Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Short-Term & Vacation Rental Discussions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago,

User Stats

2
Posts
0
Votes
Firoze Mehta
  • Belmar, NJ
0
Votes |
2
Posts

First time investor - Airbnb in Poconos, PA?

Firoze Mehta
  • Belmar, NJ
Posted

Hello BP community. I'm a first time investor looking to purchase a distressed home in the Poconos. The goal would be to Airbnb the place out so that we can cash flow more than would be possible with a long-term rental, and so that we would have access to the home for ourselves when desired. Total budget including rehab and furnishing would be around $150k. Would ideally be a place that feels secluded, has a cabin like feel, surrounded by nature, and is not part of a community with fees.

I've looked at previous discussions around this topic, but I still have many questions:

- Does anybody have direct experience with short-term vacation rentals in the Poconos? I would love to connect to get an idea of how it's going for you (vacancy rate, cash flow, your overall experience).

- I'm drawn to the Mt Pocono area for it's proximity to local attractions, but does anybody have any other recommendations? I know Poconos is a big area, but I'm just looking for a few suggestions of towns that work better than others for short term rentals. 

- Any other help/recommendations would be greatly appreciated! Despite the initial research suggesting how difficult it is to make money in this area, I want to stay optimistic and believe it's possible. Thank you all in advance!

Loading replies...