great offers
@@nilesjames6258 u should be use to RUclips by now
They got the best Shark for their business, and the one who offered them the best deal. Rohan was 100% right to tell them to not be so worried about debt. When you've got a business with healthy margins taking on debt is absolutely fine to preserve equity.
Not if we're in a recession
@@lunchNsinners macro economics has nothing to do with one particular business that’s profitable
@@gabrielgonzalez6456 I hope you have a lawyer to prove that, your going to jail buddy
@@lunchNsinners he is right. It’s called leveraging. If your business has lower operational risk and good margins, you can leverage your business by adding debt to increase the value of your equity and preserve it like Gabriel said. That’s basic finance. Stop spouting nonsense
And who are you
One of the most enjoyable pitches ever on the show. Two smart young guys who know their numbers, have a great product, and have a vision/business plan, with lots of offers thrown their way.
There used to be a camper van company in Ocala, Florida. Only one of it's kind, I think it was called Mark 3. They closed down one day because of some family issues. Just freakin closed it's doors. Bad business deal. They could have made alot just selling it.
I agree. All of the sharks were very impressed by their business, attitude, presentation, and knowledge.
It takes a lot for the sharks to completely trust a projection. I've never seen them this willing
@@shilothorp8691 Then that means you don't watch the show that often.
Literally seen this a dozen times or more, over the past 15 years. There's been times where entrepreneurs have gotten all five sharks on board. There's been times where entrepreneurs got exactly what they asked for, so they were great but not unique.
For people wondering why Barbara got a deal, it's because of her background in real estate. She was a very good fit.
@Ellie5621 Phoenix is a tourist attraction, $200 a night is a reasonable price. I doubt many people will attempt to copy it and make it cheaper.
wow it's almost like they said the same thing in the video!
I hate people with real estate background. It's not business savvy you just put money in a property that you know will go up anyone can do that. You're not a real shark if most of your wealth is property. I bought a property and it doubled in value easy.
@@ninjaninja9954 Well, do your properties involve commercial and do you do business across the nation? Barbara is not some basic housewife who does realtor deals for fun, she actually runs a decent sized empire despite the "I'm out" jokes we like to make about her.
Also, you would be surprised at the amount of people who lose money. Not to mention, you can tell who has a GOOD realestate bacgkround based on profit margins and the price of the average listing from their portfolio.
For instance it's easy to have 100% profit margin on a 50,000$ home. It's harder getting a 40% profit on a 1-10 million dollar realestate project.
@@ninjaninja9954 I agree with fluffy. Residential real estate is little league compared to commercial real estate. It’s a lot tougher and riskier then just buying and renting.
There’s only so much one can grow in residential.
Seeing Mark, a billionaire, happy when smaller companies are doing good is very cool to see. You can tell he always roots for the little guy.
Cringe Mark comment
I LOVE HIM SOM UCH
@@Daniel-ui3zyMEATY KOK WHIPPED OUT AT YOGA CLASS. WOMAN WHIPS OUT A HUGE KOK AFTER SHOWING HER BULGE TO THE YOGA TEACHER
@@esapovHUGE MEATY 17 INCH KOK SNAKES DOWN A WOMAN'S YOGA PANTS TO THE KNEE. EVERYONE IN THE YOGA CLASS COULD SEE THE BULGE AND THE KOK OUTLINE IN HER YOGA PANTS. WOMAN WHIPS OUT KOK IN YOGA CLASS
Mark cuban is the best. He really helps the founders by saying quickly he is out, when he knows he is hell no for the idea. If he is silent and last person to give offer, he is listening. If he really like the deal, he jumps in give offer with a clock. What a man he is
Cuban said in an interview a few years ago that during the first couple of seasons that he was on Shark Tank he jumped in a lot more than he should of (said yes to several deals that he should have said no to). I think the bad ones he disregards immediately and lets them know - but he really wants to listen and think about everything. Also remember that the actual pitch takes around 45 minutes (they edit it down to about 11 minutes) - so sometimes it's not as quick as they make it seem on the show. Keep in mind also that even when the Sharks say yes, it doesn't always happen - Cuban says about 30 to 40 percent of the deals he makes on air don't happen - either because the businesses aren't entirely truthful or the entrepreneurs change their mind.
