Started By
Message

How much/what kind of real estate do you own?

Posted on 12/7/21 at 2:38 pm
Posted by Billy Blanks
Member since Dec 2021
4979 posts
Posted on 12/7/21 at 2:38 pm
I've been considering switching rentals into Airbnb. I've heard the returns are worth the hassle.
Posted by TheWiz
Third World, LA
Member since Aug 2007
11865 posts
Posted on 12/7/21 at 3:03 pm to
Fat Bastard in...

Posted by YOURADHERE
Member since Dec 2006
8418 posts
Posted on 12/7/21 at 3:46 pm to
We just bought a home a year ago but we also have a townhouse(owned) near campus that we rent out. I'd eventually like to add more rental properties later down the road.

quote:

I've been considering switching rentals into Airbnb. I've heard the returns are worth the hassle.


If you're not familiar with it play around with [link=(airdna.co )]airdna.co[/link]. It pulls data from AirBNB and VRBO and you can use their Rentalizer tool to give a pretty accurate estimate of what a property can bring by turning it into a STR, supposed to be fairly accurate as well. If it's as accurate as they say we're leaving about $10k on the table per year. I was also quite surprised to find a decent camp in Grand Isle could pull $40k+ a year.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
93000 posts
Posted on 12/7/21 at 3:55 pm to
Condos in Brickell
A house on the N Shore of Oahu

All do very well with airbnb
Posted by deltaland
Member since Mar 2011
100232 posts
Posted on 12/7/21 at 3:55 pm to
A 3,000 sq ft home and 85 acres of pine timber in south ms. Looking at buying a couple hundred acres of farm land soon
Posted by MrJimBeam
Member since Apr 2009
12956 posts
Posted on 12/7/21 at 4:00 pm to
I have several SFH and have been looking into expanding into MFH or air bnb type property eventually. Gonna look into airdna link someone posted.
Posted by jchamil
Member since Nov 2009
18780 posts
Posted on 12/7/21 at 4:22 pm to
100 acres of timberland in Greene County, AL
Posted by SalE
At the beach
Member since Jan 2020
2906 posts
Posted on 12/7/21 at 4:36 pm to
Condo in Gulf Shores and rental house in Foley...Meyer, soon to be Vacasa, on the condo and the house I handle.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 12/7/21 at 4:47 pm to
1/4 acre primary residence
Posted by NOLAGT
Over there
Member since Dec 2012
13938 posts
Posted on 12/7/21 at 4:54 pm to
12 SFH, it can be a hassle but returns so far are worth it.
Posted by Billy Blanks
Member since Dec 2021
4979 posts
Posted on 12/7/21 at 6:09 pm to
quote:

12 SFH, it can be a hassle but returns so far are worth it.


Nice, that seems like a solid amount to have. Any of the houses paid off?
Posted by Jim Rockford
Member since May 2011
104240 posts
Posted on 12/7/21 at 6:43 pm to
Some acreage. Mostly timber. Some soybeans.
Posted by geauxnc0308
pineywoods of ET
Member since May 2008
594 posts
Posted on 12/7/21 at 7:19 pm to
Converting a rental to owner finance Thursday, my cash flow will double. I’m in TX so foreclosing not much harder than evicting should that need arise. Something to consider and run the numbers vs. ABNB
Posted by GeauxD7
Baton Rouge, Louisiana
Member since Dec 2009
703 posts
Posted on 12/7/21 at 7:22 pm to
Air bnb used to be good for consumers now it’s starting to price me out.

Cost which is normally fine but…
Air bnb service fee
Cleaning fee
Tax

$120/night rental turns into $300 quick
Posted by audioaxes1
Member since Jul 2019
233 posts
Posted on 12/7/21 at 7:32 pm to
primary residence in California
about a dozen rental properties in Indiana
Posted by Sho Nuff
Oahu
Member since Feb 2009
13374 posts
Posted on 12/7/21 at 8:04 pm to
quote:

A house on the N Shore of Oahu

You got a license? They're making it very difficult for people these days, it's ridiculous. I have long-terms rentals on Kauai and Oahu, not dealing with BnB.
Posted by TheOcean
#honeyfriedchicken
Member since Aug 2004
45110 posts
Posted on 12/7/21 at 8:07 pm to
I have 8 properties. 7 rentals and my primary residence. Had zero properties two years ago. Have been aggressively buying and my net worth has skyrocketed
Posted by NOLAGT
Over there
Member since Dec 2012
13938 posts
Posted on 12/7/21 at 8:09 pm to
Not yet we just bought 11 of them on the same street.

We had 2 already (sold a poor producer after buying these) and saved to buy 1-2 more. Then a friends dad was looking to simplify his life and was looking to sell these 11 so we made adjustments. I closed March of 20 in the height of the COVID crap and they appraised 100k more than I paid (I’d like to see now lol). Rates were so low I refied my house dropping from 4 to 3% interest rate and pulled out the down payment from equity (still have plenty left). We were able to save the cash we saved and had instant rainy day account so could take some profits and still be able to cover everything (including my slightly increased monthly mortgage on our house) and pay a extra 20k a year on the total loan of these new 11. Plan is to keep paying the extra 20k a year and knock out all the rentals (commercial loan 5y 20y am) then knock out the house.
This post was edited on 12/7/21 at 8:14 pm
Posted by Billy Blanks
Member since Dec 2021
4979 posts
Posted on 12/7/21 at 8:32 pm to
quote:

I have 8 properties. 7 rentals and my primary residence. Had zero properties two years ago. Have been aggressively buying and my net worth has skyrocketed




That's awesome. Self manage or property manager?
Posted by TheOcean
#honeyfriedchicken
Member since Aug 2004
45110 posts
Posted on 12/7/21 at 8:40 pm to
Self. Will probably always self
first pageprev pagePage 1 of 2Next pagelast page

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on X, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookXInstagram