I am looking to get into owning property as an investment on Airbnb, and also to use it for a few weeks out of the year.

    The location I have in mind is near where my parents are retired on the gulf coast, so there is someone nearby to check on it after weather events and emergencies. The area experiences a fair amount of tourism, and property values are still very affordable. It has several factors going for it that I believe will cause the value to go up in the next few years. I have scouted out some management companies that handle everything about the property for 10% of each booking, which seems to be a normal rate among these management companies here).

    I’ve never invested in property before, but I’ve been wanting to learn the ropes. I know it can be a lot of work and there’s some risk involved, and that is fine with me. But since I’m still in the initial research phase, what should I know before diving into this? What stupid/naive mistakes should I avoid making? If this goes well, I could realistically buy 2-3 properties down south for the price of 1 in the northeast (where I live currently) with a much lower property tax burden.

    Has anyone factored real estate into their FI strategy?
    byu/OnlyHappyThingsPlz infinancialindependence



    Posted by OnlyHappyThingsPlz

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