Landonrds that do Arbnb, is it a good strategy to....
Good Afternoon Investors,
Ok so I want to buy a few properties and ARBNB them, I have a hard money lender that give me repair money along with the house loan amount. Goal is to ARBNB them the third month or so once they are completely renovated so that it pays for the monthly mortgage then, sell it within 6-8 months.
I would buy it outdated, add value either square footage or upgrade it, and sell it for a higher price.
-My question is how do I find out if the area I am trying to buy homes rent often?
-How much does ARBNB take from your monthly rental income ?
-Is ARBNB even profitable after all expenses (Mortgate, water, electricity, internet, cleaning service. Am I missing anything ?) ?
Thank you in advance for you response !