Updated over 2 years ago on . Most recent reply
- Investor, Realtor & Certified General Appraiser
- Hamilton, OH
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Building a 12-year Plan
I have started out building a 12-Year real estate investment plan and one of the Investment types that I do not know much about (Except for how to book one) is Short Term Rentals (AirBnB's, Vrbo's Etc)
My modest plan includes buying 5-6 STRs in destination cities! Destinations, I would like to occasionally visit during retirement. Say, NYC, Nashville, Vegas, Denver Aspen, San Fran (Napa) and/or LA.
Wright now the question is what do these investments cash flow on average. Considering, I would most likely be buying these on a turn key basis, ya know, having a Mgmt co running the show.
Most Popular Reply
- Property Manager
- Orlando Kissimmee Davenport Salt Lake City, Park City
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Turn-key with a management company? Cash flow will likely be zero.
The STR secret is out. If you want good cashflow you need to be looking at value-add and/or self-management.
There are still places out there where I'm sure you can cashflow with turn-key and a PM, but it's not going to be a big return.
- Ryan Moyer
