Thoughts on AirBNBing a rental?

[Dale Viljoen]

i am 18 years old and have about 5000 USD saved up and would really love to get into real estate as soon as I can. I was thinking about signing a rental agreement for a apartment/house for a year and then renting it out as holiday house per night.

I live in NZ and the apartments I am looking at cost about 450 NZD a week disincluding watet . If I look at similar ones I can see it goes for about 100 - 120 NZD a night. I am going to estimate the water to be about 30 NZD a week. So I will have to be making atleast 500 a week to break even and thats meaning I'll need a minimum of 5 nights out of seven to be booked out which is massive risk. Would apreciate advice on the best way to get into real estate with not a lot of money. Thank you for everyone who has a input!

[Jordan Moorhead]

@Dale Viljoen as long as you’re upfront with the landlord and follow local laws you should be ok