Additionally, he said that it was a plus that an investor can close in 10-15 days, vs waiting for a conventional buyer to close in 45 - 60 days.The house is in San Diego, CA and would sell for about $1.2 million. 

They give tourists an alternative option to boring hotels, while spending money at restaurants and other area attractions.

The new features that Airbnb is introducing seem geared toward attracting more hosts, so I can only assume demand is increasing much faster than supply.

We took a family vacation here and there and we don't pinch pennies, but we were essentially doing that from our W-2 income so we could maximize investment dollars.In December 2020 I reached a net worth of about $2 million, had almost $200,000 in the bank, rentals were grossing almost $20,000 a month, and no debt.

So if I have $2 million ( mark to market value) in notes, I hold $4 million in real property, at 50% leverage meaning I have an additional $2 million invested in equity.

They do jobs that are millions of dollars often for commercial contractors.

For example a $1.2 million house in the Bay Area will be worth $24,000 more with a 2% increase. 

This also opens up the opportunity to attract tenants with higher levels of income.Ease of ownership Finally, the fact that the property has multiple owners means that there are multiple sets of hands to take care of the day-to-day operations of managing an investment property.

We wanted a nicer property to minimize maintenance headaches and to attract a higher class of tenant and therefore new construction was recommended to us.

You will attract better tenents and your property  value will appreciate. everything will cashflow depending on how much money you use as your down payment, however using only 20%, you will need to look outside the Gta Try looking at Peterborough,  London, Kingston or Brantford.