Hi, everyone! I’m Matt, and I’m currently on the hunt for my first AirBNB-dedicated property.
I’m seeking advice from hosts with experience on the best places to buy a vacation rental in the midwest with all things considered (location, taxes, ROI, restrictions, home price, etc.). My budget is the less than or equal to $300,000 range, and I’d like to stay in Wisconsin, Illinois, Indiana, or Michigan.
To give some context: I was initially looking in the north Illinois area, specifically the “Chain O’ Lakes,” but without much luck. My thought is that Illinois may not be my best option, due to the high taxes here. Thus, I began looking at the surrounding area. My realtor recommended a few places in Wisconsin (St. Joseph, Browns Lake), and a few Google searches for “best AirBNB locations” recommended Milwaukee, WI and Indianapolis, IN. I really don’t mind if the location is more nature-ey (lakes, camping, etc.) or more urban. I’m simply looking for the best overall short-term rental investment.
Thank you in advance for your valuable insights, and for helping a young aspiring entrepreneur make the smartest move possible.