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Updated over 2 years ago on . Most recent reply

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43
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Marcelle Abel
25
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43
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One BIG property or two smaller properties

Marcelle Abel
Posted

Running into a wall here and would love your thoughts and insights as I try to scale as a new investor. We have a chunk of cash to work with which I had originally planned to buy three STR properties with (traditional mortgage, 20% down) BUT I found a larger property with a larger price tag that looks to cash flow very well if done right. So my question is...do I spend 2/3 of my cash on this one property or stick to my original plan and look for three properties with a more moderate cash flow? Thanks everyone!

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John Underwood
Pro Member
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
14,884
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12,307
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John Underwood
Pro Member
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
Replied
Quote from @Account Closed:
Quote from @John Underwood:

One bigger property can make more with less effort than 2 properties.

 Just curious, is there a healthy demand for the bigger properties?


 I have a 6 bedroom, 4400 sq ft mountain cabin that can sleep up to 23 people.

Wow I can't believe how full it stays. One group checks out another arrives in the afternoon. 

  • John Underwood
  • Loading replies...