Buying my first AirBnb
Hello all,
I’ve been listening and silently scrolling through the forums for a few years now. But I figured I would make my first post.
I am wanting to buy a vacation rental in the Nashville area. I ran the numbers and the CoC return is about 25% assuming 50% occupancy rate and and average nightly of $275. The units are brand new so there are no rental data on them and they are about 10 minutes outside of Nashville, I still kind of nervous about it and will probably let analysis paralysis talk me out of doing it. Just looking for some advice/questions I could ask to gain a better idea of what I should do or if I should even get into STRs at all. Thanks again!
Most Popular Reply
Take the plunge! Sounds like you have done more than enough research. The best way to learn is through experience. My wife and I had similar nerves before we bought our first STR.
There will certainly be times where your inexperience may leave you overwhelmed but the good news is you have a great community here at BiggerPockets willing to help you out with any issues that may come up. There are also numerous free resources outside of BiggerPockets that are very helpful as well.
If you have any specific questions feel free to reach out! Happy to help. Good luck!