Should I Buy Another Airbnb or Diversify?

Ramsey Everyday Millionaires

Ramsey Network

Careers, Business, Investing

4.6 • 3.6K Ratings

🗓️ 11 March 2026

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Transcript

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0:00.0	This episode is brought to you by SmartVester.
0:07.8	Connect with an investing pro near you at Ramsey Solutions.com slash SmartVester.
0:13.8	James is in Rhode Island.
0:15.4	Hi, James.
0:15.8	How are you?
0:16.9	Good, Dave.
0:17.6	How are you guys doing?
0:18.6	Better than I deserve.
0:19.5	What's up?
0:20.4	All right. So I'm a 40-year-old guy. I got a fiancé and a baby who turned 2 in July.
0:26.2	And my fiance and I, we have three Airbnbs that are doing really well.
0:31.0	Four years into it, last year we grossed about 102,000. This year, we're forecasting to do about 127,000 gross on the three Airbnbs,
0:43.5	with a 62% profit margin.
0:46.7	Day job is hospitality sales.
0:48.5	I make about 100,000, 120,000 a year.
0:51.1	She is a psychologist.
0:53.4	She makes about 110. So our issue is, um, there are these
0:58.2	micro-loss. And another one is available, but it's in a super historic old building.
1:03.6	And I'm thinking about getting a fourth Airbnb. But the banks are telling me that I got to
1:08.9	put 40% down. They're going for about two and a quarter.
1:13.9	So I want to hear your take if I should get another profitable Airbnb and have it under
1:22.2	the same roof as all my other ones.
	...

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