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Updated 10 months ago on . Most recent reply

User Stats

8
Posts
4
Votes
Ethan Robert Millay
  • Investor
  • Louisville, KY
4
Votes |
8
Posts

21 year old looking for advice on first Airbnb

Ethan Robert Millay
  • Investor
  • Louisville, KY
Posted

I am looking to buy an start an airbnb in Louisville area. Any and all advice will help!

Most Popular Reply

User Stats

8
Posts
4
Votes
Ethan Robert Millay
  • Investor
  • Louisville, KY
4
Votes |
8
Posts
Ethan Robert Millay
  • Investor
  • Louisville, KY
Replied
Quote from @Jon Martin:

At your age I would start with a primary residence and house hack a small part of it for STR. Ideally you would look for something with a detached garage or walk out basement where you can give your guests their own private entrance, parking and a small outdoor space. If there is already plumbing in the basement then convert that into another bath and kitchenette. Get the best possible location you can afford and let your guests subsidize your living expenses.

Once you have that rolling and you understand the game you can then invest your W2 income into additional properties. 


 Thank you for your response. I've always been 1099 income and currently have a house in Indiana that is a long term rental. My job pays for my appartment in kentucky now. 

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