Need to spend $4 Mil on STRs ASAP

[Bryce Clark]

An investor friend is selling his business and will have around $4 million to acquire properties, mostly limited to Opportunity Zones. Obviously a tax deferral + investment play. It will all be invested in STR with the aim to refinance next year and do it again. I am brought in to locate, set up, and remotely manage.

We have a few ideas and options, but how would you start? Which market(s) would you go in?

Looking forward to connecting with more people as well. So many great things have come from networking here on BP!

[Luke Carl]

If I had 4 mil to do this I’d want to give it to someone that didn’t have to ask these questions. 

Why opportunity zones? What you need to look for are vacation zones.

Search this forum. Read everything. 

I would recommend your friend put that money into syndications and maybe give a small chunk to you. 

Of course it’s highly likely I’m missing something and you’re extremely experienced. Just seems if that was the case you wouldn’t have to ask something as simple as what market.