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Updated about 5 years ago on . Most recent reply

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Carl Payne
  • Miami, FL
3
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26
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AirBNB Bailout Options?

Carl Payne
  • Miami, FL
Posted

I've been trying to figure out how to make ends meet with my AirBNB portfolio.  Empty guest lists = unhappy lenders

I was also looking into out-of-the-box ideas and stumbled onto bnbbailout.com.  I'd really like to see if anyone on BP had used them or has a positive/negative opinion? 

Does anyone else have a better AirBNB alternative?  If there's something working for you, I'm sure you'd gains some BP friends by sharing.

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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
15,340
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12,571
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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
Replied

This sounds too go to be true.

There is no collateral on this loan. I see the typical fee listed, must be a high interest rate.

They do pull credit (soft pull) so you have to qualify for the loan.

People making good money doing short term rentals should be putting back reserves to weather a couple months with reduced or no income.

  • John Underwood
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