All Forum Posts by: Account Closed

@Wendy Schultz great information! I think you make an important point - why are there not the number of rental opportunities that I thought there might be/should be? That my be the first question I look to answers.

@Dustin Allen as I continue my search into the area, it seems that one of the local real estate agents is a long time investor in the area. Reaching out to him may provide a lot of insight. Thanks for the suggestion!

@David M Trapani thanks for the reply! Yes, my initial search on Airbnb gave very little options for me to rent in this area. Finding the specific why is a great suggestion. There may be some aspects to it that I am unaware of.

@Matt R. These are some things I did not consider. Thanks for the insight and feedback!

Jason, thanks so much for the reply. All great points! Definitely something I need to dig deeper into before making any moves. Good luck to you and all you're doing!

Hi everyone!
I am new to BP and somewhat new to REI. My wife and I frequent AirBnB when we travel and have considered the potential passive income through this service.

Near our home is a relatively popular recreational area. Through initial research, there are very few AirBnB options for anyone out of town looking for a non-hotel experience. 

My question: Does anyone have experience, or recommend either way, in purchasing land to build a potential AirBnB to rent out on a daily/weekend/weekly basis?  I have run the numbers on a beautiful piece of land and cost of building lodging. Initial signs suggest the numbers can work. My worry is, unlike having a regular tenant, the monthly income is more seasonal and less predictable. Is is worth it? Thoughts, experience, advice?

Thank you!!!