How to Pick a Profitable Market to Set Up a Cash Flowing Airbnb

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Күн бұрын

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@xCraftyDadx 4 ай бұрын

Thank you for sharing this video. Amazing insight! If you ever get the chance I would love to see an analysis of Black Hills South Dakota. It is vacation spot (Mount Rushmore, Custer state park, Crazy Horse Mountain) and skiing at Terry Peak and Hosts one of the biggest bike rallies in Sturgis, SD. The black hills are right off the edge of South Dakota’s 2nd largest city, Rapid City, SD.

@appsm7110 Ай бұрын

Hi, wouldn't it be a quicker & Dirtier version to just estinate the gross revenue (low, best, and high) and divide it by either 15% or 20%? In the example on this video: 1) best gross revenue estimate of $65,700/20% = max purchase price (plus improvements) of $328k 2) high gross revenue estinate $83k / 20% = max purchase price (plus improvements) of $415k Under these two assumptions i would have just skipped any further analysis... it's a time saver... i only go deeper if it meets either the 15% or 20% estinated gross revenue to price (purchase price plus improvements) This is a clear example that sellers need to come down in price, and that airbnb buyers should excercise financial restraint and not keep overpaying. Finally, estinate should consider what a normalized gross revenue is for the area (most estinating tools, including aridna, look at last 12 months, and if the last 12 months were not normal (i.e. pandemic prices), then buyer are kikely to experience revenue compression in the event of economic softening.... Hope this helps....

@PaulGnirk 3 ай бұрын

This is great, as always! Thank you! I'm curious about Mid-Coast Maine. Specifically, Camden, ME, and/or adjacent towns. It's a destination spot for vacationers, weddings, etc., as well as those looking for their "forever home", so property prices seem to be getting higher and higher. Thanks for all the content you're pushing out!