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Updated about 7 years ago on . Most recent reply

User Stats

30
Posts
9
Votes
John Meyers
  • Real Estate Broker
  • Park Ridge, IL
9
Votes |
30
Posts

Urban Short-Term Rentals Niche

John Meyers
  • Real Estate Broker
  • Park Ridge, IL
Posted

My business partner and I are creating a real estate investment firm. -- Our niche will be acquiring Chicago properties to convert to short-term rentals.

We will acquire the properties under our LLC and keep them rented/managed efficiently (min 90% occupancy rate).

If managed properly, short-term rentals produce higher cash flow than traditional 12-month rentals. -- This higher cash flow easily covers the mortgage, taxes, and maintenance costs while providing a strong return on investment for investors (most important!).

Does anyone have tips or know of investors who would be interested in this type of investment opportunity?

Most Popular Reply

User Stats

5,694
Posts
8,819
Votes
Don Konipol
#1 Innovative Strategies Contributor
  • Lender
  • The Woodlands, TX
8,819
Votes |
5,694
Posts
Don Konipol
#1 Innovative Strategies Contributor
  • Lender
  • The Woodlands, TX
Replied

Poster made one post and was never heard from again, even to respond to replies to his own post! Don't think he is interested or deserves our help or consideration.

  • Don Konipol
business profile image
Private Mortgage Financing Partners, LLC

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