A GLOBETROTTER who spent $17,000 to build a tiny home says he now profits from the property in a major way.

Ivan Ellis Nanney, an Idaho native, built his tiny home just outside of Boise.

Nanney purchased the plot of land for $17,000 then spent an equal amount deconstructing an abandoned building on the lot and constructing a tiny home from second-hand materials, bringing the total spent on the home to $34,000, according to CNBC.

He even installed the electricity and water lines himself before listing the home on Airbnb in June 2019.

While he was initially planning to live at the property for six months out of the year, the rental listing grew in popularity.

By the middle of 2020, Nanney decided to rent the home year-round.

“It became very popular,” Nanney told CNBC.

“It just didn’t make sense for me to stay there at all."

In 2022, he made nearly $50,000 from the property, the outlet reported.

He said the income from the rental has "become almost completely passive.”

Nanney still spends a few days per year at the home for maintenance projects.

He works about two hours per week to maintain bookings.

Nanney also pays a cleaner about $150 per week, depending on how many stays are planned.

The success of his first tiny home prompted Nanney to develop two others.

One is in Grand View, Idaho, about an hour south of Boise, while the other is a mountain property he co-owns with multiple relatives.

“You can increase your income and reduce your debt while maximizing assets you already own,” Nanney said.

“I don’t like having things sit around when someone could be benefitting from it.”