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Started By
Message
How to find $150000 in funding with no job for an airbnb?
Posted on 1/14/24 at 3:56 am
Posted on 1/14/24 at 3:56 am
tiktok investors xis this illegal? Might start me an LLC tomorrow
8
Posted on 1/14/24 at 4:39 am to bobBoxer
Start by using a comma
Posted on 1/14/24 at 6:44 am to bobBoxer
I wouldn’t take real estate or investment advice from someone who says “she didn’t have no…”
Oh… carry on.
quote:
Might start me an LLC
Oh… carry on.
Posted on 1/14/24 at 7:24 am to bobBoxer
She “liquidated” her credit cards offered to her by the banks for $150k. Lol. False.
Posted on 1/14/24 at 7:26 am to bobBoxer
You need to get rid of TikTok if you are even considering following financial advice found there.
Posted on 1/14/24 at 7:27 am to bobBoxer
There's one guy who posts videos about short term rental property purchases, he's so upbeat about violating IRS and other lending laws.
Spoiler, don't lie to your loan officer that the house you're buying is indeed going to be your primary residence.
Spoiler, don't lie to your loan officer that the house you're buying is indeed going to be your primary residence.
This post was edited on 1/14/24 at 7:28 am
Posted on 1/14/24 at 7:28 am to bobBoxer
I couldn't read any of that
Posted on 1/14/24 at 7:28 am to bobBoxer
You think she got 150k in biz credit cards right away after opening an LLC? 
These airbnb clowns just rent those properties then airbnb them out
These airbnb clowns just rent those properties then airbnb them out
Posted on 1/14/24 at 7:32 am to bobBoxer
Until things break and you need the cash or ability to get loans to pay for repairs.
Posted on 1/14/24 at 7:56 am to SDVTiger
quote:
These airbnb clowns just rent those properties then airbnb them out
Guilty ;) I own my other one though. My rental one has made me about $50k over two years. I dont recommend "buying" one with credit cards lol
Posted on 1/14/24 at 7:59 am to johnnyrocket
1st it is 150,000 not 1,500,000
2nd she has no furniture in that place
3rd that is one of the dumbest things I've heard in a long time
2nd she has no furniture in that place
3rd that is one of the dumbest things I've heard in a long time
Posted on 1/14/24 at 7:59 am to Jcorye1
quote:
he's so upbeat about violating IRS and other lending laws.
fricking the IRS is wholesome and patriotic so this makes sense.
Posted on 1/14/24 at 8:03 am to scottydoesntknow
quote:
Guilty ;) I own my other one though. My rental one has made me about $50k over two years. I dont recommend "buying" one with credit cards lol
Property owners allow this?
Are you required to carry a certain insurance policy?
Posted on 1/14/24 at 8:54 am to blueboxer1119
quote:
quote:Guilty ;) I own my other one though. My rental one has made me about $50k over two years. I dont recommend "buying" one with credit cards lol Property owners allow this? Are you required to carry a certain insurance policy?
Depends on the owner. Mine is a large, newish apartment complex. I talked to the owner, told him exactly what id be doing. I am a good renter for them. Rent is autodrafted. The apartment always stays clean and staged well. They can use it to show potential renters when guests arent there.
It would be unwise to try to do this without informing the owner first.
Posted on 1/14/24 at 10:18 am to scottydoesntknow
quote:
Depends on the owner. Mine is a large, newish apartment complex. I talked to the owner, told him exactly what id be doing. I am a good renter for them. Rent is autodrafted. The apartment always stays clean and staged well. They can use it to show potential renters when guests arent there.
It would be unwise to try to do this without informing the owner first.
I don't understand this. You rented an apartment- and then you list it on AirBnB, and make enough money doing this to make it worth it to keep renting the apartment? Where is this? Why would people pay to stay in an apartment complex?
This is eye opening for me.
Posted on 1/14/24 at 11:28 am to ExtraGravy
quote:
I don't understand this. You rented an apartment- and then you list it on AirBnB, and make enough money doing this to make it worth it to keep renting the apartment? Where is this? Why would people pay to stay in an apartment complex? This is eye opening for me.
Oh yes. Im not down on giving out personal details...but ill give you some numbers. Its a 3br 3.5ba apartment. I paid $27000 in rent/utilities/cleaning and grossed about $45000 in revenue for the year. By no means is this a magic bullet easy money in the bank thing. I spent plenty of time cleaning/preparing/dealing with guests etc. As you can see this one apartment isnt making me a baller but its a nice supplement to my main income.
Posted on 1/14/24 at 12:14 pm to scottydoesntknow
Look up airbnb arbitrage or airbnb rental arbitrage
Posted on 1/14/24 at 12:26 pm to LStU
quote:
Look up airbnb arbitrage or airbnb rental arbitrage
I realize that this occurs.. and for anyone who is able to supplement their income using this strategy- i am genuinely happy for you.. but i guess.. im just surprised that landlords would agree to let tenants do this, like ever .. obviously it happens though, so it’s not as unbelievable as it seems .
Posted on 1/14/24 at 6:51 pm to BK Lounge
quote:
I realize that this occurs.. and for anyone who is able to supplement their income using this strategy- i am genuinely happy for you.. but i guess.. im just surprised that landlords would agree to let tenants do this, like ever .. obviously it happens though, so it’s not as unbelievable as it seems .
I think it only makes sense in specific circumstances. That said, if someone is interested in doing this, call some apartment owners. Youll be surprised some may not care
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