He's a leo theyre very straightforward like that
@@ChartBolt I think astrology is a load of Shri what symbol am I from that statement? And btw Cuban would say the same
@@ChartBolt yeah using astrology to assume someone's personality is pretty scuffed
@Laurent Pelletier cry about it
Barbara cared the most and was the least willing to take advantage of people's dreams. Good for her.
She's always that way.
Very true. After many years of watching Shark Tank. Barbara has always invested more in people and believed in their drive for their company.
Barbara's deal actually was the best, highest valuation of any offers without debt upfront and her background
1995: You'll end up living in a van down by the river!!!
2020: I get to live in a van down by the river, YAY!!!
Way things are going by 2030 we will just be living by a river with no van.
@@kowalskivideos6476 I hope the river stays tho
Barbara’s first deal of the century
The reason is because of her background in real estate. That's why she did it.
@@pineapplesforever1753 and for that reason, she’s out.
You all need to watch more episodes.
@@maciej.matt-pack.paczka lol
@@caleb131186 😂😂🤣
There's something wholesome about these two guys. Perfect backgrounds for the job, a great product, and they seem so down to earth. Even Barbara couldn't say no. Wish them all the best!
I lived in a van for a year. I will say being able to stand up inside the van is the single most important thing. That’s why high top vans literally cost twice as much, because it’s necessary.
This is where being short comes in handy
@@baronperez8200 jaja
Did you live by a river?
That's what i was thinking that how could a person live where they can't even stand straight + i am 6'4 who sleeps with his feet dangling in air and i'm terrified to see such a small bed to sleep on.
@@Lkshy_abq 😂😂 relatable
Barbara believes in people more than numbers and that's how she got this deal.
That's what Mark said about Barbara.
Barbara makes deals where 2 parties win.
Barbara right after this sits in the van and drives off screaming '"I'm out"
Hilarious 😂
Golden 😂
That didn't happen. I saw the entire episode when it initially aired.
*sigh
Here come the whooshes
this was actually a great one.
unique offers and a lot of banter between sharks
20th boster
I've seen camper vans with showers inside. I think if they're trying to sell these as a full time living option, it needs to have a shower inside and the ceiling needs to be tall enough for a person to stand up straight. High top vans are a lot pricier for this reason, but they could offer a high end line for full timers, and a lower end line for people just wanting to take weekend trips.
Bro, just wear trunks or park somewhere private, its not that hard...
As someone who has lived 30 years in the rainy Northern US and then 35 years in the dry South West US, outside showers are not a problem for singles.
U just suggested an innovation they will add to their company :) thanks
@@tj.espygil4544 I guess I mainly tend to travel to colder climates where I can ski. I’m trying to imagine taking a shower in 10 degree weather outdoors which sounds miserable. I guess if you only camp in warm weather locations it’s unnecessary, but a lot of people enjoy camping in colder climates too.
@@micahbender4560 Well said. I'm old enough not to want to travel to such cold places anymore. So, different strokes....
"People are struggling with debt and can't keep up with their cost of living"
Billionaire sharks: 😀😊😍😁😬
Only one of them is a billionaire. At least on paper
their like milk must cost 12 cents a gallon
Personality alone Barbara was a great fit for them to be business partners with, but she also gave them the best deal , she’s big in to real estate which crosses over their businesses, and didn’t want to take any creative control of their business because they were already doing great,
Perfect match
When he said "thanks for the business advice" to Rohan, he looked hurt. @10:15
Me realizing “BoHo” is really “Hobo” Camper Vans…
For real these two guys just seem so mellow and really living what they're doing, super chill.
Hello, Carol how are you doing today?
Barbara: "We have a deal, and for that reason, I'm out."
I actually love Lori's offer. I wish they also add the charitable aspects in their business. Wish the best to them!
