My first rental property Duplex for AirBNB
Hi I was thinking of acquiring my first rental property and using it for airBNB and have two listings making me double the money. Do you think this is wise, or What is the best property type to make the most cash flow? I also will be purchasing and having down payment of 20% not arbitrage rentals. Im 23 and make 80k/year So any advice for a newbie would be greatly appreciated!
Most Popular Reply
"So would it just be smarter to have a long term rental rather than short?"
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Why do people ask questions that are impossible to answer given the information they have provided? Do your homework (as noted above). Analyze your numbers in accordance with your homework information (for example, you haven't told us where you intend to buy, so nobody can give you any information as to vacancy rates), and then compare those results with the analysis of a long term rental.
Not so difficult now is it?