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Updated over 3 years ago,

User Stats

16
Posts
4
Votes
Mike Rodriguez
4
Votes |
16
Posts

What do you think of this strategy?

Mike Rodriguez
Posted

Hi All! I wanted to know your input on this strategy, I've done a couple of small projects, dealt with tenants etc. and also have a w2 job which I want to quit and do this full time.

Instead of purchasing one big hotel, I want to purchase small duplexes, triplex and fourplexes and airbnb them (it's allowed in my area). To keep funding the next purchase, I want to refinance the previous purchase and go into the next one. 

However, is this overleveraging even if it's in the correct locations? Can the income from this replace a w2? 

Is airbnb a long-term strategy or short term? How do I know if I can pay myself a salary from this? 

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