So this article is one of those pyramid scheme articles. Where they essentially say "quit your job, and just speculate on the housing market instead".
What they don't tell you is that you are buying from the people who commissioned this article.
> So we started with house hacking, a lower-cost way of getting into real estate. We planned to buy a house, live in a part of it, and rent out the rest of the home to someone else.
> We bought a five-bedroom home in Redding, California, four hours north of San Francisco. While we lived in a 252-square-foot detached guest house in the backyard, our main house was bringing in about $8,000 a month in revenue on Airbnb.
> We were basically living for free and getting paid money every month. We grew confident in real estate and saw its potential. I even set a personal goal to quit Meta once I was making $10,000 a month from real estate.
> We doubled down and bought two more properties in 2021, and by the end of that year, I reached that $10,000-a-month milestone. I then bought two more homes in 2022 and one more in 2023.
Literally an advertisement for AirBNB
Of course, if you can do it, it's a good option. But according to what I hear around me, you are just as likely going to be feed for the experienced sharks as maintenance costs and bad tenant choices eat you up.
AirBNB has a bit of bad press in the news lately for squatters not leaving airbnb's, and the owners cant get the city to remove the squatters who stopped paying rent, some are over a year now.
Wouldn't surprise me to see a couple stealth story ads.
What they don't tell you is that you are buying from the people who commissioned this article.
> So we started with house hacking, a lower-cost way of getting into real estate. We planned to buy a house, live in a part of it, and rent out the rest of the home to someone else.
> We bought a five-bedroom home in Redding, California, four hours north of San Francisco. While we lived in a 252-square-foot detached guest house in the backyard, our main house was bringing in about $8,000 a month in revenue on Airbnb.
> We were basically living for free and getting paid money every month. We grew confident in real estate and saw its potential. I even set a personal goal to quit Meta once I was making $10,000 a month from real estate.
> We doubled down and bought two more properties in 2021, and by the end of that year, I reached that $10,000-a-month milestone. I then bought two more homes in 2022 and one more in 2023.
Literally an advertisement for AirBNB
Of course, if you can do it, it's a good option. But according to what I hear around me, you are just as likely going to be feed for the experienced sharks as maintenance costs and bad tenant choices eat you up.