I'd like to learn more about how to invest in properties, to rent on Airbnb, if anyone has been successful with it.
Some questions I'm thinking about -
1. How do you choose the state/city for this property - I know it should be in a tourist area, but which are the places that get rented out fast
2. Do you get property managers to take care of it, if you are in a different state
3. Any other advice
Yoe - 7 years, 460K
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I ended up taking a mortgage on a condo in a complex that allows leasing out. So in case I move, I can easily rent it out and let it pay itself
This happened to me, I actually moved out after 3 months after having issues between my wife and roommates. Because I absolutely bought it with the intent to live it’s legal. It’s been a rental property for 3 years now.