Dax Stanley shows how a client traveling weekly between Sydney and Melbourne covers her apartment mortgage entirely with Airbnb rental income. The strategy turns an investment property into a self-funding asset that generates profit on top of covering all expenses.
Chapters
So considering a new source of passive income. You know, we've always traditionally invested in houses renovation. And I had a client come to me that was really had an interesting situation. We had to be really creative with what we were going to come up with, their wealth strategy. And what we found was he was traveling a lot every week, fly down to Melbourne, spend the week in Melbourne, fly back. There's a lot of rent expense in that. So we looked into Airbnb. Airbnb, an apartment while he was back in Sydney. And the whole Airbnb for the whole year pays for his knowledge. He just needs to get his deposit together and he can buy something and it pays for all the mortgage for the place. He has a Melbourne. So if that resonates with you, you're interested in something like that you can pay for. And he pays for the mortgage and all the bills. Give me a shout out.