Back to BP after ten years.... Now what? Considering Airbnb ARB.

[Jason Eyerly]

Well, I'm back. After ten years, building a career as a Flight Medic / RN I've paid off all my medical collections (pending deletion) and credit cards. I'm waiting for my score to update. Hoping for 650 but I had some late payments when my father passed. When I close probate next month I'll have about $100k banked. $110-$120 by years end if I don't spend money on dumb stuff. I'm considering Airbnb arbitrage to have cash flow without purchasing a property. I owe $22k on one vehicle and $44k on another. I do plan to spend about $20k to finish my commercial pilots license and multi engine rating. I'll have my re license and my pm license again soon. 

But, I've been out of the game so long I don't know how to use this capital to be successful and scale quick. My dad is gone and I'm completely on my own now. I can't afford to screw up. 

[James Carlson]

If your only goal with buying an STR is for an investment, now may not be the time.

It's not good for my business as an STR-focused agent here in Colorado (subtle marketing plug there), but I tell all my clients who want an Airbnb investment that they better either:

A) find a killer deal, small property but hyper unique and blow it out with design, amenities and photos; or

B) have a secondary goal to enjoy the property ... you know the old-school second home idea.