Is buying in Big Bear crazy!?

[Emily Mitchell]

My husband and I live in San Diego. We’ve always wanted to own in Big Bear and finally have the $$ for a down payment. But the current market has us pretty freaked out! We are hoping to at least break even with renting it as an Airbnb. Anyone have any opinions on the current market in Big Bear and trying to add another Airbnb to it!?

I feel confident in my ability to create a very attractive, unique airbnb. But we are going to have to rely on a management company because we are 3 hours away.

Would love some input while we try to make this decision! Thank you so much!

[Tyler Peitzmeier]

Hey Emily,

My wife and I just looked at a bunch of properties in Big Bear a few weeks ago, and funny enough, all the properties that were for sale were AirBNB's. For us, the numbers did not make sense with all the city taxes and property management fees we would be required to pay. 

I am not saying it wouldn't work, but for us there is much better markets to choose from that would bring much more profit.

I hope this helps!

Tyler