Profit to pay new mortgage
Hi everyone.
I own one Airbnb. I want to buy the second, but I am afraid it’s going to be hard to pay for two mortgages, with only my 9-5 job. Should I use the profit of my airbnb to help pay the monthly installments of my supposedly second mortgage? any other strat?
thank you so much.
Kiko
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John Underwood
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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
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First you own a STR on Airbnb.
2nd, The income from each property should more than pay its mortgage.