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Updated about 3 years ago,
Buying half of fathers Airbnb house
Hi! I’m new here and this is my first post. I’ve been considering buying a house to use for Airbnbs. My father currently owns a property which is where I got the idea.
My father owns his Airbnb house completely and has offered to let me buy half of his Airbnb house. I would receive half of the income from Airbnb and my father would take that money I pay and move to Florida. I’m seeking some advice as I have never owned a property before. I don’t know what are benefits to this approach other than perhaps a safety net to learn about owning property and managing rentals. Any thoughts are welcomed.
thank you in advance.