It sounds too good to be true: You buy a vacation home in your favorite spot to relax, then rent that property out whenever you’re not using it to pay the mortgage and bring in a tidy profit.
It’s actually a pretty tried-and-true process, and real estate investors have been doing it for years to pay for beach homes, condos in Vegas, and retreats in tropical paradises. However, now that Airbnb is in the mix, more people are getting in on this strategy and, not surprisingly, more people are making mistakes. Be sure to watch your back – and your wallet – if you are hoping to make a mint on vacation properties on Airbnb.
For the full scoop, go to: NewsForInvestors.com