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They Want To Use HELOC To Buy A Vacation Property In Italy. Turns Out, Many Americans Had The Same Idea. Here's How Some Of Them Pulled It Off
Yahoo Finance· 2026-01-17 21:53
Core Insights - An American couple is considering purchasing a home in Abruzzo, Italy, for 220,000 euros ($256,000), intending to finance it through a home equity line of credit (HELOC) [1][2] - The property generates approximately $7,000 annually from Airbnb rentals, raising questions about the viability of relying on this income for financing [1] Financing Considerations - The couple has a remaining U.S. mortgage of about $100,000 at a low interest rate of 2.6%, leading to discussions about whether to pay it off before taking on a HELOC [2] - Opinions on Reddit are mixed, with some users strongly advising against risking their primary residence for an investment property abroad, while others suggest that if it is a dream purchase and financially feasible, it could be worthwhile [3][4] Alternative Financing Options - While a HELOC is seen as a practical option, some commenters proposed alternative financing methods, such as seller financing, which could provide a more flexible approach to purchasing the property [4][5]
I’m an Airbnb Millionaire: Follow These 3 Steps To Earn $250K in Rental Income
Yahoo Finance· 2025-10-06 21:08
Core Insights - The article emphasizes that achieving $250,000 in five years from Airbnb rentals is possible by focusing on a few strategically chosen "super properties" rather than acquiring numerous average properties [1][2]. Group 1: Market Selection - New investors often fail due to purchasing in the wrong markets; successful investors look for secondary and tertiary markets with strong demand, less competition, and growth potential [3]. - Buying in the right market helps protect against losses and positions investors for significant returns from the outset [3]. Group 2: Property Development - A "super property" is defined as one that stands out through unique amenities, thoughtful design, and memorable experiences, allowing it to command premium rates and encourage repeat bookings [4]. - The focus is on creating properties that consistently outperform the market rather than simply increasing size [4]. Group 3: Business Management - Successful short-term rental hosts treat their properties as businesses, utilizing data-driven tools to optimize revenue and actively manage guest relationships [5]. - Maintaining high standards comparable to top hotels is crucial for transforming a good property into a "super property" capable of generating over $50,000 in annual income [5].