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Updated over 1 year ago on . Most recent reply

User Stats

137
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67
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Keith Mintz
  • Real Estate Agent
  • San Diego, CA
67
Votes |
137
Posts

How many STR do you have and what have you learned in your journey?

Keith Mintz
  • Real Estate Agent
  • San Diego, CA
Posted

How many STR do you have and what have you learned in your journey? What has your experience been like?

Most Popular Reply

User Stats

987
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2,066
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Travis Timmons
#2 Buying & Selling Real Estate Contributor
  • Rental Property Investor
  • Ellsworth, ME
2,066
Votes |
987
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Travis Timmons
#2 Buying & Selling Real Estate Contributor
  • Rental Property Investor
  • Ellsworth, ME
Replied

If a property cannot do at least $50-60k in gross rental income, it's not worth the hassle. You need a good base of revenue to spread your ongoing and unexpected costs against. It's also a lot harder and more expensive to get a property up and going than you expect. The exception to that would be buying furnished property, but your likely paying a premium in price to get that.

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