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.
When Jon was 25, hefor $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. If you end up starting down this path, check out the for small income property investors I recently helped put together based on experiences working in the short-term rental industry.