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SVTPerformance's Chain of Restaurants
Road Side Pub
Interesting Covid Side Effect
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<blockquote data-quote="tistan" data-source="post: 16619030" data-attributes="member: 26495"><p>Air bnb, look at the prices on abnb right now. I don't know if those prices will hold for years, but they are 2-3 times what the were 2 years ago. Lets say you spend $5-600k on a second vacation home. You have to put 20% down since it is not your primary residence. lets say your mortgage is $450k at 3.5 and that equals $2k add in $500 a month for taxes and insurance and you have a $2500 payment. A nice whole home is renting for $3-500 a night. 10 nights a month has payed your mortgage payment and then some. Most people claim their abnb rents an average of 20 days out of the month. Right now you can easily double your money every month while using the banks money to do it.</p></blockquote><p></p>
[QUOTE="tistan, post: 16619030, member: 26495"] Air bnb, look at the prices on abnb right now. I don't know if those prices will hold for years, but they are 2-3 times what the were 2 years ago. Lets say you spend $5-600k on a second vacation home. You have to put 20% down since it is not your primary residence. lets say your mortgage is $450k at 3.5 and that equals $2k add in $500 a month for taxes and insurance and you have a $2500 payment. A nice whole home is renting for $3-500 a night. 10 nights a month has payed your mortgage payment and then some. Most people claim their abnb rents an average of 20 days out of the month. Right now you can easily double your money every month while using the banks money to do it. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Interesting Covid Side Effect
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