Yeah we don’t like the homeless in this country lol
@@ayourmum8521MEATY KOK WHIPPED OUT AT YOGA CLASS. WOMAN WHIPS OUT A HUGE KOK AFTER SHOWING HER BULGE TO THE YOGA TEACHER
HUGE MEATY 17 INCH KOK SNAKES DOWN A WOMAN'S YOGA PANTS TO THE KNEE. EVERYONE IN THE YOGA CLASS COULD SEE THE BULGE AND THE KOK OUTLINE IN HER YOGA PANTS. WOMAN WHIPS OUT KOK IN YOGA CLASS
I'm in complete, utter, total, shock. Barbara actually made an offer.
And for that reason you are out
Barbara is underrated. Mark is by far one of the sharks that offers a lot. He is almost always in for a deal, but Barbara is more selective. There is no problem with either strategy, just that people love Mark more but the whole cast is amazing. Even Daymond
You comment is too long to read, and for that reason I'm out
"This looks like a Real Estate deal and chance to get away from my husband. For those reasons, I'm...IN!"
Maybe you should get a divorce then
What's up Quinn
@@DK-mc7mp well if you wanna “get away from your husband” get a divorce
@@gogokidd But what if he's being milked?
@@QuinnLIFTS not much, Quinn
Chris Farley predicted this was gonna happen like 30 years ago
Just missing the River to park by !
I live in a van down by the river
Lmfao
love your videos. used to watch the all the time back in medschool. nice surprise to see you here :)
Spot on
so in other words, LARGE (and when i say large i mean LARGE) conglomerates and investment corporations have banded together and raised housing prices so high that the average person if they work hard can save up and live in a van instead! awesome!
oh man, can it please be down by the river?
Yeah this product made me sad.
@@hypnobearcoup2505 it's a great product for travel. Van life is so fun short term. But it is sad that so many people have to choose this option.
What's wrong with living in a van?
@@k.c.8345 🛑 🧢
I liked Lori’s in the sense it could have been revolutionary; She had a vision for the country through that product. I would love to have a business partner like that.
Barbra was a beast in this one.👍
I love that she added the charitable component and then shut it down for 5%.
how depressing is it that this is being sold to us as "future of real estate".
You will eat ze bugs and life in pods
You're telling me you don't wanna live in a 5 sqft van with no bathrooms?
you will own nothing and you will be happy
sadly when 60% of youth know they wont be able to afford these absurd real estate prices, this looks like a good option.
Felt the same
When Barbara makes an offer, you know she means business! You should (almost) always except an offer from Barbara!
Accept*
@@emant8396 Who Cares*
@C. V. She said she received a "$700,000 cheque from Grace and Lace last month" in one episode. She probably makes a lot more than that annually.
Just remembered, it was during Bootaybag's pitch (Kendra Scott got the deal).
@@tvJay2odd every person that understand English properly?
And for that reasson she is out
Shocker! Barbara is IN! Mark loves to hear people make money and have no debt.
They made a great deal! I hope they continue to expand.
One concern I'd have as an investor is their reling on used vans, it's not super scalable, and theres a high potential for quality control issues. So assuming to scale up to a major business they'd have to buy new Vans that would make them a ton more expensive and possibly lower their margin to make it more attractive to the market.
This is true, but it also depends on where they're getting their used vans from. If they're getting them from some other bigger company that rotates out their inventory every year that could be a very reliable source of vehicles. Also this business probably isn't going to be doing 100s of vans per year. They'll probably level off in the dozens, which shouldn't cause supply issues. 1-2 mechanics can probably handle that load.
they're also renting them out so wouldn't worry about renting out used vans kind of like car rentals
Think companies like Amazon and so on. They don’t keep there vehicles to long.
Nah anyone wanting to buy a tiny home or home on wheels will definitely want to save money used since they’re so expensive. And I’m sure they inspect all vehicles first before buying or selling
@Daniel haha sounds so simple, it would still be a lot more expensive because the company still has to build the van and make profit, so still a lot more then used (probably easily twice as much)
This is so genius. The van life craze has exploded over the years, and this takes all the upfront work off the prospective buyer
I love how the sharks just smile while hearing the plight of “the average American” in the introduction.
