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AirBNB investment property
I am new investor looking for my first investment property. I found this property in Onamia, MN. It's a 1 bedroom, 1 bath for $39,900 with a square footage of 400 sq ft. This location is right next to Millie Lacs Lake. This is one of the largest lakes in Minnesota. Property comes with an owned permanent slip in the harbor and access to the shower house. It is also 5 mins away from the Grand Casino Mille Lacs. I feel that location wise this is a pretty good spot for an AirBNB. The range of prices for properties in that area are about $50-150 for single occupancy. I was thinking I can get a couch bed or futon to count that as an extra bed. There's a $600 HOA for the doc. Taxes are $493. I'm estimating insurance will be around $600 (not completely sure on this). With 20% down and guesstimating probably be about $350 month without including utilities. A couple of questions that I am unsure about: 1. How to do I estimate utilities on a location that isn't used everyday? 2.What are some things I need to watch out for? 3. How many days do you typically estimate for vacancy when doing an initial evaluation? If you need further details about the location or property please let me know what you need.
I am new investor looking for my first investment property. I found this property in Onamia, MN. It's a 1 bedroom, 1 bath for $39,900 with a square footage of 400 sq ft. This location is right next to Millie Lacs Lake. This is one of the largest lakes in Minnesota. Property comes with an owned permanent slip in the harbor and access to the shower house. It is also 5 mins away from the Grand Casino Mille Lacs. I feel that location wise this is a pretty good spot for an AirBNB. The range of prices for properties in that area are about $50-150 for single occupancy. I was thinking I can get a couch bed or futon to count that as an extra bed. There's a $600 HOA for the doc. Taxes are $493. I'm estimating insurance will be around $600 (not completely sure on this). With 20% down and guesstimating probably be about $350 month without including utilities. A couple of questions that I am unsure about: 1. How to do I estimate utilities on a location that isn't used everyday? 2.What are some things I need to watch out for? 3. How many days do you typically estimate for vacancy when doing an initial evaluation? If you need further details about the location or property please let me know what you need.
Grand Casino Mille Lacs, Onamia: See 121 reviews, articles, and 6 photos of Grand Casino Mille Lacs, ranked No.3 on Tripadvisor among 7 attractions in Onamia. grand casino mille lacs Named one of TripAdvisor’s® 2014 Certificate of Excellence winners, the Mille Lacs Hotel at Grand Casino Mille Lacs is the perfect place for your next vacation. The casino hotel features 494 Guest rooms designed for your comfort and convenience, located just steps away from the exciting gaming action, delicious dining options, great shopping, and more. Grand Casino Mille Lacs 777 Grand Avenue Onamia, MN 56359 Directions » 800-472-6321 View deals for Grand Casino Mille Lacs, including fully refundable rates with free cancellation. Guests enjoy the comfy beds. Grand Casino Mille Lacs is minutes away. WiFi and parking are free, and this hotel also features 4 restaurants. When you stay at Grand Casino Mille Lacs in Onamia, you'll be next to a golf course, just steps from Grand Casino Mille Lacs and 7 minutes by foot from Mille Lacs Indian Museum. This casino hotel is 1.3 mi (2.1 km) from Mille Lacs Kathio State Park and 4.1 mi (6.6 km) from Whitefish Lake. Popular Hotel Amenities and Features Located in Onamia, Minnesota approximately 80 miles from Minneapolis, Grand Casino Mille Lacs is owned and operated by the Mille Lacs Band of Ojibwe. The tribe also own and operate Grand Casino Hinckley in the city by the same name, about an hour's drive from its sister casino. Grand Casino Mille Lacs is a casino in Mille Lacs. Grand Casino Mille Lacs is situated north of Vineland. Grand Casino Mille Lacs from Mapcarta, the free map. Grand Casino Mille Lacs, Onamia: Address, Phone Number, Grand Casino Mille Lacs Reviews: 3.5/5 • Both casinos will have some 24/7 food options available, such as Plums at Grand Casino Mille Lacs and Provisions To-Go at Grand Casino Hinckley. Other restaurants, like 1991 Kitchen, Grand Cup and Cone, Stories Diner, and Silver Sevens will be open with reduced hours. Value. The Grand Casino Mille Lacs Hotel is one of the largest casino hotels in the state of Minnesota featuring 494 rooms designed specifically for comfort and convenience. Our hotel property is a short walk from Lake Mille Lacs and features spacious luxurious suites and personalized service you would expect from a premier destination.