adam on Nostr: I have a property that won’t sell - thinking about running an airbnb play and ...

I have a property that won’t sell - thinking about running an airbnb play and putting profits into bitcoin

I’ll then compare that against what would have happened if I had fire sold and bought bitcoin (fire sale price ~65% of asking value I’m thinking?)

The playbook I’m thinking:
- take out the max mortgage and put whatever equity I have into bitcoin*
- hire out the management (I don’t need another job)
- take revenue less costs (maintenance + debt service + management fee) and put the rest immediately into BTC (via @bitcoinwell of course)

* I already have debt on the property, can probably get ~$200k out if I max up the mortgage rate (and they approve a bitcoin guy like me 😅)

Would you be interested in following along? I’ll open up the numbers and be pretty transparent with all that stuff.

I think fire sale might result in more BTC, but time will tell!