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Ep 211: 3 numbers to help you evaluate an AirBnB
02:50 – The first one by the way, you’re going to want to download that free profit calculator from our website fearless cow calm.
04:13 – So what does 150 to 200% Return on Investment mean? It means you’re basically making your money back in about six to nine months.
05:38 – And that’s what we have to remind ourselves right is that this is a long term investment Airbnb is not a get rich quick thing.
06: 39 – If you spend $10,000, that $10,000 will turn into 15,000 to $20,000. That’s what 150 To 200% ROI means.
09:32 – Don’t go cheap, just to make your money back faster because if you’re truly focused on the long term of this, the ROI in your one is 150 to 200% or maybe low end 100%.
10: 56 – The higher the number, the less risk you’re taking, and the lower the amount of days that you have to have in order to hit the break even point
13:57 – So the higher the number is essentially the lower the risk.
15:04 – Alright, so recap number one, we’re talking about return on investment number two, the risk factor that 33% rule and number three is a long term rental.
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