I’m so glad they did that deal with Barbara. Even though every shark besides one made an offer, Barbara’s was truly the best.
@11:14 mark, The look Mr. Wonderful gave to Barbara was... Im'ma Get You Bi*ch!! Lmao 😂
I love the chuckle from Mark when Mr. Wonderful talks again at 8:42
I really like Rohan's vibe. He really is a good replacement for Robert.
For people like me who drive for work this is perfect! I live in my car and out of hotels I'd love to get one of these vans
9:52 by far the best part 😂
Smart choice, by far the best real estate investor there and the best equity deal. Well done guys!
Their business went well, I believe they're now worth $4 million
25 now
@@Ariyan-carduchiwow
@@Ariyan-carduchifor real??
Barbara is definitely the best marketer. She’s real estate through and through
Kevins "im laughing" was great
I like how Mark gets very excited for people who have zero debt, because that is a great achievement nowadays
I had to be $10k in debt to start my business + student loans and gov dues I’m 29k in debt + credit cards 3.1k in debt
@@saraeissa4954 you're drowning and you need to get out of the pool
I love the energy Rohan brings
This van with the conversion is super expensive. They said it was a used van for $15,000 and the conversion was $29,000. Not to mention how lame that conversion is for that price point. There’s probably only $5,000 in materials, tops. For $44,000, you could buy a used purpose built RV on a van chassis with under 100,000 miles. Anyone in the price point these guys are pitching would just buy the real thing instead of some half assed looking hipster van.
I'm not fancy. I'd just buy a lower mileage older van, hollow out the back, and slowly find cheap ways to construct my own thing. Prob $12,000 for the older van, $3,000 to do my own set up, I am road ready for $16,000 after plates and extras....
@@josephsummers2427 yeah dude that’s what I’m saying. People looking to live the “van life” usually convert the van themself and have a total investment under $20,000 to make it look and function just as well as the van in this video. $44,000 is ridiculous.
@@josephsummers2427 one way to get a really cheap van is to buy a work van that’s being retired. You could call local HVAC and electrical contractors to see if they have any vans leaving the fleet. My father in law used to do HVAC and the company he worked for retires their 3/4 ton vans at 120,000 miles and sell them for $2500. I’m sure other big companies do the same just to get rid of them.
Nah that's pretty fucking stupid.
You really think people who have the time and knowledge to make one, would buy this?
But then again, just how many people do you think have the time and knowledge to make one on their own?
Fact is, there's a market for it, and it's their job to sell to that market. Plain and simple.
@@estoylaroca dude, there are tons of young hipsters on RUclips that have made vans just as good if not better than this van for A LOT less than they are charging. It’s not that hard to do. All you need is an ounce of mechanical ability and a few tools. As for the time argument, the people in the market for these vans are buying them to live a van life, they’re not working a 9-5. Most of them are building the van to quit their jobs and travel the country. Sure there is a market for stealth camping vans, but only a fucking idiot would spend that much money on a shitty used van with a spiffed up interior.
Haha you can see Barbara’s diaper when she gets in the van. 😂
You can tell that Lori died inside when they didn't accept her offer. You can tell she wanted to be involved in their business.
She should have went down on percentage
Lori literally made the deal contingent upon charity. What an amazing contingency. I know she didn’t close the deal but she won all my respect.
The way Kevin looked at Barbara when she got the deal lmao
The best part about them all knowing each other is when they see someone take a deal with another shark they just know oh boy barbs gonna bend them over 😂
I don’t think the sharks realize how big this market already is motorhome and fifth wheel campers companies can make vans so easy and since the companies are big they can offer competitive price
There is a big aspect of customization in these types of vans though. I'm not sure how well the big companies would deal with that (or want to deal with it).
Agree, I saw companies back in the 2012 building vans for camping.
I use to own a 1982 VW Vanagon which did the same thing minus sink.
There are a gazillion companies across the country already doing customizations, and they are good at it. Barbara missed the mark on this.
This was in 2019 before Covid. It would be interesting to know what happened with them since then, especially considering that there are much much better designs of vans then this.
