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Updated almost 5 years ago on . Most recent reply
Airbnb property or Duplex
I have qualified for an FHA loan pre approved for $250000. I don't know which route I should go. Should I buy a duplex in a nice city outside Atlanta or should I buy a newly renovated house in Atlanta to use as an AirBNB. I know the AirBNB property would generate more income on a monthly basis but it fluctuates. I like the stability of the duplex income but I want to make as much money as possible. What would you guys do? Which route would you take?
Most Popular Reply
I will go with the Duplex. Our downtown Airbnbs are not doing well right now. No events, No gathering, No good quality bookings. Turned some into MTM barely make enough to cover expenses. Not sure how long this will last. Luckly we have enough reserve. You don't want to get in real estate deal with this. Get the Duplex and have that passive cash flow....