All Forum Posts by: Allison Patterson

Not exactly, just want to make sure we're getting the best possible deals and not buying at the top of a bubble that's about to burst! 

Bought property for $160k back in 2011...recently sold for $240k. Wanting to re-invest but, because of COVID, and delayed mortgage payments by banks (and thus, decreased foreclosures) we are unsure. Would love to turn the profit into 3 more rentals but also wondering if it's better to pay capital gains now (~$15k) and pay off our house or bite the bullet and buy property now under 1031. 

Hearing the housing market will crash soon from a lot of places ... Any advice??

So my husband and I have enough to put 25% down on a lake house that is about an hour and a half away from where we currently live. We have four other rental properties right now (just for background). 

My question has two parts: 

A.) Would it make more sense to purchase property to AirBnb (approximately $325.00/night) and have the $1,500.00/month mortgage or to pay off our existing house to decrease interest paid over the course of the loan? 

B.) Has anyone done AirBnb before and, if so, how did you handle cleaning and maintenance? 

Thanks!