I am 24 and make $63k a year. Should I buy a small investment property? Originally appeared on Quora. Answer by Andrew Mcconnell CEO of Rented.com.

Meet Jon Wheatley

When Jon was 25, he purchased this simple apartment for $40K in Vegas.

Jon spent 3 weeks and about $10K redecorating and furnishing the property.

Jon makes over $13K in profit renting the place out on Airbnb giving him an amazing 25%+(!) rate of return on his investment.

Jon is cool. You should be like Jon. If you end up starting down this path, check out the Ultimate Guide for small income property investors I recently helped put together based on experiences working in the short-term rental industry.

 

 

Read Andrew Mcconnell‘s answer to I am 24 and make $63k a year. Should I buy a small income property? on Quora