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Updated over 6 years ago,
Rental Properties via AirBnb
So my husband and I have enough to put 25% down on a lake house that is about an hour and a half away from where we currently live. We have four other rental properties right now (just for background).
My question has two parts:
A.) Would it make more sense to purchase property to AirBnb (approximately $325.00/night) and have the $1,500.00/month mortgage or to pay off our existing house to decrease interest paid over the course of the loan?
B.) Has anyone done AirBnb before and, if so, how did you handle cleaning and maintenance?
Thanks!