My Second Airbnb (The Before)

Gray Frame Corner
Gray Frame Corner

After a pretty successful launch of my first Airbnb, I worked on my second one. I purchased this house 13 years ago for $101,000.

Planned Renovations

We plan on renovating this house pretty extensively. Pretty similar levels of finishes to a typical flip we might do.

Furniture

Most of the furniture will be purchased on amazon.com. We have had pretty good success with sourcing things from amazon both from a quality perspective and from a simplicity perspective.

Cleaning

For this house, we plan on getting a professional cleaner to clean between each guest. I am hoping that this goes smoothly and will allow for easier scaling.

Payoff Period

With additional costs between long term and short term rentals, that leaves the payoff period for this investment to be about 3.5 years.

Amortizing Improvements

Since the renovations are going to be adding value to the property, it would make sense to refinance them.

SWIPE UP TO LEARN  MORE ABOUT MY SECOND AIRBNB

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