Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 2 years ago on . Most recent reply

User Stats

51
Posts
38
Votes
Rob Roy
  • Agent Sales Representative at BiggerPockets
  • Fort Collins, CO
38
Votes |
51
Posts

Airbnb in Annapolis?

Rob Roy
  • Agent Sales Representative at BiggerPockets
  • Fort Collins, CO
Posted

Hey all!

Looking to see if any investors on here have Annapolis, MD Airbnb listings... From all the numbers I've crunched, it would be really hard to cash flow on a long term rental in a SFH anywhere near downtown Annapolis (using VA loan or up to 5% conventional financing to purchase the property- not 20% down). And it only seems to makes sense once you go further out and look at townhouses in the mid 200Ks in Cape St. Claire/Arnold. However, I have a very strong feeling that Annapolis would be a great place to have a full time Airbnb rental, as three out of the four seasons there is always something going on and there never seem to be enough hotel rooms available. If that's the case, it would change the type of primary residence I'm looking to buy with the thought of making a 'separate Airbnb unit' in the house while I live there and then list it as a full time Airbnb place once I move on (as opposed to a standard lease/tenant). From what I can tell on airbnb.com, there are certainly quite a few listings and my initial gut tells me it would make sense. Just curious if anybody has some experience with Airbnb in this market.

Thanks!

Most Popular Reply

User Stats

9
Posts
8
Votes
Ben Bannister
  • Lender
  • Annapolis, MD
8
Votes |
9
Posts
Ben Bannister
  • Lender
  • Annapolis, MD
Replied

100% agree with Andrew. It’s too risky to buy residential real estate with the sole intention of making it a short term rental. You need an exit strategy in case laws change.

Loading replies...