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Updated over 2 years ago, 05/06/2022
Airbnb Arbitrage vs. Wait and Save for Next Property
From the title I am unsure which my next best investment should be this year.
1. Ask around the area to start Airbnb Arbitrage. Cost would be low - $10k-$15k and time up and running would be less than a month or two. Down side I have no appreciation but would get almost immediate cash flow to start looking for the next one.
2. Wait and save up for another unit to live in for house hack and make my current home an Airbnb. Cost $30k-$45k and would take 7-12 months to save up.
Currently I have one Airbnb I purchased in Jan 22'. I have another home as a house hack that I am living in. Just really trying to figure out the best route and the way the market has been. Obviously, both are great but hoping to make the best of my wealth opportunities and continually grow as quick and effectively as possible.
Thanks,
Jason