Invest in an Airbnb property

Uber
bjobccj

Go to company page Uber

bjobccj
Sep 25, 2021 9 Comments

Is it a good idea to Purchase an Airbnb property?

Thinking about putting 300k as down payment maybe loan 600k.

The return is about 13% cash on cash.

But is it a long lasting business? We certainly have to hire a PM company as we can’t manage this. Average stay time is about 3 days.

#personalfinance #investments #airbnb #airbnbdata #realestate

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TOP 9 Comments
  • Facebook / Eng
    wndiwplowo

    Go to company page Facebook Eng

    wndiwplowo
    Never ask for financial advise on internet forums. It’s the blind leading other blind people.

    I once asked if I should buy Ethereum. They said it is a fad. It was trading at $8 back then
    Sep 25, 2021 1
  • Between 2012-14, I was offered bitcoin as pay in some sites for content writing, I skipped them for real money. Reality is harsh sometimes.
    Sep 25, 2021 1
    • New / IT
      rdc5

      New IT

      rdc5
      Lol I know how you feel. I took the opportunity 7 years ago and it was one of the best decisions I’ve made. You can still buy Btc though, it’s still gonna get to another ath.
      Sep 25, 2021
  • Twitter
    lteg33

    Go to company page Twitter

    lteg33
    PM’s charge 25-30% of revenue as their fee for short terms rentals. Did you consider that in your math ?
    Sep 25, 2021 1
  • I do LTR, but have thought about STR. I’d do research first on how the local municipality is treating STRs. In some cases they make you pay the same taxes as hotels, and require you get licensed to do them all together.

    If that’s the case, it may not be worth it.

    Also, find out how long it’s been an STR and why the current owner is selling. If their netting 36k+ a year, there’s a reason they are selling. Make sure to get a home inspection and write it in as a contingency.

    Lastly have you compared LTR for STR? For 300K a year and 600K in loans (900k total) you could pickup multiple properties for some diversification and have some decent lower stress dividends.
    Sep 26, 2021 0
  • Maybe.
    Sep 25, 2021 0