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Short-Term & Vacation Rental Discussions

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Emily K.
  • Property Manager
  • Philadelphia, PA
49
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32
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Realistic, but supportive advice about buying a triplex

Emily K.
  • Property Manager
  • Philadelphia, PA
Posted Dec 22 2020, 08:03

Hello everyone,

I currently manage 3 Airbnb properties and I have the potential to thrive in this market. I do everything including meeting up with the renter if necessary, cleaning, communication and stocking. After 2 years of doing this, I want to purchase my own duplex or triplex and rent them for Airbnb and live in one unit. I want to do this with FHA 3% down and get a decent off market deal in Philadelphia. I would consider a fix and flip as well. Has anyone done this with very little money to start with? In my current role as a veterinary technician, I do not make much money and Airbnb managing has the potential to replace my job. I have only saved 10k thus far but I feel it's time to come up with a plan. I would like someone give me advice on this idea. What do you all think?

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