How to Invest in an Airbnb From Out of State
Local Vs. Out of State
This ability to
cherry-pick a market for your specific needs
is what makes investing out of state so desirable.
How To Select a Market
From a purely financial perspective, you will want to choose a market with strong rental demand, low demand for property, and good prospects for property price and rental demand growth.
It is crucial to accurately estimate what your expenses will be to make a sound investment decision. However, what expenses and what proportion they will take on can vary wildly from market to market and by property style
There is a rule of thumb that a good Airbnb should make 3x the long-term rental rate.
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