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Updated 10 months ago on . Most recent reply
Pricing an Offer for Active BnB
I've got all of my ducks in a row (financing, agent, multiple potential deals). Have a few turnkey BnB properties I'm evaluating but not sure how to assess flowing revenue streams. I get that there should be some premium for a running business relative to SFH comps, but what is reasonable, recognizing that resale won't necessarily have only STR seekers interested? Don't want to price myself out of a future market.
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Quote from @Steve Ford:
I've got all of my ducks in a row (financing, agent, multiple potential deals). Have a few turnkey BnB properties I'm evaluating but not sure how to assess flowing revenue streams. I get that there should be some premium for a running business relative to SFH comps, but what is reasonable, recognizing that resale won't necessarily have only STR seekers interested? Don't want to price myself out of a future market.
You should not be paying a premium because someone is currently using the house as an Airbnb. It's still just a house and needs to be valued as such.