Date: May 12th, 2016 11:47 AM Author: judgmental hall
You said you get 1.5k passive from airbnb, still makes no sense how you have money to purchase apartments just to rent out, but anyway, that means you're making 3.5k/month from your "job" lol.
Date: May 12th, 2016 11:58 AM Author: judgmental hall
So you sign leases on multiple apts despite having no assets and no guarantor? Also you rent 100% of these at over the rent you're paying in order to turn a profit? Lol doesn't sound very believable that you'd be able to get the leases and keep 100% occupancy. What would you do if you couldn't find tenants and suddenly owed rent on 6 apts? Give us the whole story because you're clearly leaving the part out where your parents are bankrolling this
Date: May 12th, 2016 12:08 PM Author: copper curious pistol
sup pumo MFE. what the dude is describing isn't the least bit novel; people have been doing this hustle on airbnb for years now. if you fucking google it you'll find 50 articles talking about people renting out an apartment as one normally would and then turning around and putting it on airbnb.
not saying it's risk free. in fact you'll find the costs and benefits for the people doing this and the apartment owners themselves discussed in depth in any of the articles you could find with twelve keystrokes instead of running your yap.