From what I could find in 2021 they did 2 million in sales though rentals were down.
The van seems so behind the times compared to Europe like VW Transporter and Ford Transit Customs.
for anyone interested, those vans sell for $80k now. To start. They easily exceed $100k and they finance.
Barbara…just nailed it like a boss🔥🔥 Perfect deal, Fair evaluation, Best support ❤️
You can NEVER go wrong with Barbara. Respect
I'm stunned Mr. Wonderful didn't bury them and say what's stopping someone else from doing the same thing
Probably because it's such a weird niche market he doesn't think anyone will care to. Certainly not a large company, and by the time someone decides to try and copy them they'll probably be at capacity.
5:01 "so I'm going to take the money..." imagine if he just stopped there 😂
Everytime Mark say “I think it’s a great business but…” he’s out.
I can rent a motorhome for the same price. Why would I rent a van that I can't stand up in, and without a bathroom???
Bathroom is the most important thing right next to having a bed
I really wanted Lori to get the deal! But when they said "this is the future of real estate" I knew Barbara would really be interested. Glad they made a deal!
Lori kickin herself she didn’t go down can hear the pain in her laugh when they seal the deal aha
Barbara really knew how to move this deal....I'm actually amazed by the offer.....plus is conservative in the approach.....
Kevin: *Do you want some debt?* 💀💀
Mobile real estate isn’t a thing. This just like a trailer. In the long run this will depreciate especially since they are buying used vans.
I love it how Rohan gave them an advice to go for another shark even if it means he will not be part of the deal.
One of the best deals looking forward to see how they do
oh god the look on Kevin's faced when Barbra went the shake their hands LMAO
They will have smaller margins once they stop sourcing used vans. Good idea but not sustainable at scale. But, I do believe there is a market for these in the 100k range
Already exist in the 100,000 range, the draw is the low price
11:13 Kevins face 😂😂😂😂
I think this is the first time I’ve seen Barbara make a deal, and it was a good one too 😆
You really need to watch more episodes.
You should. Barbara is actually the third top deal closer on Shark tank. That’s right. Only two sharks close more deals than she does, that includes all regular sharks and guest sharks.
Barbara: I just made a deal and for that reason I’m out
That's an insanely good price to buy one of these. I'm shocked. You could spend another 5-6k on top of that and have a shop put a crate engine in there and you'd basically have a brand new van. I seriously might buy one for travel camping after seeing this.
I am from Phoenix, Arizona.. proud of these guys…
there were so many interesting offers. way more fun to watch than the normal $ for equity
I love how excited Mark looks at their success then immediately says he's out. lol
How is it different from any other RVs or Camper Vans ?? They too provide the same facilities and equipments & comfortability as this one. I get it's cheaper, ergonomic and looks better than most Camper Vans, but it doesn't set it apart from its competitors.
@Saad Bahlouli 🤦♂️
Mark: “You could walk into a bank and get it for less.” 😂. 9% interest on 300K is crazy
I love Barbara she gets alot of hate but you know what she's smart as hell and successful and she could easily retire but she keeps going ..salute to an American legend Barbara
Im seriously addicted to the show now❤
First time in my life I see Barbara get a deal and for that reason I am out
I love this. Rethinking how things work and re-inventing. Very exciting!
I love how chilled Barbara is😍
I like the deal a lot. There's certainly a need for all kinds of options in the real estate market right now. Also, there are so many people out there that are hungry for some kind of alternative lifestyle, like living traveling and living in a cool van. I think that was a great deal.
9:52 Barbara : There’s nobody here better at marketing than me.
Rohan: *immediate burst of laughter*
Making it about a charitable organization and then sticking it at the 20% 😂😂😂😂
I'm gonna have to start the boho sheds
I love Barbra so much she’s such a sweet heart
It was cool to see how many Sharks like the Boho Van. Lori is a sweetheart. She combines business success with giving back too.
I’m actually in the process of doing this myself. So pumped
What's the wait list for one?
I've lived out of one of these for like 3 years now. The hardest part is finding places to park that you won't get kicked out of or ticketed for.
so you like them?