All Forum Posts by: Carson Gunther

Get a job, even if it's part-time, so you can start paying income tax and forming a work history. This is a super underrated way that helps you a ton but in a roundabout way. The job will help you with 2 things:

1. Builds and establishes your credit. This also helps you apply to credit cards and build your credit much faster.

2. Creates a work history that will help you get financing MUCH easier down the line. This is something to consider and allows you to have a wide range of options when it comes time to buy your first property.

ex.My friend only did 5 hours a week at McDonald's from 18-21 while going to school. This set him up with a consistent work history (although nearly no pay) and ultimately put him "on the map", which has opened more financing options up for him, even if it's small things like credit cards and personal loans.

Being so young while preparing to go into real estate, the goal is to open as many doors as you can so you have awesome choices for when you're ready to walk through them. 
DM me if you want some other niche things to look out for and learn while you prep to get into this. You got this man!

Hey Everyone,

Inspired by this post (found at the bottom) and my clients who are in need of a solid way to analyse Airbnbs, I completely reworked a property analysis template and wanted to include it here for everyone. I have implemented the same cool graphs and data ranges that you see here while improving upon the income and expense assumptions you can make to accurately gauge your property. This spreadsheet allows you to estimate accurate monthly income by including a way to account for various price discounts. With this spreadsheet, you can also count for Airbnb rental arbitrage alongside your traditional, buying and Airbnb-ing the property.

https://docs.google.com/spread...

Posted on the Google Drive link above, it is the master copy for you to simply download or copy and save to your own Drive. This meant that any bug-fixes and improvements that are made will be automatically updated to the link. Download, change, then comment back with improvements you've made so we can keep making it better. Have fun!

Original post: https://www.biggerpockets.com/forums/530/topics/715486-airbnb-income-calculation-spreadsheet?

Hey William and all,

Inspired by this post and my clients in need of a solid way to analyse Airbnbs, I completely reworked a property analysis template and wanted to include it here for everyone. I have implemented the same cool graphs and data ranges that you see here while improving upon the income and expense assumptions you can make to accurately gauge your property. This spreadsheet allows you to estimate accurate monthly income by including a way to account for various price discounts. With this spreadsheet, you can also count for Airbnb rental arbitrage alongside your traditional, buying and Airbnb-ing the property.

https://docs.google.com/spread...

Posted on the Google Drive link above, it is the master copy for you to simply download or copy and save to your own Drive. This meant that any bug-fixes and improvements that are made will be automatically updated to the link. Download, change, then comment back with improvements you've made so we can keep making it better. Have fun!