Hi guys! My fiancee and I recently bought our first house, and I’ve been running Airbnb on one of our extra bedrooms. My first month brought in enough Airbnb profits to cover our mortgage, which prompted this startup idea.
I’d like to create a down payment assistance program to help Airbnb hosts buy a primary residence home, and Airbnb out extra bedrooms to pay back the down payment.
Many of my peers have student debt that makes saving for a down payment difficult, and until you own your home landlords make it difficult to access Airbnb income. This down payment program would start in urban areas with high home costs but also high Airbnb rates.
I’d love to get your feedback - what do you think? Would any of you use it? How many Airbnb hosts are currently renters and want down payment help? Thank you for your feedback