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Updated over 4 years ago, 06/15/2020
AIRBNB MY DUPLEX OR GET A TENANT? First House Hack
Hey Guys so most likely going to be getting a brand new construction DUPLEX close to downtown Houston, TX with a view of city off back porch with 4 lots empty next to property which are planned to build new houses on my builders so potential for equity in property looks good, but it is close to a rougher area/ some houses around are old and bad I'm trying t9 decide if i should spend the money to decorate vacant side of duplex "hoping" to rent it out to make more income then a 1,300 dollar rent because if i rented it out for $60-$90 for 25 days a month im looking at $1,500-$2,250 if i can hit those numbers, but this will be my first time doing airbnb or renting as this is a house hack for me hoping to live as close to free as possible with expenses all in being around $2,150 so kind of scared of having high vacany with airbnb or if its hard to get people to stay with the virus? a little nervous due to being a huge saver and this would cost a lot of money im not used to letting go off but i know property will increase in value just doubting it because im new to this.
Any replies or experience on this topic would be greatly appreciated!