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Re:The Rise of the Professional Airbnb Investor by user5994461 on Sunday February 19, 2017 @08:12AM (#13679516)
> In 2012, Jon Wheatley bought a $40,000 apartment in Las Vegas so that he could rent it out on Airbnb.

Investment advice: Get something for a fraction of the actual price.

Doesn't matter what happens next, you are already making a profit.

Re:The Rise of the Professional Airbnb Investor by charlesdm on Sunday February 19, 2017 @08:21AM (#13679548)
As the saying goes, you don't make money selling well, you make money buying well.
Re:The Rise of the Professional Airbnb Investor by branchless on Sunday February 19, 2017 @08:46AM (#13679643)
The American dream: something for almost nothing. Is this "business"? Who is doing the actual work once we set aside our paper heroes?
Re:The Rise of the Professional Airbnb Investor by sokoloff on Sunday February 19, 2017 @09:42AM (#13679927)
Buying something for a dollar and selling it for two is the second oldest business model in the world. Most businesses boil down to one or the other.

Rental property is buy an asset, break it into manageable and consumable chunks (nights, months, or a year of tenancy) and sell those chunks for more than you paid for them.

Airlines buy (or lease) entire airplanes and sell individual seat-routes. They're somewhat less successful at turning a profit than real estate, though.