I'm out on a limb here. I have no experience on this subject, but the thought hit me as I biked past Daytona Internationall Speedway. Is it profitable to own…
So this is the fourth unit and our Air BnB rental we restored in the two duplexes we bought a few months back. It’s a one bedroom, one bath finished with furniture and everything. Our plan is to rent in on Air BnB when we don’t need it ourselves. It could potentially bring in the same return as we get from the permanently rented apartments, but with slightly more work.
Below are a few photos I took before we started this project. (more…)
Nice ones at that. There are two duplexes with one 2 bed, 1 bath and one 1 bed, 1 bath in each house. I posted some photos of them here on the blog earlier, but I think you might get a better idea of it all in this video from our walk around the place:
I am honestly pretty proud of what we did, me and Rachel. These two duplexes are now in really good condition. There is also a smaller house in the back of the property which is rented by a very kind and quiet old man. We then have two more houses down the street, both rented to nice and clean younger men.
If we get everything rented, which we should since there is already a long list of people wanting to move in, we should be getting a 25% return on investment. That is really spectacular and makes me very happy to say the least. We spent $ 155 000 buying all the houses. Another $ 15 000 on fixing them up. $ 170 000 total. Rental income should be just over $ 4 000 a month.
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Make sure what kind of building it is you're getting. Some real estate can be very expensive to own. That does not mean it's bad, but you might need a…
I have decided to concentrate my real estate to two villages I know 100%. As I spend more and more time abroad it's the most logical solution giving the simplicity…
Lite av det hela bloggen går ut på är att redovisa utvecklingen av mitt företagande och min ekonomi. Som det står i högerkolumnen ------> är mitt mål att ha minst…