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How much ($$$) does it cost to start an airbnb?
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- Опубліковано 28 лют 2022
- This video is an outline of some of the different costs you need to take into account before you start your Airbnb business. I always recommend being conservative because when things go your way then it's an even better surprise.
Have any questions on your own airbnb investment? Let me know, I'd love to hear what you are working on!
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Helpful content thx!
Glad you think so!
thanks AJ for the air bnb videos! one thing im having trouble with is, i know some citites limit the amount of airbnbs per city. how do we check if doing an airbnb will be legal with local laws? last thing i want to do is buy a house and then the city shuts me down :( also im in the southern california area if that helps. thank you again for ur awesome videos
Hey Andrew, the best way is to call the city hall directly. They'll usually send you to someone who knows exactly what rules and regulations are in place!
What are some other costs we should think about?
Can you get multiple mortgages then buy multiple homes and put them on airbnb and pay off the mortgage and possibly make some profit??Then after 15 30 years have these homes just making moneyyyyyyyyyyy
@@tdioofor3245 yes you can but if you're buying in the same area you won't be able to get a vacation rental loan so you'll have to do 20 percent down. It will also depend on your debt to income ratio.
@@ajhustles i ve been seaching it on google.Do you know if a foreigner is eligable.It seema like as long as you have some type of card i think green E something you have the same rights as a citizenAlso can you get multiple 3.75 int rate loans or only one(forfot how they called)
@@ajhustles also theoretically you can be untouchable regulations wise cuz those houses will be yours .Arbitrage is only possible in ceryain cities.But this strategy seems pretty possible as long as you have good credit score and debt to income ratio
@@tdioofor3245 Apologies I'm not sure how it works for foreigners, but yes you can get multiple mortgages but again that depends on the circumstance
This girl got an 11K investment on an apartment and fully furnished. Explain
I’m confused on what your comment is referring to Roman 🤔