Short Term/Vacation Rental or Long Term Investment Property

[Dominic Pizzi]

Hey everyone!

Just another question I am posing to spark some interest in the BiggerPockets community. As a new or seasoned investor, which do you prefer to have, Short term rentals/Vacation Property or long term rentals? There are clearly some positives and negatives to each, and depending on the area you invest in one may be a better option than another. But I just want to hear from you on what your clients or what you personally would prefer to invest in and why!

[Will Fraser]

I prefer a well-located STR because of the downstream options I have with it. Ideally I can operate it as a prime STR for 3-5 years, devolve into a mid-term rental for 3-5, then operate it as a Long Term Rental until the market value and my equity conspire to make a cash-out refinance possible to restart this cycle for another 9-15 years.