2min chapter

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Mike (@TheRealEstateG6): Zero To One In Real Estate

Value Hive Podcast

CHAPTER

Airbnb Portfolios - What Are Your Thoughts?

Crowd-sourcing has replaced Google. I would never invest in something where you're taking that kind of zoning risk, especially when the entire population in the town hates it most of the time. If one day the town's like, we're not allowing this anymore, they're dumb. They don't have a hotel motel permit. So I think that alone makes it a very, very dangerous thing to invest in. But if you're doing it the other way where you're kind of taking an old-style motel on some acreage with cottage-style layout where it's individual rooms, I love that model. You have almost unlimited supply competing against you.

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