Modern real estate tycoons

[emp]

It will never be illegal to rent out a property you own (yes, some properties have association rules but this condo does not appear to)

Even if he is forced to pay the current TOT rate of 12% in Vegas he still is profitable. He'll have the entire condo paid off in less than 4 yrs.

If he decides to rent it out full-time it would still bring in around half the income it generates as a vacation rental.

At any rate, he got a TON of juicy backlinks to his two sites Needwant.com and Lockitron.com from posting his rental income, lol.

I did not say it is illegal to rent out a property.

Loads of people were making profits they did not declare, though.

Doing this in a way that is easily traceable (as AirBnB is a nice database of that) is beyond stupid.

::emp::

 

[AdHustler]

Taxes on a $40k apartment are going to be negligible anyway.

Ok how about common fees?

 

[AdHustler]

Every major U.S. city that I have checked outside of California has condos listed for 40k or less.

Yea ok how about nyc