As An Investor What Would You Do?

[Cody Brookes]

I currently own an Airbnb house in North Fort Worth and make a little extra every month maybe 300-500. Managing it is not too terribly hard but I am trying to determine my next move. I have a few ideas and want to see what you would do as an investor to get the best return.

Here are some of my possible options, feel free to give me other options that you think would be a good idea.

1st Option - Fully rent out the property to a long term lease. Mortgage on the property is $1350 and it would rent for $1900, I would most likely only make 200-300 after accounting for expenses. 

2nd Option - Do a long term lease with someone who wants to Airbnb arbitrage the property for $2050, I wouldn't have to manage the airbnb part of it. I would make $700 profit but I have already managed it as an Airbnb unless the team makes some crazy changes to the property idk if it would be worth it for them. (I guess not my problem but just thinking ahead.)

3rd Option - I have nearly 100k in equity, I could sell the property, after all expense I would keep 70-80k and then use that money to buy nearly 2-3 more properties out of state. 

[Rick Pozos]

If the str route is not too much trouble, I would stay with that. BUT you might need to step up your game on booking. With a mortgage at 1350, electric, water, yard, etc puts you at about 1700. You should be getting about 150 per day at 20 days thats about 3000 or over $1000 per month cash flow!! As Rob Schneider says, 'You Can Do It'

We started our str and did ok. Then we started networking with other str people locally. We gave what works for us and incorporated what worked for others. It bumped us up quite a bit. Cashflow increased.