Find out what a typical nightly rate is for your area (not what air bnb charges, the actual nightly rate the owner will receive not including the cleaning fee).

Using a whole life policy to secure a line of credit can be a powerful tool, especially since you’re leveraging a guaranteed asset.

There is no cash flow involved with a personal residence not being used for business purposes.Avoiding leverage on RE involving cash flow negates the power of using OPM, other people s money.

Buyers have significantly more negotiating power.

If it were me, I would get them out now so you can clean/renovate during the winter and get it on the market in early Spring.

The numbers will be lower, but yes you won't be waiting to see bookings come through and you won't have to clean rooms (takes us about 10 minutes) between stays.

It wasn't the messiest thing I've seen, but still required clean up on my end which the clients weren't happy about at all.The third client is a self employed hair dresser and she compained of poor communication, inability to understand what they wanted form her and complete confusion over their payroll directions.For the price paid, I'd say the results were mediocre at best.

The sooner you invest, the more time you have to benefit from compounding returns and property appreciation.Key Lesson #2: Leverage Financing Wisely Using my VA loan was one of the best financial decisions I made, but I didn’t fully understand the power of leveraging financing at first.

Hi Anderson,Real estate investing is indeed a powerful way to build lasting wealth due to several key factors.Firstly, steady cash flow is one of the primary benefits.

This can also simplify cleaning schedules.