All Forum Posts by: Andre Lai

New here and trying to learn different real estate strategies. I currently own a triplex that I am house-hacking. I've been looking into Airbnb for years but never pulled the trigger. What is the current viability of it now? Especially with the high likelihood that 100% bonus depreciation will be coming back.

Where is your triplex? Have you considered turning one of the three units in your triplex into a STR? Perhaps you have a unit coming up for rent, and you could dip your toe in by converting it from an annual rental into a STR. You could learn a lot without taking on much risk and you'd be right next door, so you could keep a close watch on it and even potentially do the turnovers yourself to earn the cleaning fee—just a thought. If you want to post or DM me the address, I can send you some revenue projections or comps.

It's located in San Jose, CA. I bought it as a single family home and turned it into a triplex. If I rent out all units then I'm a little over breakeven of PITI but I'm still paying back the money I borrowed to do the renovations. STRs in my neighborhood would net less than a LTR for various reasons (location, market, room type, etc.)

This is an appreciation market so I'm happy with breakeven but can't help but feel the money would be better spent elsewhere. I'm still a beginner and this was my first purchase.

I plan on doing a live-and-flip and sell next summer where I will pay off my debt, do another live-and-flip, and maybe get an out-of-state property too.

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Hello all,

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All Forum Posts by: Andre Lai

Andre Lai has started 1 posts and replied 2 times.

Post: STR Viability in 2025 Onward

Post: STR Viability in 2025 Onward