Don’t have enough capital to own property? Enter Airbnb arbitrage, the popular investment strategy that allows you to rent out someone else’s property for a profit. Of course, there are a few challenges that come with this. Namely, you’ll need to convince your landlord that it’s a good idea! As always, Ashley and Tony are back with some important tips.
In today’s episode of Rookie Reply, we’re breaking down Airbnb arbitrage, and weighing the pros and cons on both sides of the arrangement. We also touch on the best liability protection strategies, using a HELOC for a down payment, and when it might be advantageous to buy a turnkey property versus a distressed property. Finally, we tackle the subject of tax planning and how hiring a CPA could help you save a fortune come tax season!
If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group! Or, call us at the Rookie Request Line (1-888-5-ROOKIE).
Ashley:
This is Real Estate Rookie episode 270.
Tony:
So, there definitely are I think a lot of positives and the disadvantages. I would oppose that question to the person that’s doing the arbitrage or asking to do the arbitrage and see what their responses are. Right, if you bring up the concerns about maintenance and repairs and they’re just kind of like stumbling, they don’t have a good response for you, then don’t work with them. If you bring your concerns around liability and what they’re doing to minimize that or mitigate that risk, then don’t work with them. So pose your questions to that person, see what their responses are, and if you feel confident with what they’re saying, I think it’s a win-win for both of you guys.
Ashley:
My name is Ashley Kehr and I’m here with my co-host, Tony Robinson.
Tony:
And welcome to the Real Estate Rookie Podcast where every week, twice a week, we bring you the inspiration, motivation, and stories you need to hear to kickstart your investing journey….