Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Short-Term & Vacation Rental Discussions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago on . Most recent reply

User Stats

4
Posts
1
Votes
Jeff Si
1
Votes |
4
Posts

What's the best way to invest my empty basement

Jeff Si
Posted

I have a house in Kirkland, WA, and currently living there with my girlfriend. 

This is a 3 bedroom 2.5 bath SF house with a walk-out basement. My girlfriend and I are using the master bedroom and also the two other bedrooms as office since we are both working from home. The basement is empty. It's a pretty big, above ground, and has a door to the outside. Basically it can be treated an additional bedroom.

We are considering rending the basement out to make some cash flow, but so far we don't know what's the best way to invest it out. Here some the thoughts:

1. The ski season is coming. Seattle has one of the best snow in US so I'm thinking renting the basement out during the ski season. The caveat is Kirkland is relatively far from the ski resorts. Normally it takes about 1 hour drive to reach the nearest ski resort.

2. We are also thinking out listing the basement on Airbnb. But we never did airbnb before so not sure how much that would impact our life. We are very enjoying ourselves living in this cozy house. Sharing the house with a stranger is something we are hesitating about. 

would love to hear suggestions from you all about how to make the best use of the basement or even the guest bedrooms (My girlfriend and I can go to office even though we are not a big fan) to make some money. 

Thank you all!

Most Popular Reply

User Stats

882
Posts
1,968
Votes
Sherief Elbassuoni
  • Realtor
  • Bellevue, WA
1,968
Votes |
882
Posts
Sherief Elbassuoni
  • Realtor
  • Bellevue, WA
Replied

@Jeff Si, finishing the basement would be the way to go. Either do a one year lease or Airbnb will work out.

Renting it out only during the Ski season may not work out primarily because Kirkland is not so close to skiing activities

Loading replies...