How can I earn money in real estate with $15,000? by @MAMcConnell

Answer by Andrew Mcconnell:

Rent this place in Panama City Beach, Florida.

It is $1,200 a month, or $14,400 a year (just under your budget).

How does that earn you money? Because thanks to the sharing economy/short term rentals, the same place is projected to make $32,400 a year in rental income.

Admittedly, you might be new to the real estate investment game, and especially to managing an Airbnb like this. To the extent it is helpful, I helped put together The Ultimate Guide To Vacation Home & Airbnb Ownership and Management with 81 tools and resources to help get you started.

But maybe Panama City Beach isn’t your cup of tea. No worries. There are a lot of great markets for investments like these.

With my company, Rented.com, I also helped recently put out the Short-Term Rental Income Report that breaks down the best and worst markets for investments like this. Take a look, and see if any tickle your fancy.

Happy hunting.

How can I earn money in real estate with $15,000?