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Updated about 7 years ago on . Most recent reply
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Urban Short-Term Rentals Niche
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
![Don Konipol's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/37034/1621370217-avatar-dkonipol.jpg?twic=v1/output=image/cover=128x128&v=2)
- Lender
- The Woodlands, TX
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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
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