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Updated almost 5 years ago, 01/17/2020
Big Bear short term rental
Hello everyone,
I live in downtown Los Angeles and I go up to Big Bear quite a bit. I know this subject has been mentioned here a while back before but I want to start something newer.
I am looking into purchasing a 3 bedroom/2bathroom cabin in Big Bear and put it on Airbnb and/or VRBO. After my downpayment I am looking at a mortgage of $1700/month approx, plus tax and insurance maybe $2100.
I plan on going up there about one weekend a month and rent out the rest of the time.
Anyone here have experience on this that may want to share with me? Is it profitable or break even?