Live Let Thrive Podcast
Airbnb Superhost Relief. Do you Qualify? Arbitragers Got No Love!
Apr 16, 2020
In this episode, Myka, a podcast host and Airbnb expert, discusses the Airbnb Superhost Relief Fund, including the qualifications and application process. They also cover financial options during the pandemic, such as 401k withdrawals and investments in real estate. Check out the links in the show notes for more information!
07:06
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Quick takeaways
- To qualify for the Airbnb Superhost Relief Grant, you must be a super host for a year, have a verified identity, have lost a significant percentage of your earnings due to COVID-19, and show reliance on Airbnb as a primary or secondary source of income. The grant amount is up to $5,000, and if you qualify for both the Airbnb Superhost Relief Grant and the SBA grant and loan, you can receive a total of $15,000.
- The government has eliminated penalties on 401k withdrawals and allows you to withdraw up to $100,000 from your 401k. However, you have three years to pay back the amount. It is advised to make sound investments if you withdraw the money, such as buying off-market real estate using strategies like the birth strategy or flipping.
Deep dives
Airbnb Superhost Relief Grant Requirements
To qualify for the Airbnb Superhost Relief Grant, you must be a super host for a year, have a verified identity, have lost a significant percentage of your earnings due to COVID-19, and show reliance on Airbnb as a primary or secondary source of income. You can only share your primary or secondary residence and have no more than two active listings. The grant amount is up to $5,000, and if you qualify for both the Airbnb Superhost Relief Grant and the SBA grant and loan, you can receive a total of $15,000.
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