Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Marketing Your Property
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago,

User Stats

14
Posts
2
Votes
Ryan Hammers
  • Ponte Vedra Beach, FL
2
Votes |
14
Posts

Flip gone bad....... Could Airbnb work?

Ryan Hammers
  • Ponte Vedra Beach, FL
Posted

From this point I've done only 100-125k are flips and rentals.  I rehabbed a higher end house in Neptune Beach, FL (Jacksonville).  I'm at my breakeven point before I start eating money and they are going to call the loan in the next 4 months.  It's a nice house but a 500K price yelds a pickier client range and not exactly the layout they may want. I get a lot of showings and never offers.  I was thinking about refinancing it and turning it into an AIRBNB.  It's approximately 5 min bike ride from the beach.  Close to shopping centers / nice restaurants in a very nice area.   I believe that if I could rent it 60% of the time at $300 a night it would work great but I'm in the colder part of Florida that doesn't have as many attractions as other parts of the state and not sure if it would stay rented 60% of the year.  It's a nice area but not exactly, Orlando, Miami, etc.  I be also faced with coming out of pocket another 7k for adding in beds, washer, dryer etc.  If I start renting it now and it goes vacant during the winter I'll have to wait till summer again to sell it not to mention taking it off the market when the potential to sell it could be high or risking another down turn in the next few years.  Any advice on airbnb in this area or ideas on what to do, I'm all ears.   I'm at a crossroads.   

To see photos of this house: https://www.zillow.com/homedetails/1515-Kings-Rd-Neptune-Beach-FL-32266/44625867_zpid/

Thank you Ryan Hammers 

Loading replies...