[Who Soup]

Here' s a good method if you want to make money in the real estate industry. 
Basically we will be renting out houses and putting them on Airbnb as vacation rentals and collecting a profit.

SWOT:

Strengths: Cheep way to get into real estate, Medium to medium low risk, fairly "hands off" depending on how you run it, fast money
Weakness: People will start to do this more and more, dealing with guests, Possibly have to clean units/fix things or hire people
Opportunity: Lots of room for quick expansion if done right, very quick money; you can withdraw quick, creates cash flow putting your risk lower with the more you have
Threats: Some states/countries may require permits, so this is a gray hat method if you choose to operate with out a permit, People could damage the home, Laws are being made to try and stop this method

Steps:

Step 1)
Create an Airbnb account.

Step 2)
Go on Zillow and find a place to rent, make sure it's near places of interests that tourists may visit.  I would suggest a property in your area, preferably a single family home. 

Step 3)
Compare vacation rental prices either on Airbnb or hotel websites such as Expedia and try to undercut them as much as possible while still getting a profit.


Useful Calculations:
Example:
Cost of rent (monthly): $2500
Air BNB Daily price: $150 (which on average in the US is pretty low)

Potential profit:
(Daily profit) * (# of days a month) = Potential Profit
$150 x 30 = $4500 that can potentially be made

ROI (Return On Investment)
(monthly expense)/(Daily profit) = ROI
$2500 /$150  = 16 days to make back money


Now all you have to do is rent it out and make a profit.  Try to work with customers as much as possible and be friendly.  Regarding fixing/cleaning you can either do it yourself or charge a small fee to hire someone to do it for you. If you decide to do this and have any questions feel free to PM me or post below and I'll help as much as possible.  🤝

Disclosure:
This guide is indented to be interpreted as a business concept.  Please be sure to check your local laws before attempting to create the above business.  Who Soup claims no liability and does not endorse any illegal or dishonest practice.

[SIM-1567847]

Smart method.

Another great contribution.

[Meowth]

Definitely a high risk, high reward type situation. Nonetheless, awesome share. Not often do you see a unique share for free.

[Who Soup]

Definitely a high risk, high reward type situation.  Nonetheless, awesome share.  Not often do you see a unique share for free.

I do have another real estate method that's free with high gains.  I may be releasing this soon 🤝

[Narrate]

This is actually pretty cool.

I've always wanted to get into flipping houses, but never had the time nor the capital.

[Dеceived]

Very nice share op only problem for me would be no one wants to come stay where I live :(

[SIM-1589588]

Definitely a nice share OP. Rated it 5 star.

[Who Soup]

Very nice share op only problem for me would be no one wants to come stay where I live :(

You could always hire a property manager or do it all remotely.

[Mon£y]

Really great idea, but you'd need some good money behind you to do it, anything could happen.
Just a tip: If it's some younger people renting from you, be friendly but intimidating. Make sure they know you're the boss and if they break anything there will be severe consequences along with a big bill.

Do you do this yourself?

['Ryan]

I do the same with leasing cars and the app Turo.

[Who Soup]

I do the same with leasing cars and the app Turo.

I’m probably going to be making a thread about this too; turbo/Uber/lift/etc.

[Cagey]

Basically a sublet, not all places allow it though and high risk.

[Homero]

Here' s a good method if you want to make money in the real estate industry. 
Basically we will be renting out houses and putting them on Airbnb as vacation rentals and collecting a profit.

SWOT:

Strengths: Cheep way to get into real estate, Medium to medium low risk, fairly "hands off" depending on how you run it, fast money
Weakness: People will start to do this more and more, dealing with guests, Possibly have to clean units/fix things or hire people
Opportunity: Lots of room for quick expansion if done right, very quick money; you can withdraw quick, creates cash flow putting your risk lower with the more you have
Threats: Some states/countries may require permits, so this is a gray hat method if you choose to operate with out a permit, People could damage the home, Laws are being made to try and stop this method

Steps:

Step 1)
Create an Airbnb account.

Step 2)
Go on Zillow and find a place to rent, make sure it's near places of interests that tourists may visit.  I would suggest a property in your area, preferably a single family home. 

Step 3)
Compare vacation rental prices either on Airbnb or hotel websites such as Expedia and try to undercut them as much as possible while still getting a profit.


Useful Calculations:
Example:
Cost of rent (monthly): $2500
Air BNB Daily price: $150 (which on average in the US is pretty low)

Potential profit:
(Daily profit) * (# of days a month) = Potential Profit
$150 x 30 = $4500 that can potentially be made

ROI (Return On Investment)
(monthly expense)/(Daily profit) = ROI
$2500 /$150  = 16 days to make back money


Now all you have to do is rent it out and make a profit.  Try to work with customers as much as possible and be friendly.  Regarding fixing/cleaning you can either do it yourself or charge a small fee to hire someone to do it for you. If you decide to do this and have any questions feel free to PM me or post below and I'll help as much as possible.  🤝

Do you ask your landlord for permission? Most landlords won't let you sublet.

[Who Soup]

Do you ask your landlord for permission? Most landlords won't let you sublet.

I've seen it done with both the landlord permission and without.

[ReelDeal]

Pretty nice method, pretty risky, but for sure smart