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So the simple step is to afford half a dozen properties with pre-COVID rates/prices, and use them as AirBnBs which further hurts the local real estate market, keeping homes away from people that can no longer afford them due to supply Very cool…
There are a lot of missed lines of thought here. First - if you are thinking about buying a place to rent, you’d be better looking at multi family. Second - airbnb is not giving most markets a 70% Occupancy rate. Those are the top top performers. 50% is more norm. There are also a lot of hidden cost like cleaning, repair, management fees, etc that eat into your margins. Also - if you get negative reviews, your positioning and client booking tanks. And the market is also now over saturated. I’ve done both - there’s a lot more risk with Airbnb. Tighter margins, less guarantees. Rents have also gone up quite a bit.
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Oh... now 65k not the 23k you claimed in another video... soooo you are charging now 600 bucks a night, for 30days straight for each property. IRS would love to hear about how you allegedly do this. So which is it... 23k or 65k... or both...
So you charged up to 200 bucks a night (assuming 30 days was booked straight) on each property . As a airbnb host myself, for 15yrs, this is neigh on impossibility unless you are rigging the system. So this video, is unrealistic and not attainable for the average person who has a full time job. But hey, you scam what you like i guess.
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Okay, but he forget to calculate that these people could invested the mordgage rate (1011$ per month). It woul be 1,5 M$ after 30 years and you would saved 120 k interst.
Hi, wouldn't it be a quicker & Dirtier version to just estinate the gross revenue (low, best, and high) and divide it by either 15% or 20%? In the example on this video: 1) best gross revenue estimate of $65,700/20% = max purchase price (plus improvements) of $328k 2) high gross revenue estinate $83k / 20% = max purchase price (plus improvements) of $415k Under these two assumptions i would have just skipped any further analysis... it's a time saver... i only go deeper if it meets either the 15% or 20% estinated gross revenue to price (purchase price plus improvements) This is a clear example that sellers need to come down in price, and that airbnb buyers should excercise financial restraint and not keep overpaying. Finally, estinate should consider what a normalized gross revenue is for the area (most estinating tools, including aridna, look at last 12 months, and if the last 12 months were not normal (i.e. pandemic prices), then buyer are kikely to experience revenue compression in the event of economic softening.... Hope this helps....
Hello! Thank you for your incredible content! I have learned so much! Quick question, how do I find a Condo that allows Airbnb? How do I reach out to the HOA to see if they allow short term rentals? Thank you so much for your time!
This is an insane point to make by using a situation that just about NO ONE is in! Extremely misleading. In the case you laid out I’ll agree with premise but what about the 99.99999% of people your example doesn’t apply to. They should absolutely be paying off their house early. Their interest rate is problem 6-7% and they are getting a guaranteed ROI. I could keep going but the point is your using an extremely unrealistic point to lead the larger majority in the wrong direction
VIEWER BEWARE Making up numbers in fantasy land. Please find better content. Do your own due diligence. Would have been a good video if it was based of factual data.
Your not factoring risk in stock market young man. In 2008 which you may not have been born yet, a lot of people lost a lot of $ in stocks. It can and will happen again
