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I can Help You Using Loans for Airbnb Businesses
The average person is now making $21,000 annually by renting out their second home. If you’d like to get in on this cash cow, loans for Airbnb businesses will get you there.
A recent report regarding second home purchases highlights a growing trend. People are purchasing second homes at startling rates, but not necessarily to live in. Whereas about 90% of people planned to live in their second homes just a few decades ago, now fewer than 40% intend to. This, of course, is due to the booming rental industry brought about by home-sharing platforms like Airbnb and HomeAway.
The data from the report includes all people with second homes, not purely those who make a buy for the sake of business, but the numbers are compelling. For example, about 35% say 100% of their costs are covered by the rental income and about 13% of those are making a mortgage payment. A further 32% are generating profit, and a final third says it helps them cover some of their costs. Again, though, some of these people are living in their second homes too; they’re not running them as a true business.
Considering all the different types of people who are using homes ... more
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