Lastly, owning an Airbnb property can come with some tax benefits of owning a second home. You have the access and ability to use it for your own personal getaways. Plus, Airbnb continues to grow in popularity.Īnother advantage of owning an Airbnb property is the fun of having a vacation property.

Many have purchased properties and paid off the mortgage in the first one to three years, quickly increasing their assets and revenue. With the right property and good marketing, it is possible to bring in a substantial amount of extra income each month. As a busy dentist this can be a very profitable side income to pay off debts faster and invest in your future.Īdditionally if you have an interest in real estate it can be fun to acquire new properties and use your creative flare to get them vacation rental ready, or you can hire out the things you don't enjoy doing.Īirbnb properties have the potential to make a lot of money if done correctly. The obvious being it can be highly lucrative if you can find a high demand affordable area. Regarding Airbnb properties, there are a few pros that stand out amongst the rest. Pros of investing in Airbnb type vacation properties Let's look at the pros of investing into vacation properties, how to get started, the tax benefits of owning an Airbnb type vacation property, and the downside. However, there are also some cons to investing in Airbnb type properties, such as the amount of work that goes into it, the risk involved, and that it may not be suitable for everyone. Investing in vacation properties can provide a side income stream with the potential to make a lot of money if done correctly. Investing in Airbnb properties can be a wise investment decision for busy dentists and healthcare professionals.

Airbnb investing