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Want to meet STR folks that want to create unique experiences
I want to network with other people on here that want to create unique STR experiences. Think a tree house, a lake house, a barn, etc. I am more intent on creating the unique experience and feel creating the unique experience will bring in the money. Anyone else have similar goals ?
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Originally posted by @Rohin Dhar:
I have similar goals of creating unique properties, it makes it much easier to stand out.
However, as I look back at our small portfolio, a lot of the unexpected gains have been through price appreciation. Price appreciation is likely to be much stronger for things that are "real estate" (ie real homes that are properly titled) versus "personal property" (ie something like a treehouse or barn).
So you might make more on the STR market with a treehouse or yurt, but your generic 3 bedroom in a good market might be what creates long term wealth!
You won't realize the gains of price appreciation until you sell the property. Then you won't make any revenue from rent since you no longer own it. But I suppose with price appreciation you can use the property as collateral for a larger loan to purchase another property.
It's what I'm trying to do for a $2000 shotgun I want. I win piddly .22's and handguns and have no use for them. So I wholesale them to a committee I'm on that involves guns. I'm trying to win enough piddly guns so that I can get the $2000 shotgun without paying for it. That's like winning 5 or 6 push mowers and trading them all in on a riding mower.