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Updated almost 3 years ago,

Ian K.'s profile image
Ian K.'s profile image
Ian K.
  • Member since Jan 5, 2021
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15
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Ian K.'s profile image
Ian K.'s profile image
Ian K.
  • Member since Jan 5, 2021
Connect
Ian K.
4
Votes |
15
Posts
Short-Term & Vacation Rental Discussions

1.6 million airBnB 1.5 hours north of NYC

Ian K.
Posted

I'm in a discussion with my business partner about a deal he's doing upstate NY and whether it's a good deal or not. So I am looking for others opinions.

It's futuristic looking house in the middle of the woods upstate. Will be used primarily thru AirBnB bookings.

The management company thinks they can rent it out for 1k a night.

Mortgage and Taxes will be about 78k a year or 6500 a month.

I have no experience with airbnb or these type of vacation rentals...but it seems risky to me, any insight?

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