TOP MARKETS to invest in with Airbnb

[Michael Porche]

I am looking at the following markets to invest with Airbnb for easy 50% COC returns:

• Florida (Gulf Breeze, Navarre, Marathon, Pensacola)
• Idaho
• New York ( Rochester, Lake George, Sarasota)
• Wilmington, Vermont
• Shenandoah, Virginia

What are your thoughts on these markets? Let’s connect! I would love to know your take on these areas. 

[William Anderson]

Add the Mississippi Gulf Coast to that list.  Our prices are lower than any on your list Michael.  We have 12 casinos and lots of beaches.  The area is conservative and most cities permit vacation rentals.  I regularly help people find properties that will meet their financial needs.  Our prices are going up as and interest rates are up as well.  This is putting some strain on an investor's ability to buy a property and use it 100% as a vacation rental.  The market for vacation homes that are rented when the owners are not in residence is good and they can make financial sense.

I recently purchased two 10-year-old houses within walking distance of the beach for $127k each.  Turned them into vacation rentals and they are generating great income.  I sold a rehabbed house a little further from the beach but close to clients who converted it to a vacation rental, and they paid $198,000.  They told me it is getting good rental traffic.  Just some things to consider.