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Updated over 3 years ago on . Most recent reply
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Investing in AirBnb property
Team,
After looking at multiple investment strategies I came to the conclusion (I may be wrong) that the highest ROI I can find is by investing in AirBnb properties. I have 120k cash for down payment to invest, great credit and a high salary. I'm interested in buying in Florida or PR at the moment since those places are close to me. Anyone with experience in airbnb willing to give me some pointers of where to buy and what mistakes not to make? Also, I heard you can buy a bnb using 10% down as secondary vacation home. Is that true?
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Airbnb is a bigger time commitment, but I have found interacting with guests is more enjoyable than interacting with tenants. As you have mentioned the returns are significantly higher. Also find an area and property near your home that you truly enjoy and won't mind spending time there.