|This is our new house!|
Our new home is in a master-planned community that features fiber optic Internet and is smart-home ready. There is a beach entry pool and cabana as well as miles of walking trails. The lot is 50% larger than the lots we looked at in other neighborhoods. There are no houses directly behind the one I am buying. Instead, there is a pond with a beautiful fountain.
On the surface this would not seem to be a frugal decision, but since 2006 I have built my real estate portfolio by moving into a new house every few years. It's the way I've been growing my net worth. But this time, instead of finding a long-term tenant, I will try AirBnB. From the research that I've done, I am confident we can rent our current house on AirBnb for an amount that will more than cover the mortgage on the new house.
I should close on the new house by the end of July. In the meantime, we are preparing our house for rental. Such an exciting time!
Congrats on the new house. It sounds like a great deal. I'm interested to see how the Airbnb works out.
Thanks Andy. I am really anxious to get this house on AirBnb. Will be sure to let you know how it works out.Delete
sounds like a good plan. I have a friend who does airbnb and is doing very well with it financially.ReplyDelete
Jan, thanks for commenting. Glad to hear your friend is successful with it. We live a few miles from the beach so I think the house will appeal to tourists.ReplyDelete
Best of luck with the AirBnb, Just reading some of your earlier posts, I am sure you will be successful.ReplyDelete
Thanks Lisa. I'll post updates about my AirBnb experience .Delete
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