Is it crazy to get into Airbnb now?

[Yael Fuerst]

I'm looking to refinance my existing investment property to purchase one in Pittsburgh for the purpose of short term rental am crazy to do it in the current market situation with Airbnb being what it is ? 

[Andrew Steffens]

I think it depends on the market. There are markets that are very saturated with STR and with vry bloated prices and high interest rates it could be impossible to turn a profit at all. And then again there are markets that are still profitable in the current market conditions. I think it is important to note it is also what your expectations and goals are. I look at this industry as a marathon and not a sprint. If you are looking to buy 1-2 properties and live off the income - probably pretty crazy. If you are looking to have a solid investment property that is paid with OPM and makes a little bit of cashflow that you can sell later in life for a major windfall - probably not that crazy.