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How to make $4500/month - with NO capital.
Put your house/apartment on AirBnB. If you have a studio/1bdrm - post and see if you get reservations. IF you do - crash at the friends place or your parents place for those days.
Use the money you make to fund your new business OR as a deposit for another apartment - that you can also post on AirbNb. Just underprice your place to get the first few reservations - and after you have a few positive reviews you should have no problem with bookings. You can furnish your new apartment with cheap/free furniture from Craigslist.
This will give you extra cash with and asset you already have.
I've had a lot of success with this - full occupancy for my apartments. And am looking to purchase a multi-family unit of 1 bedrooms or bachelors for short term rentals only - you make 2X to 3X more per unit/month this way than you would with long term rentals. Given that the location is desirable for tourists or students.
Make something out of nothing
.
Put your house/apartment on AirBnB. If you have a studio/1bdrm - post and see if you get reservations. IF you do - crash at the friends place or your parents place for those days.
Use the money you make to fund your new business OR as a deposit for another apartment - that you can also post on AirbNb. Just underprice your place to get the first few reservations - and after you have a few positive reviews you should have no problem with bookings. You can furnish your new apartment with cheap/free furniture from Craigslist.
This will give you extra cash with and asset you already have.
I've had a lot of success with this - full occupancy for my apartments. And am looking to purchase a multi-family unit of 1 bedrooms or bachelors for short term rentals only - you make 2X to 3X more per unit/month this way than you would with long term rentals. Given that the location is desirable for tourists or students.
Make something out of nothing
.
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