Nice to see some honest discussion about the risks. Too many course sellers all preach pie-in-the-sky opportunities, with nothing but profits with no risks. There is also the risk of signing a lease only to find that your analysis was off, or based on wildly optimistic revenue projections. Or, there is a problem with the property that keeps people from renting as an Airbnb, OR, you get a couple of bad reviews for whatever reason, and now people stay away from it or don't even look at it. Now what? You are stuck paying a lease, plus utilities, out of pocket. Sure, you can choose to break the lease, but if you provided your SSN as opposed to ONLY signing the lease as an LLC member with no personal guarantee, your credit gets screwed.
Hey Buddy! We have 1 AirBnb in Place but If like to scale up to 15 AirBnBs in the next 12 Months. Is there any way to work with you and learn from you? By the way: The AirBnBs would be in Greece!
Reach out to Keron - his info is in show description. BiggerPockets also offers Agent Finder. A way for you to find a investor friendly real estate agent in your market! Happy Investing!
Thanks for sharing. Arbitrage opportunities can be enticing, but it's essential to be realistic. I did some research on Keron's Airbnb listings in Stratford. He appears to have 6 properties, with the most popular priced at $120-$160 per night in March. Comparatively, long-term rentals in the area go for $1500-$2000 per month. Assuming 90% occupancy (27 days) at $150 per night, the Airbnb could generate $4050, supporting his claim of a 100-200% return. However, a 90% occupancy rate might be optimistic. Similar listings in the area show projected occupancies below 65%, reducing potential income to around $3000. I also studied Denver, DC, and Chicago - places I frequently visit or reside in - and found limited arbitrage opportunities. Could there be any flaws in my analysis?
TONY! Great job on your first solo episode!! This one was just perfect. I have a similar story and strategy, and it was SO encouraging to hear someone on the same wavelength 😅
Nice to see some honest discussion about the risks. Too many course sellers all preach pie-in-the-sky opportunities, with nothing but profits with no risks. There is also the risk of signing a lease only to find that your analysis was off, or based on wildly optimistic revenue projections. Or, there is a problem with the property that keeps people from renting as an Airbnb, OR, you get a couple of bad reviews for whatever reason, and now people stay away from it or don't even look at it. Now what? You are stuck paying a lease, plus utilities, out of pocket. Sure, you can choose to break the lease, but if you provided your SSN as opposed to ONLY signing the lease as an LLC member with no personal guarantee, your credit gets screwed.
How can you break away from a lease? If you signed for a set time period like a year or two
How do you file taxes with rental arbitrage schedule C or schedule E
Do you need an LLC ?
Can I do it in different states?
Stop paying taxes, buy cheeseburgers
Hey Buddy! We have 1 AirBnb in Place but If like to scale up to 15 AirBnBs in the next 12 Months. Is there any way to work with you and learn from you?
By the way: The AirBnBs would be in Greece!
I’m also in CT looking for a property to get started with
Reach out to Keron - his info is in show description. BiggerPockets also offers Agent Finder. A way for you to find a investor friendly real estate agent in your market! Happy Investing!
Thanks for sharing. Arbitrage opportunities can be enticing, but it's essential to be realistic. I did some research on Keron's Airbnb listings in Stratford. He appears to have 6 properties, with the most popular priced at $120-$160 per night in March. Comparatively, long-term rentals in the area go for $1500-$2000 per month.
Assuming 90% occupancy (27 days) at $150 per night, the Airbnb could generate $4050, supporting his claim of a 100-200% return. However, a 90% occupancy rate might be optimistic. Similar listings in the area show projected occupancies below 65%, reducing potential income to around $3000.
I also studied Denver, DC, and Chicago - places I frequently visit or reside in - and found limited arbitrage opportunities. Could there be any flaws in my analysis?
Yes you should factor in if he actually has guest(s) that stays in the properties in more of like a mid term rental situation vs a per nightly rate
@@homecomingharvest9987thanks for your reply. I found it was the most difficult part to validate the real occupancy. Any suggestions?
Go Keron! So happy for your success
I'm also in CT renting out a room on Airbnb and looking to expand
Thank you all very much! Super excited for this episode!
Making me wanna try this on my Torrington ct properties 😄😄
please do more solos
TONY! Great job on your first solo episode!! This one was just perfect. I have a similar story and strategy, and it was SO encouraging to hear someone on the same wavelength 😅
Great content !
Yay Keron!
Keron!!!! Congrats to you my friend 👏
Fellow police officer, when I saw him I said "looks like a cop" hahah glad he confirmed it
What are the 18 reasons? Lol