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The Water Cooler
General Discussion
Anyone here in the AirBnB or similar business?
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<blockquote data-quote="TinkerTanker" data-source="post: 3810987" data-attributes="member: 50228"><p>Here's the deal, Air B&B's, after all the upkeep, turnover, and maintenance, net you about the same as a long term rental. If you're on the fence, it's so much less work to skip the headaches and buy a long term rental place local to you. We kept using my re-up bonuses and our tax returns to buy more property, rent them out, and use the profit to buy more. We looked at the numbers on an Air B&B several times, but for the turnover and upkeep it never was worth the added labor.</p><p>Most important thing you can do is start, whatever you choose. Housing market will be dog crap in winter too, if you can wait. You'll pay more in interest, but if you're a pay-it-off minded guy it won't matter. You make a large part of your money when you buy right.</p><p></p><p>(Edited for Cabernet influenced structure)</p></blockquote><p></p>
[QUOTE="TinkerTanker, post: 3810987, member: 50228"] Here's the deal, Air B&B's, after all the upkeep, turnover, and maintenance, net you about the same as a long term rental. If you're on the fence, it's so much less work to skip the headaches and buy a long term rental place local to you. We kept using my re-up bonuses and our tax returns to buy more property, rent them out, and use the profit to buy more. We looked at the numbers on an Air B&B several times, but for the turnover and upkeep it never was worth the added labor. Most important thing you can do is start, whatever you choose. Housing market will be dog crap in winter too, if you can wait. You'll pay more in interest, but if you're a pay-it-off minded guy it won't matter. You make a large part of your money when you buy right. (Edited for Cabernet influenced structure) [/QUOTE]
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