Next investment with 30-50k
I have a successful Airbnb that is nearly 100% passive. Brings in roughly $1,000 in my pocket each month after expenses, manager, and mortgage.
I have $30-50k to invest. I’m not sure if I want to get into another Airbnb, get into a small business (storage, rv, laundry, car wash, etc.), or something entirely different.
I’m looking for something as passive as possible.
Suggestions? Ideas? What would you do?
Most Popular Reply
- Property Manager
- Royal Oak, MI
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Many cities in Michigan and across the USA are putting limits on STRs.
These restrictions typically don't apply to MTRs => minimum 30+ day stays.
The challenge is there are FEWER people looking for 30+ day stays than a long weekend stay.
So, you really have to know the target market and dial in your marketing efforts.
DM us with any questions about MTR in Macomb, Oakland & Wayne Counties:)
- Drew Sygit
- [email protected]
- 248-209-6824
