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Updated about 3 years ago,

Bruce Woodruff's profile image
Bruce Woodruff's profile image
Bruce Woodruff
Pro Member
  • #4 All Forums Contributor
  • Contractor/Investor/Consultant
  • from West Valley Phoenix
  • Member since Apr 11, 2021
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Bruce Woodruff's profile image
Bruce Woodruff's profile image
Bruce Woodruff
Pro Member
  • #4 All Forums Contributor
  • Contractor/Investor/Consultant
  • from West Valley Phoenix
  • Member since Apr 11, 2021
Connect
Bruce Woodruff
Pro Member
#4 All Forums Contributor
  • Contractor/Investor/Consultant
  • West Valley Phoenix
13,601
Votes |
11,720
Posts
Short-Term & Vacation Rental Discussions

At what point do you build/buy another?

Bruce Woodruff
Pro Member
#4 All Forums Contributor
  • Contractor/Investor/Consultant
  • West Valley Phoenix
Posted

One of my places gets all weekly bookings...I've already turned down 4 guests for next year, so that's about $3k lost. The way it's going I can see a lost income of $10k (or more) this coming year. I've thought about building a smallish (400 - 500 SF, 1BR/1BA) little house on the property. I figure I could get it done for about $40k, which I could make back in 2 years.

What would you do?

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