Investing in Airbnb Property

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QSEF72

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QSEF72
Feb 18 6 Comments

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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TOP 6 Comments
  • New / Eng
    fytkkkec

    New Eng

    fytkkkec
    I’ve been researching about it and it’s a headache… at least in Miami.
    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
    Feb 18 3
    • New / Eng
      fytkkkec

      New Eng

      fytkkkec
      I think so. It’s in the best location of the city, leasing allowed and people in this complex lease for more than my monthly mortgage payments so I can say I got kinda lucky
      Feb 18
    • New / Eng
      fytkkkec

      New Eng

      fytkkkec
      I know you should finance it as an investment property if you don’t live in it so look into that
      Feb 18
  • Global Data Systems / IT
    shoshnebu2

    Global Data Systems IT

    shoshnebu2
    If you live in the house at least 6 months you can finance it as a primary home…it’s called house hacking. You can technically move out earlier if you bought the home as your own in good faith.

    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.
    Feb 18 1