General Landlording & Rental Properties

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Eric Claus
  • Rental Property Investor
  • MI
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AirBnB and creating potential opportunities

Eric Claus
  • Rental Property Investor
  • MI
Posted Aug 19 2019, 08:30

Hi everyone!
I am new to BP and somewhat new to REI. My wife and I frequent AirBnB when we travel and have considered the potential passive income through this service.

Near our home is a relatively popular recreational area. Through initial research, there are very few AirBnB options for anyone out of town looking for a non-hotel experience. 

My question: Does anyone have experience, or recommend either way, in purchasing land to build a potential AirBnB to rent out on a daily/weekend/weekly basis?  I have run the numbers on a beautiful piece of land and cost of building lodging. Initial signs suggest the numbers can work. My worry is, unlike having a regular tenant, the monthly income is more seasonal and less predictable. Is is worth it? Thoughts, experience, advice?

Thank you!!!

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