I started hosting on Airbnb when I would go away on business or on vacation, and began to really enjoy the hosting experience and that high of making money from a passive investment.

I've been wanting to finally jump into the game but have been hesitant as I'm relatively young (mid-20's), recently started my career, building up some of my own money, and just been nervous to make the jump.

Investment Info:Single-family residence hard money loan investment.

If you plan to be more active and scrappy in your investing, there's always a way to make money.

So you may end up having to come up with quite a bit of money or additional debt.

These steps are learning, looking at the market, getting your money ready, picking your plan, getting a team, finding a place, checking it out, making an offer, and handling your investment.

But you have to be careful where you invest and who you invest your money.

Now if you paying all cash or using a hard money loan that different.

The 5 percent you pay an agent to properly market a nice property will far outgain what you will lose involving someone who will come in and pretend they have the money to buy just to daisy chain it to every Facebook group in the area.

That allows you to get your reno money back out, and some cash as well on the refinance.