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Coach
Isn't airbnb dying? I'm not sure this is the market I'd get into rn. See if you can find some for a steal in a year or so.
Subject Expert
Iowa.
Subject Expert
Why not? Cheaper real estate. Decent cities. Should be more stable instead of the boom and bust of most areas.
Curious why you say Iowa? I own 6 there, so I don’t disagree…just curious why you say it.
Coach
Travelers are trending back to hotels. Airbnb is providing lower value for price paid. The saturation of Airbnb’s in good areas make it unprofitable. What is more likely is distressed Airbnb sellers in the next 12 months. It won’t solve the housing problem. Unless you are putting an ADU for 50k behind an existing house for $200 a night, or renting a tent on your property it’s really risky. The situation would have to be low risk high reward. I’ve even looked in other countries. LTR rentals are still viable but it’s tough to find cash flow at 8% interest. The cash on cash return isn’t there. I could make more on high yield savings with zero risk. With limited risk I can get 12% in the stock market fairly easy.
EA1, do you own any real estate?