Informal Poll for new STR investors

[Collin Hays]

I don't know how to post a poll in this forum, so please just feel free to post your response.

WHAT ARE THE TOP TWO REASONS THAT YOU ARE INVESTING IN A STR AT THIS TIME?

- Current income

- Hope of price appreciation

- Vacation home to go to

- Future retirement home

- Store of value/hedge against inflation

- Generational gift to the family

- Alternative to traditional retirement investments

I'll go first.  I originally invested strictly as a vacation home, with home of price appreciation.   As time has gone on - 19 years - I've realized that this is also a great generational gift to my kids - both as vacation destination and a lifetime income for them.  

[Patricia Andriolo-Bull]

We had a primary and secondary residence and a long term rental when we purchased a vacation property in Punta Cana in 2016 to also use as a vacation rental when we weren't there.  I was already on track to retire at 49 (2022) and decided to buy a vacation rental in my town in 2020 for something to do, extra income and appreciation but also as overflow for friends and family to visit.  I enjoyed it so much that I bought the property next door, too.  I am also in this for generational wealth.  I have two kids and hoping to leave one to each and hope they will enjoy them or use them as income themselves.