All Forum Posts by: Colin Hassell

Hey @Michael Baum - yes, I would like to use the property sometimes. I'm flexible on location as I have easy access to transportation.  The reason for the 250k cap was because this is my first rental/airbnb and I'm trying to ease into things and minimize risk without over extending myself.

 Appreciate the advice - do you think I am being unrealistic with my 250k maximum price target? I've looked at a few places and don't see many properties in that range.

How did you go about selecting a market for your first airbnb?  Given that this is my first property, I wanted to dip my toes in by looking at properties in the 200-250k range.  That being said, I'm having a hard time narrowing down where I should look for areas with good occupancy and average daily rates.  Any suggestions would be greatly appreciated!

I've been contemplating the idea of an Airbnb for sometime and have been reading all I can for the past year or so.  Where I have been struggling is determining what market to enter.  Since this will be my first airbnb, I'm looking to buy a property in the 200-250k range.  I'm a bit overwhelmed when looking at the entirety of the country and then trying to narrow down to other markets from there and finding ones that meet secondary criteria for occupancy, ADRs, etc.   Any advice on how to down select and hone in on markets would be greatly appreciated, especially when price is a main consideration (mainly because this is my first property and would want to dip my toes in first).

Thanks in advance!