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Updated about 2 years ago on . Most recent reply

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Kiko Mattoso
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Kiko Mattoso
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7
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Short-Term & Vacation Rental Discussions

Profit to pay new mortgage

Kiko Mattoso
Posted

Hi everyone. 

I own one Airbnb. I want to buy the second, but I am afraid it’s going to be hard to pay for two mortgages, with only my 9-5 job.  Should I use the profit of my  airbnb to help pay the monthly installments of my supposedly second mortgage?  any other strat?

thank you so much. 

Kiko

New York City, New York
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John Underwood
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  • Greer, SC
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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
Replied

First you own a STR on Airbnb.

2nd,  The income from each property should more than pay its mortgage.

  • John Underwood
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