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Updated almost 8 years ago,
AirBnb opportunity
Does this look like a good opportunity?
I have an opportunity to rent out the new beautiful units in my building for $1650.
Its beverly hills california, 90210 zip code, the location is perfect for tourists.
I want to rent as many as i can and AirBnB them as much as possible.
If you rent them for $100 a night thats a min of $2500 per unit for 25 days.
$150/ night brings in
$3750/ month
$250/ night brings $6250/month per unit
That is the worst case scenario, good case scenario and best case on 25 days. There is a reality between them which is still pushing a min 25% return on investment.
I dont have experience with airbnb, I would appreciate some tips for the yaysayers, also if anybody wants to go in on this with me, message me asap.