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How much/what kind of real estate do you own?
Posted on 12/7/21 at 2:38 pm
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 on 12/7/21 at 3:46 pm to Billy Blanks
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.
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.
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 on 12/7/21 at 3:55 pm to Billy Blanks
Condos in Brickell
A house on the N Shore of Oahu
All do very well with airbnb
A house on the N Shore of Oahu
All do very well with airbnb
Posted on 12/7/21 at 3:55 pm to Billy Blanks
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 on 12/7/21 at 4:00 pm to Billy Blanks
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 on 12/7/21 at 4:22 pm to Billy Blanks
100 acres of timberland in Greene County, AL
Posted on 12/7/21 at 4:36 pm to Billy Blanks
Condo in Gulf Shores and rental house in Foley...Meyer, soon to be Vacasa, on the condo and the house I handle.
Posted on 12/7/21 at 4:47 pm to Billy Blanks
1/4 acre primary residence
Posted on 12/7/21 at 4:54 pm to Billy Blanks
12 SFH, it can be a hassle but returns so far are worth it.
Posted on 12/7/21 at 6:09 pm to NOLAGT
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 on 12/7/21 at 6:43 pm to Billy Blanks
Some acreage. Mostly timber. Some soybeans.
Posted on 12/7/21 at 7:19 pm to Billy Blanks
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 on 12/7/21 at 7:22 pm to Billy Blanks
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
Cost which is normally fine but…
Air bnb service fee
Cleaning fee
Tax
$120/night rental turns into $300 quick
Posted on 12/7/21 at 7:32 pm to GeauxD7
primary residence in California
about a dozen rental properties in Indiana
about a dozen rental properties in Indiana
Posted on 12/7/21 at 8:04 pm to SDVTiger
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 on 12/7/21 at 8:07 pm to Billy Blanks
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 on 12/7/21 at 8:09 pm to Billy Blanks
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.
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 on 12/7/21 at 8:32 pm to TheOcean
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 on 12/7/21 at 8:40 pm to Billy Blanks
Self. Will probably always self
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