If you're looking for ways to diversify your portfolio and make some extra cash this year, Airbnb is as popular as ever to create some additional, passive income.
Gone are the expensive and less comfortable days where hotels were the best way to travel and see the world, Airbnb is here and here to stay - and the bigger the better. For groups, families, get togethers, and extra space for activities, large Airbnbs are always in huge demand.
We've curated a list of large investment properties in diverse U.S. locations for you to choose from - each one with a unique draw that is sure to catch the eye of any Airbnb vacationer.
Located in Hampden Heights, this open layout home backs onto open space, Cherry Creek Trails, Highline Canal, and Hampden Heights Trail - perfect for attracting outdoor enthusiasts. The home has modern living spaces, a spacious kitchen, four bedrooms, three bathrooms, two patios, and smart home features to ensure the comfort of your guests from afar!
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Cathedral City Cove is packed with history and prominent artists have been residing in this eclectic neighborhood since the mid 1930's.
Centrally located, you're 10 minutes east from Palm Springs or 10 minutes west of Palm Desert. Walking distance from the new Agua Caliente Casino, Mary Pickford movie theatre, restaurants and nightlife. With five bedrooms and four bathrooms spanning over 2,700 square feet, your guests will have plenty of space.
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In the Buena Vista area of Nashville, this home screams potential. Surrounded by new builds and modern renovated homes, this modest home is awaiting its makeover. Just minutes from downtown, so sure to draw the Nashville tourism crowds. Listing says it's "priced to reflect needed updates" and "no sign in yard" - so this is pretty much an investor's dream come true.
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In West Palm Beach, Florida, we found this sunny five-bed, 3.5-bath home with a two car garage. Close to shopping, all major roads, and with great community amenities. Any Airbnb guest would be delighted to call this home for a few days. Check out the full listing here.
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To ensure that the buyer (and lender) is paying a fair amount for the home, buyers insert an appraisal contingency, which allows the buyer the ability to walk away from the purchase without penalty if the appraisal returns a value lower than a set value (usually the purchase price). Aside from walking away, the buyer can renegotiate for a lower price with the seller, request that their lender make an exception, and approve their loan as if the property had appraised to match the purchase price or make up the difference between the purchase price and appraised value via their own funds. In most cases, if the buyer makes use of the appraisal contingency to walk away, they are likely to receive a complete refund of their earnest money. However, buyers must be cautious and include this in the contract to avoid problems at a later stage.
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