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Updated 4 days ago on . Most recent reply

STR investment group
Hi All - I'm about to close on my 2nd STR and i have friends / family who want to get in on the third. This has mostly been a side hustle for me as I have W2 income job. I was thinking go start some sort of investment club or syndication where say they want to each invest 25-50K and i pool about 400K or so to put down on the next STR get it stood up and and try and look to give them a 10-12% return on money with and return principle back after say 3-5, it would be like any normal investment for them. My current STRs will pull in rought 100k in profit, so i can support the 40K annual interest payments. if i can prove it works and the numbers make sense, i can just rinse and repeat to scale. Was just wondering if this was something any has done before and is there any advice on how to actually set this up. Would prefer not to have to go down the path of SEC filings etc.
Thanks in advance!
Most Popular Reply

@John Underwood Hi - both single family both 5 min from beach, one in Naples, FL and the other in Seminole, FL.