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Updated over 3 years ago,
RV/Camper vacation rentals
Would you put money into buying an RV/camper (depreciating asset) in order to put it up on a website like Ourdoorsy (the Airbnb for RVs and campers)?
My neighbor down the street is selling a 21' camper that is super clean and only two years old. Her price is pretty good too because she's motivated to sell.
We have the space in our backyard to store it and the cash to buy it. I'm seeing this as a quick and easy way to create some income without having a mortgage payment. We would also be one of the only Outdoorsy listing in our 5 mile radius in North Texas. If we get it rented out for 100 nights, we'll have the initial purchase price paid off. All the rest is icing on the cake (barring any repairs, maintenance costs, etc.).
Thoughts?