Deal or no deal? NEED HELP FAST
Looking for advice. If low end rental projections (from area property Managment companies) don't cash flow, or are neutral, but AirDNA comps and market data analysis on ADR and occupancy show potential 25% cash on cash return, would you do the deal?!? Asking for a first time STR friend…😉
BTW - this friend is under contract and the increased insurance premiums are effecting the original projections…
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John Underwood
#3 All Forums Contributor
Pro Member
#3 All Forums Contributor
- Investor
- Greer, SC
Don't trust Airdna. You need to manually get accurate numbers to work with.