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Updated over 1 year ago on . Most recent reply
West Eleventh Residences: An Airbnb Building, Your Thoughts?
https://www.bizjournals.com/so...
2 of my friends just invested, one in a studio for 540k and one friend invested in a one bedroom apt for 1 mill.
Studio apartments now starts at 650k. They're asking for 10 precent at the time of signing, again after 6 months, one year and 2 years.
Building will be completed by 2028 (might be longer), nightly rate with airbnb could be between 350-450$ for a studio apt, I know with this money I could buy 2 SFH somewhere else in FL. Your thoughts?
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#2 Short-Term & Vacation Rental Discussions Contributor
- Olympia, WA
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#2 Short-Term & Vacation Rental Discussions Contributor
- Olympia, WA
I dunno. This has been paraded around off and on for the last couple of years.
Not really sure. One thing that has me wondering is the tax situation. Seeing as the place offers a ton of concierge services, it might reflect back on the owner and change the tax situation. I am not sure by any means of that.
I do know that $400 a night won't cover a 1m nut to my satisfaction.